Many processes lend themselves to automation in the Mining space. Please find the following Heat Maps highlighting the Supply Chain Management area that is the best places to start with automation and digital transformation in the Mining segment.
54% OF AN INDIVIDUAL’S WORK HAS THE POTENTIAL to be automated in the Mining industry *McKinsey, A Future That Works
The Mining industry has several use cases for robotic process automation. Back-office processes such as Finance and Accounting, HR, IT and administration and procurement can easily be automated using RPA technology to eliminate human error and increase efficiencies.
In addition to the various back-office processes, BOTS can also assist with various other processes such as :
The top 3 activities for AI in order of ability to automate include:
1. Data Collection
2. Predictable Physical Activities
3. Data Processing
*McKinsey, A Future That Works
The importance of automation in Mining has become increasingly important given there are so many external forces that can impact the industry, and ultimately increase or decrease profit margins dramatically including :
Apply machine learning to determine the best locations to explore from classifying rock faces and leveraging satellite imagery to predicting mineral prosperity.
Predictive modelling can be applied for drilling targets as well as classifying subsurface materials.
Use predictive modelling to determine construction phases and tap into data sets that will dictate timeframes, such as previous site designs and aerial imagery.
Monitor daily operations including site safety, and the extraction of resources. Review and analyze key data points including equipment, materials, people, and the surrounding environment.
Self-driving trucks and autonomous loaders are just two examples of autonomous vehicles that will improve site safety and increase operational efficiency.
Manage risk with AI and machine learning in real-time and using predictive modelling to assess environmental impact, largely through satellite imagery.
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Mining businesses can benefit from Valenta services. We have partners and staff onboard who understand this sector and who have experience with Mining. Everything we do at Valenta is about helping companies focus on and have time for what they do best and their core mission. We do this through process consulting, digital transformation, the automation of tasks, and by providing staff augmentation. Valenta is focused exclusively on SMB clients, typically enterprise customers with 10-1,000 employees. We have Managing Partners located in cities across the US, Canada, the UK, the EU, and Australia. Our Managing Partners work with other onshore consultants, plus offshore consultants, developers, and managers of outsourced staff to deliver the best services to our clients. Please reach out here to locate a Managing Partner in your area.