The traditional mining industry is becoming more and more permeated by artificial intelligence (AI) and automation. The clever implementation of digital technologies such as the Industrial Internet of Things (IIoT) and automation make mining fit for the future: more safety and productivity, more efficiency, sustainability and ultimately profitability. Given the fact that in the last 15 years the average cost of copper production has increased by more than 300%, while raw copper contents have decreased by 30%, IIoT technology offers a cost-effective way to increase profitability.
The IIoT technology is able to convert inefficient manual and mechanical processes into digital processes. For example, sensors with an Internet connection can record large amounts of data remotely and in real time. This data can then improve on-site efficiency, ensure a safe environment for miners and monitor the operational condition of machines.