A Framework to turn IoT Technology into Operational Capability for Mining

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Presented by

Pieter van Schalkwyk, CEO, XMPro

About this talk

Digital Transformation through IoT that focuses on digital exploration, agile mining operations, connected assets, and next gen safety brings significant benefits to mining companies and mining technology suppliers alike. Mining organizations that don’t embark on IoT-enabled Digital Transformation will find it more challenging to compete in uncertain resources cycle. With more than 80% of IoT projects not progressing beyond POC stages according to Gartner, there is a disconnect between IoT technology and IoT capabilities. This stems from a technology-centric approach to IoT that focus on connected “things” and less on the expected business outcomes. A July 2017 McKinsey study found that 70% of their respondents identified “integrating IoT solutions into existing business workflows” as a capability gap. The IoT challenge that mining companies now face is less of a technology problem and more of a business process problem. This webinar presents a framework that provides the business architecture for using IoT that connects IoT technology to operational capability and business outcomes. The I2OC framework focus on aligning IoT technology with benefits such as increased asset availability, reduced downtime, reduced costs, increased efficiencies, and improve safety and governance. Pieter uses a practical mining example to present the I2OC framework.

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The Industry IoT Consortium is a global, member-supported, organization that promotes the accelerated growth of the Industrial Internet of Things by coordinating ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data using common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.