he mining industry is no stranger to the challenges posed by disparate data. With operations often spread across various locations and the involvement of multiple teams, data can become fragmented, leading to inefficiencies and potential risks. Disparate data can have far-reaching impacts on business operations, affecting everything from strategic planning to day-to-day activities.
“Having your data unorganised and all over the place has serious consequences to companies whose only value, quite honestly, is their data.”Ineffective data management practices can exacerbate the issue of disparate data. Without standardised processes and a centralised system, data can become inconsistent and unreliable. This not only hinders operational efficiency but also poses significant risks to safety and compliance.
“If you have all your data consistently compiled in one place, you can start taking advantage of new techniques to gain fresh insights that were previously not possible.”Improving data management practices has numerous benefits, including enhanced decision-making, increased operational efficiency, and reduced costs. It also supports better compliance with industry standards and regulations, safeguarding a company’s reputation.
“All mining companies aim to reach net zero emissions by 2050, with substantial reductions by 2030. This makes the industry extremely receptive to the many benefits that emerging technologies can offer”As the industry continues its journey towards digital transformation, good data management practices and supporting solutions ensure companies are well positioned to adapt to future technological advancements and remain competitive.
Seequent data management solutions such as Central, Imago, and MX Deposit integrate with a range of geoscience solutions, complementing existing systems and enabling a connected ecosystem for data to flow through.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: mining - 🏆 449. / 53 Read more »