Posted Date: 2017-05-26 07:14:10 Posted By: Sushil Bhandari
The application of information technology is happening at every phase of the mining value chain, from exploration and geological modeling to equipment operations and maintenance,
and logistics and transportation. For a mine, an endless stream of data is available in the form of performance and condition data from sensors and monitoring devices on fixed and mobile assets through networks, servers, and services. This data can be processed and analyzed to spot trends, help predict events, and formulate reliability strategies as early as the design stage (e.g., reliability-cantered design). Data gathering, processing and analysis can be used to optimize operational efficiency, increase asset availability and utilization, improve safety and environmental integrity, and maximize return on investment. Smart planning and coordination of activities are required to mitigate variability caused by external forces; disciplined
execution is needed to eliminate variability that miners create themselves.