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Top 3 Technological Innovations For Mining Companies

Thinking to start Mining business for the future? check out the Presentation about the 3 best technology innovations. So, Mining is not only one of the most lucrative business, but it is also growing exponentially in terms of technological innovations. Know more... https://www.qltech.com.au/industries/mining/t

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Top 3 Technological Innovations For Mining Companies

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  1. Top 3 Technological Innovations For Mining Companies https://www.qltech.com.au/

  2. Mining is not only one of the most lucrative business, but it is also growing exponentially in terms of technological innovations. The onset of artificial intelligence (AI), internet of things (IoT) and biotechnology are driving the mining revolution at a rapid scale Now the question is how would the mining leaders capitalise on these innovations while ensuring a stable production line? Firstly you have to ask yourself these fundamental questions: • What improvements does the new technology bring within the value chain? • Would radical technology disrupt the value chain? • What actions can mining executives take in future?

  3. 1) Big Data • Big data drastically reduces the cost of exploration which is highly useful. Considering the spike in exploration spending on elusive resource discoveries. • Using the troves of data collected from existing equipment and monitoring devices. • The sensor technology provides potency to this approach: Using contactless molecular sensors to analyze the characteristics of the ores.

  4. 2) Autonomous Cargo to Streamline Supply Chain • Use of Autonomous rails to traverse within the mines will not only expand the supply chain capacity • This technology in combination with universal quantum computers will augment data-crunching capabilities by orders of magnitude. • Together, these advances will enable mining companies to achieve an advanced level of supply chain optimization.

  5. 3) Real-time data for mining & processing • Real-time data is expanding the marketing intelligence to help the mining companies capitalize • On the commodity markets through supply chain transparency and downstream integration. • Connecting sensors to the equipment in the mining sites and feeding the real-time data to the mining companies main control room. • One of the examples of real-time data application is the smart helmet equipped with sensors and augmented reality (AR) to detect hazardous regions with the mining site.

  6. Contact us to Know More about Mining Technology You are just an e-mail away. Drop a line at support@qltech.com.au Australia +61 8 6262 3559 India +91 79 4006 1419 https://www.qltech.com.au/industries/mining/

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