Technology & equipment Not just cloud talk
The cloud and the technologies it supports are fundamentally changing the world’s mining operations, capable of enhancing safety, sustainability and productivity on-site. A cloud-integrated mining company can boast stronger data resources, digital technologies, personnel pools, internal operational procedures and cooperation with other parties. Andrew Tunnicliffe speaks with the founder and CEO of GroundHog, Satish Penmesta, to find out what impact they’re having, what benefits they can offer the mining industry and also to learn about their potential drawbacks.
mine that “utilises cloud technology is better placed for safety, sustainability, and productivity”, declared GlobalData’s Thematic Intelligence in early 2023. The data and analysis provider says mining companies that are cloud- integrated reap the benefits of stronger data resources, digital technologies, personnel pools, internal operational procedures and cooperation with other parties. As the industry becomes increasingly familiar with industrial software applications, its spend is growing significantly year-on-year. Expected to be worth $10.1bn this year, according to research
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by MarketsandMarkets, that will hit almost $15bn by 2028, with an annual growth rate of more than 8%; driven by the palpable demand for increased efficiencies – both operational and financial. However, massively outpacing that is the sector’s investment in cloud services, with a compound annual growth rate at 18.7% between 2021 and 2026 according to a Research and Markets report published in June. It says that although cloud adoption is already mature in mining, the possibilities these technologies offer continue to grow, leading companies’ spend to “grow fast” too.
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World Mining Frontiers /
www.nsenergybusiness.com
David Field/
Shutterstock.com
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