K
Kathleen Martin
Guest
Industry 4.0 has enabled mining and tunnelling industries to optimise operations beyond what we thought was possible. With a focus on safety and productivity, technology continues to develop and facilitate effective operations, but with these advancements come concerns about change and making new investments.
Embracing Internet of Things (IoT) technology not only promises safer and more productive operations, but it also helps to make them more cost-effective. From improved maintenance to making operators’ jobs easier, IoT could save your mining operation money.
Mining Technology spoke with Pekka Jaarinen, Normet’s director of digital services, about the benefits of IoT and how it can reduce operational costs.
Service optimisation
“Better equipment uptime using analytics and AI or machine learning to predict failure and the impact that has on availability significantly improves the service of your equipment,” Jaarinen explains.
Predictive maintenance allows mining operations to optimise maintenance schedules, preventing costly downtime and extending the service life of expensive equipment. AI and machine learning collate data from service history and the performance of the same model in other environments to maximise uptime and address any issues proactively.
Troubleshooting and remote diagnostics
According to Jaarinen: “If we can do something remotely to support our customers or sites, then this will decrease costs on an operational level as well. For example, data can provide valuable insights for first-time resolution so if we do have to visit a site for repairs, we go in already knowing what the problem is.”
Continue reading: https://www.mining-technology.com/sponsored/how-internet-of-things-technology-reduces-operational-costs-for-mines/
Embracing Internet of Things (IoT) technology not only promises safer and more productive operations, but it also helps to make them more cost-effective. From improved maintenance to making operators’ jobs easier, IoT could save your mining operation money.
Mining Technology spoke with Pekka Jaarinen, Normet’s director of digital services, about the benefits of IoT and how it can reduce operational costs.
Service optimisation
“Better equipment uptime using analytics and AI or machine learning to predict failure and the impact that has on availability significantly improves the service of your equipment,” Jaarinen explains.
Predictive maintenance allows mining operations to optimise maintenance schedules, preventing costly downtime and extending the service life of expensive equipment. AI and machine learning collate data from service history and the performance of the same model in other environments to maximise uptime and address any issues proactively.
Troubleshooting and remote diagnostics
According to Jaarinen: “If we can do something remotely to support our customers or sites, then this will decrease costs on an operational level as well. For example, data can provide valuable insights for first-time resolution so if we do have to visit a site for repairs, we go in already knowing what the problem is.”
Continue reading: https://www.mining-technology.com/sponsored/how-internet-of-things-technology-reduces-operational-costs-for-mines/
