Production Optimization: The Future of Digital Mining Optimization is Now
By Rachel K. Carson (MarCom Intern for Process Industries) No one likes delays. Whether it be an extra twenty minutes stuck in traffic or a back-ordered item you desperately want, delays cause time loss, increased expense, and overall direct inconvenience. Within the mining industry, delays must be avoided at all cost. Delays in scheduling and/or operations can cause increased mining expenditures, off-schedule events, and even, unexpected downtime. This is why Mining, Minerals, and Metals is taking embarking on a Digital Mining Transformation; to reduce delays and increase the overall efficiency and profitability potential within an asset and its people. Production Optimization An essential element to a mine’s Digital Mining Transformation is Production Optimization. The basis of Production Optimization is turning data into insight. Excessive, or current dark, data can be transformed into insightful measures and lessons learned for future implementation. Accounting capabilities ar...