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Fool’s gold: Is the promise of digital transformation too good to be true?

Fool’s gold: Is the promise of digital transformation too good to be true?

We are constantly hearing that digital transformation is the next big game changer for the mining industry.

The potential gains of digital transformation are said to be deep and far-reaching, and include lower costs of extraction, fewer accidents on site and a more diverse workforce.

But how much of these big promises can be believed? And can we actually implement them?

The good news is that the promise of digital transformation for mining is real, and it is achievable. In the last decade, we have seen successful implementation of innovative technology in the mining industry, from the first large-scale remote operations and automation, through to analytics and visualisation, and to the most recent applications of machine learning.

These are measurable cases of individual digital projects delivering on their promises.

The question is: can these digital projects be competitively repeated and sustained? And how can we ensure that the promise of them adding up to a digital transformation is not too good to be true?DE

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