How Mining Companies Can Extract Value with Digital Transformation

Mining companies today are seeking to significantly reduce their carbon footprint as part of a larger, ongoing transition to a green economy. The industry has stepped up efforts to enhance working conditions and reduce fatalities as part of an increased focus on health and safety norms, and other Environmental, Social, and Governance (ESG) guidelines. Another major industry-wide push is emerging around boosting productivity and resilience across the value chain amid supply chain disruptions.

Across these areas, digital is increasingly playing a pivotal role in helping reinvent the metals and mining industry. Miners have traditionally been considered “laggards” in adopting new technologies to digitalize their processes and operations. This has resulted in limited visibility into asset operating conditions, created operational silos and a lack of centralized remote monitoring, among other inefficiencies.

How can the industry effectively leverage digital going forward to orchestrate business transformation? Accenture’s Ranajit Sahu presented a five-pronged framework for miners to conceptualize and execute their digital transformation programs at the 11th Mining Technology in India Conference , in which prominent CXOs and experts discussed emerging technologies, outlook and opportunities for the industry.

Companies must learn from relevant use cases for digitalization, while considering their unique organizational context. They must synthesize these learnings into functional and non-functional requirements to arrive at the right scope. They then need to ideate and build prototypes. Further, these prototypes must be deployed and tested with actual users for validation. Finally, miners can deploy the chosen solution and refine it for continuous improvement…Watch the session recording

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FICCI Recognizes Accenture’s Digital Transformation Work at JK Paper?

JK Paper recently won the Platinum (first) award in the industry-wide digital transformation category at?FICCI’s inaugural edition of the Industry 4.0 Awards. Accenture in India had partnered with the paper manufacturer to design and implement the analytics-led, value-driven business transformation program…Read more

Mining’s New Role as a Champion of Decarbonization

Miners pursuing decarbonization should first identify short-term initiatives that could deliver prompt results and gain investor support. For example, they could harness artificial intelligence (AI) and data analytics to improve efficiency and enhance profitability. Companies can then move on to larger and long-term projects such as electrifying the mining infrastructure from renewable sources…Read more

How to Overcome Demand Swings in Mining and Metals

Dramatic and ever-changing variations in demand, coupled with intermittent availability of commodities, are expected to continue to challenge supply chains like never before. Therefore, miners must shift to a customer-centric supply chain for greater business focus and agility. The industry should leverage data and technology to optimize all aspects of the business to serve customers in the most efficient and profitable way possible…Read more

The Chemical Industry’s Road to Net Zero

Going forward, chemical companies that focus on net-zero innovations and produce new materials that are lighter, more sustainable, and made with processes that result in lower greenhouse gas emissions will find expanding markets for their offerings. Eventually, the industry can play a critical role in helping companies across industries reach their net-zero goals, and at the same time, positioning to grow and develop in a more sustainable future…Read more

The Future of Fulfilment for Chemical Companies

To address complexity while delivering customer demands more effectively and efficiently, chemical companies are now looking to enhance their supply chain capabilities.?The industry must make investments in three areas to be future-ready. First, it needs to adapt the supply chain dynamically to changing customer needs. Second, operate an asset-light network by building a more agile business model leveraging an ecosystem of partners. Third, leverage data and applied intelligence to gain deeper supply chain visibility for real-time decision making…Read more

Accenture is ready to help as you begin to re-imagine your business. If you’d like to know more about how we can partner with you in your digital transformation journey, please feel free to contact us. Thank you!?

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