IoT Revolutionizing Mining industry

• Published Month : Monday, 18 Nov 2019 06:00 pm

Collecting real-time data, analysis of equipment, and ecological data has the ability to transform the mining industry. Many players are experimenting with IoT smart solutions to monitor operations and enhance efficacy.

The capability of collecting real-time data followed by analysis of equipment as well as ecological data can entirely transform the mining industry. A number of players in mining industry have started tying up with the IoT professionals and providers of smart solutions in order to monitor operations as well as enhance overall efficacy. The key players in the mining industry have already started deploying solutions for connected worker followed by primarily changing mining towards upgrading worker safety.

Below are a few methods IoT is impelling innovation in mining industry:

• Getting real-time data & analytics

As businesses implement IoT and connect their resources, it outcomes in huge volumes of data connected to security, machines, the operational situation, production methods and several other operational phases. Real-time analytics assists the companies in understanding the potential variability as well as deviations processes. Moreover, inspecting the collected data as well as generating significant insights might enable miners in taking efficient actions, make alterations towards driving greater process productivities & combat safety fears.

• Enhance traceability & visibility

IoT computerizes tasks and restricts intervention of human while offering real-time visibility within vital processes. It authorizes regulators as well as operators to explore data associated with pit controlling, drilling, mine scheduling, status & location of worker, etc. with the assistance of visual graphs & techniques.

• Regulate the processes

As the companies can well monitor their current processes, enabling them in regulating it along with making operations extremely responsive. Moreover, IoT lets companies assembling more data enabling the introduction of new models of business as well as generating new systems of revenue.

• Upscaling worker safety

Worker safety has always been one of the major concerns for mining industry since decades. Recognizable risks of mining operations can include large chunks of equipment around frequently narrow spaces, incapability of monitoring workers’ fitness, reduced visibility plus poisonous gases that makes unsafe atmospheres.

IoT may perhaps play a very significant role towards ensuring safety of worker in widespread locations & extreme environments. Wearables such as smart helmet, smart vest and wrist band can help in addressing potential risks in terms of health by continually monitoring cardiac activity, vital signs and real-time situation. This aids supervisors in anticipating and taking cautionary steps in order to evade potential threats.

• Prognostic maintenance

Smart sensors enables companies in accumulating critical data from automobiles, tools and products across several processes along with providing them with the insights of the functionality. Moreover, added analysis of accumulated data enables operators in predicting the possible threats so that sudden downtime can be avoided. Prognostic maintenance assists companies in not just reducing the costs of maintenance but to enhance the machinery for better performance as well.

• Cloud-based logistics

With the support of the cloud-based logistics as well as a load-sharing platform, players in mining industry can implement and cope sales contracts, handle inventories & product movement, regulate price in real-time along with optimizing costs & removing the chances of any human error. Furthermore, remote monitoring of loaded trucks might help companies in routes optimization to ensure that their trucks proceed with precise weight to optimize fuel.