Mining

The mining industry is going through a huge transformation as it enters the digital age. Mining is converting into a high-tech industry. The most recent commodity boom ended in 2011, since then the mining industry has been facing severe challenges, mainly through low commodity prices and low productivity. These challenges have caused severe price declines, increased volatility and low utilization levels, resulting in low profitability and a reduction in capital expenditures. There is a growing sense that these trends are not cyclical as in the past but are more permanent. Despite these challenges, there are big opportunities, with digital technologies, mining companies generate value by creating integrated supply chains and safer operations. In addition, increasing agility in mining operations and business infrastructure results in increased productivity. These companies mine smarter, not harder.