Caron Business Solutions’ Blog About Accounting, CRM and HR Solutions
Integrated Mining Solution Leads Digital Transformation
There’s a technology shift afoot in the mining industry. Once considered behind the technology eight ball compared to other industries, today’s mining operations are embracing technology in in new and expanded ways in what’s been called a quiet revolution in the industry. More mining companies are now using technology to integrate their operations, lower operating costs, and boost productivity. Which technology investments generate the best results for mining companies? Here are our top-five winners.
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Unified Agribusiness Digital Business Platform
Many agribusinesses rely on multiple, disconnected software applications to address the broad and various aspects of their business. A collection of individual systems can deprive the business of the operational efficiencies and enterprise visibility needed to be profitable. Agribusinesses that can unite their operations using a single, purpose-built business management solution are able to create a global digital platform that allows them to scale and grow profitably.
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Lower Costs with Predictive Maintenance in Mining
Mining companies have gone from spending 1% of revenue on IT in 2015 to an estimated 10% in 2020. Considering that mining maintenance costs alone can run from 30% to over 50% of total mine operating costs, it makes sense to direct some of that spending to the activity responsible for half its costs.
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Build a Resilient Mining Workforce for the Future
To remain productive and profitable, mining operations must take a proactive approach to human resources and labour compliance, ensuring they have a safe, skilled and engaged workforce to drive the organization forward.
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Business Intelligence Data Allows Mining Companies to Look Ahead
For a mining company seeking sustainable growth and profitability, information is critical. You are already be generating a tremendous amount of data from the field and the office, but how quickly and how effectively are you able to access and analyze that data to unlock the actionable insights within? Gaining access to actionable data requires a powerful business intelligence (BI) tool to uncover the gems.
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Rethinking Mining Operations amid the COVID pandemic
Recently, research giant McKinsey advised mining companies to rethink their responses to the pandemic, and outlined a “5R” approach: Resolve, Resilience, Return, Reimagine, and Reform. Similarly, in Understanding COVID-19’s impact on the mining & metals sector, Deloitte speaks about three dimensions of managing the crisis: Respond, Recover, and Thrive. Extrapolating from these insights, we offer up our own take on how mining companies can survive and thrive in the new global economy.
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