Mining and Exploration Industry Unearthing Opportunities of Location Intelligence
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Mining and Exploration Industry Unearthing Opportunities of Location Intelligence

By CIOReview | Tuesday, July 13, 2021

The mining industry is implementing location data to help save lives and improve performance.

FREMONT, CA: Mining methods have been leveraged to pull important minerals and ore from the ground since ancient times. For years these processes were labor-intensive and hazardous. But as new technologies based on data are being developed, mining companies now have secure and precise methods of finding and removing materials from the earth. Collecting data, including location data from every mining system, including fleet management, plant control, vehicle sensors, maintenance systems, and blending these data for actionable insights, can quickly answer critical questions. Read on to know more.

Mineral exploration needs and utilizes a diverse range of data types and techniques, including satellite and geophysical images, geologic maps, and a variety of databases. Over its lifecycle, a mining exploration creates a vast amount of spatially significant data. Through better tracking equipment components, polling of health parameters, and other measures, mining firms can accelerate equipment uptime and lower the cost of mine operations. Mining corporations have several assets and infrastructure dispersed over vast locations. Monitoring the location of devices in relation to active sites and maintenance facilities will allow organizations to answer vital questions.

Monitoring the location and use of beneath ground devices ensures efficient, safe, and optimal performance. Mining firms employ a huge number of staff, many of whom are employed on a shift or block roster basis. Keeping up-to-date with their availability and location, relative to specific project sites, is vital. Tracking the location of competitor equipment, resources, and infrastructure can determine their capacity to compete for contracts and new locations. Additionally, being able to track the location of safety incidents can reveal patterns and help unearth unsafe work practices.

Location data have the ability to help mining organizations streamline operational efficiencies by averting risk and saving time. However, much of this location-based information, capable of offering significant advantages, is dispersed across many information systems. A solution with robust potentials can pull this information together to uncover hidden trends, relationships, risks, and opportunities.