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
- 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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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