Latest News  

EY: Global mining and metals sector faces digital disconnect

According to latest report of EY regarding the digital transformation in mining and metal sector globally, 15 percent of survey respondents say digital isn't on the agenda in their organization.

2017-04-20 21:59:36

Also, the report states that digital is a key enabler to achieving the next level of productivity improvement and companies must apply the same rigor to digital transformation that they would any other change program

Future digital transformation of the mining and metals sector will be a critical enabler to addressing the industry's productivity and margin challenges, according to the EY report The digital disconnect: problem or pathway? However, the current rate of digital progress is out of sync with the scale of opportunity for many companies, the report finds.

Just 31 per cent of 700 respondents in the sector say digital is high on the agenda at their organization, while 15 per cent say it is not on the agenda at all.

Paul Mitchell, EY Global Mining & Metals Advisory Leader, says: "Productivity remains the top operational risk facing the sector and companies know that traditional cost cutting isn't enough to address this challenge. Embracing new digital technologies is crucial to improving productivity and commercial outcomes."

The mining and metals sector has a long history of adopting new technologies, including plant control systems, GPS technologies, automated haulage and data storage. And, yet, many companies face substantial challenges in turning their long-term digital vision into a reality finds the report.
The concept of digital mining is not new despite the sector's reputation for falling behind other industries in embracing digital. Companies have been quick to take advantage of technological developments in the past. However, we now see a disconnect between the potential from digital transformation and the poor track record of successful implementations.

A number of common pitfalls are driving the digital disconnect between mining and metals companies' vision of a digital future and ability to actually achieve it, the report finds. They range from a perception of high costs to an ill-defined business model and a lack of detail on the implementation pathway.
Mitchell says: "Companies are nervous when it comes to digital investments. Many have experienced failed attempts in the past, and they don't want to go down that road again. Many do not have a clear view of what their current capabilities are or where they want to go in the future. It's navigating this path that is key. Those miners that are working toward defining their digital future are on the right track. It's those that do not take advantage of digital advances that are putting their future at stake."

The report outlines how digital can: optimize plans and productivity rates across all operations and manage variability under any conditions; enhance asset availability and reliability; help understand true end-to-end capability and systems bottlenecks and support loss elimination; and increase agility and responsiveness to changes in market factors.

Mitchell says: "Companies need to apply the same rigor that underpins other change programs to their digital transformation. Only then will miners achieve the end-to-end process change the sector needs to achieve the next level of productivity".


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
A.T. Kearney: The widening impact of automation impact the business model of outsourcing

According to a recent article of A.T. Kearney and based on the findings of Global Services Location Index for 2017, the developing nations have long enjoyed the economic benefits of other countries' offshoring.

 Read Full article »
Freelancing – a solution to staff shortages for companies

According to Smartree Romania, a leading provider in Romania of outsourcing payroll services and personnel administration, freelancing has become more present among Romanians lately. Working with freelancers ca

 Read Full article »
Kaspersky Lab: Targeted attacks on radar for industrial organisations

Of the industrial companies that participated in the IT Security Risks Survey , every fourth has faced a variety of cyberattacks. Worryingly, one of the fastest growing types of threat among the multitude targe

 Read Full article »
E-commerce: Romanian companies sell online on their own, above EU average

A share of 16 percent of all enterprises located in the EU and employing at least 10 people received orders via a website or apps (web sales) in 2016, Eurostat reveals. At the same time, more than 8 in 10 enter

 Read Full article »
FAB LAB Iasi nominated at CEE Shared Services and Outsourcing Awards in Warsaw

Iasi city, in Eastern Romania, together with Conduent company and FAB LAB IASI project have been nominated at CEE Shared Services and Outsourcing Awards, to take place at Warsaw at the Hotel Intercontinental o

 Read Full article »
Endava and Velocity Partners announce merger to become truly global IT player

The merger between Velocity Partners, an innovative software development company with a strong presence in Latin America, and Endava, a global technology company with a sustained consistent growth and offices a

 Read Full article »
ACADEMY+PLUS: The partnership with private sector enables the forming of IT specialists meeting market demands

ACADEMY + PLUS, the free programming school, officially opened its activity in Bucharest. The inauguration takes place in partnership with the private sector and aims to train 140 IT specialists within the fram

 Read Full article »
Colliers: The availability of workforce influences the outsourcing companies' demand for office spaces

The demand for office space for the BPO / SSC sector in four major CEE cities - Wroclaw, Lodz, Krakow and Sofia - accounted for 60 per cent of the total demand in the first semester, while in Bucharest this was

 Read Full article »
Atos proposes to acquire Gemalto to create a global leader in cybersecurity, digital technologies and services

Atos. a global leader in digital transformation, announces that it has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares

 Read Full article »
Four companies represent Romania in Deloitte 2017 Technology Fast 500TM EMEA rankings

Trencadis, Tremend, APSISWARE and Qualitance represent Romania in this year's Deloitte's Technology Fast 500 rankings for Europe, the Middle East, and Africa (EMEA).

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Romanian Outsourcing Awards for Excell...
» Molson Coors started to grow its busin...
» Romania's IT industry could grow at an...
» TELUS International: How customer serv...
» Capgemini to open new office at Suceav...
» ABB opens the first robotics training ...
» Comdata to buy four subsidiaries of Fr...
» Four companies represent Romania in De...
» Committed to growth
 
EDITOR CHOICE
TELUS International: Chatbots - The pros and cons of automated customer service

Learn what key factors to consider before introducing chatbots to your customer service strategy

 Read Full article »
Why AFI Tech Park is the best value for money office project in Bucharest(P)

Based on the insight that location is a strong criteria employees take into consideration when choosing their workplace, AFI Europe Romania is currently developing AFI Tech Park, the newest office destination i

 Read Full article »
Shifting the workplace perspective towards high-end added value

This month, OUTSOURCING TODAY organized The Workplace of the future in IT and Outsourcing at Caro Hotel Bucharest, a new concept event meant to connect fast-growing corporate tenants from IT and outsourcing ind

 Read Full article »
Andrei Romanescu, Managing Director of Veeam Romania: Outsourcing sector, a decade evolution

Since the early 2000s, this sector has grown at a significant rate (about 20-30% per year). The industry has evolved from focusing on cost and labour arbitrage to adding value – therefore the growth is not so

 Read Full article »
TELUS International Europe: Discover how successful smart-home providers deliver exceptional customer service

Key Takeaways

• Internet of Things (IoT) connected home devices are making the contact center and customer service more important than ever. • A friendly approach and positive attitude are import

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events