IDC PlanScape: The Smart Mining Digital Framework

IDC PlanScape: The Smart Mining Digital Framework

This IDC PlanScape report uses the IDC PlanScape methodology to explore the topic of smart mining. The intent of the methodology is to provide clients with a framework for creating a business plan by answering four essential questions: why, what, who, and how.

"Smart mining programs can deliver financial benefits that are tangible and auditable," says Emilie Ditton, head, Asia/Pacific Energy Insights. "Most importantly, though, smart mining capabilities create the basis for visibility and control, ultimately enabling better decision making based on detailed and real-time operational data-based insight to what is happening operationally across the mine."

Please Note: Extended description available upon request.

IDC Energy Insights Opinion
In This Study
Situation Overview
The Approach
Why? A Step Change in Operational Efficiency and Productivity Is Required
The Role of OEE in the Business Case
Efficiency — Beating the Mine Plan
Utilization — Avoiding Outages
Quantifying the Benefits
Increased Revenue
Increasing the OEE of a mining operation will create the opportunity to increase revenue. However, it may not be as simple as more output means more revenue. There are several dimensions that need to be considered:
Cost Reductions
Future Outlook
What Is Smart Mining?
Choosing the Technologies
The Importance of Data Integration
Who? Smart Mining Can Only Succeed Where Operational Technology and Information Technology Collaborate
How? Paths to Smart Mining
Essential Guidance
Actions to Consider
Learn More
Related Research
Table: Asset Maintenance Processes
Table: Required Technology Capabilities
Table: IT/OT Governance Constructs
Table: Approaches to Smart Mining Investment
Figure: IDC PlanScape: The Why, What, Who, and How of Smart Mining
Figure: Operational Equipment Effectiveness Calculation

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