Digital Transformation In The Mining Industry: Understanding Global Technology Developments And Managing Concerns

To thrive in a highly dynamic and complex environment, it is necessary for contemporary businesses to observe and analyze industry technology trends by using an ongoing basis, and develop future-focused innovation-oriented activities that allow a firm to adapt to the change and uncertainty.

Nowadays digital transformation process is known as probably the most critical indicators central towards the progression of the mining sector, as well as other relevant trends that are likely to shape the mining for the future. Digitalization has become a business imperative, leveraging the latest technology advances to improve operational processes in order to ensure strategic competitiveness, reduce risks, and increase business performance.

However, it remains hard for mining operators to decide which digital technologies are the most relevant to their experience, current needs, priorities, and challenges. There are a lot of documents and descriptive overviews of digital technologies in the mining sector which are relevant at the firm level and develop a managerial framework for organizations in order to describe key dimensions that you should considered for the successful digital transformation strategy implementation.

During these studies digitalization within the mining industry is regarded as a procedure of adopting technologies, digital devices, methods, systems, digitized data, and advanced analytics in an appropriate strategies by order to achieve desired strategic organizational objectives and business outcomes, such as costs reduction, operational performance improvement, and a general transformation of mining practice towards making it safer and more efficient and sustainable.

These researches focuse on defining a theoretical cause of a deeper understanding of the current global trends intended for digitalization which can be likely to shape the mining for the future.

You’ll find out the need for organizational adoption of digital innovations for the mining operators and descriptions of the mechanisms by which it could be carried out.

Additionally, managerial implications are presented that may be conceptualized with the firm level so that you can integrate new digital technologies in the operating model to attempt successful digital transformation

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About the Author: Annette Nardecchia

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