IDC PlanScape: The Smart Mining Digital Framework

IDC Energy Insights Opinion

In This Study

Situation Overview

Why

What

Who

How

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

Quality

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

Synopsis

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

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.