But the stakes are high.
Tracking down these reserves and exploiting them successfully demands change by investing in the latest digital technology. Metal producers that harness the full potential of a digital transformation can boost margins by up to 8%, according to McKinsey research, so the rewards are clear.

So where do mining companies start?
Transitioning to the digital mine typically begins by focusing on core processes, automating physical operations and digitizing assets. This includes adopting autonomous vehicles, drones, 3D printing and wearable technologies. These are all run and monitored through a connected network that uses IoT to capture data in real time.

This data is stored securely in the cloud and analyzed, providing key insights for faster, more accurate decision making, driving efficiency, improving HSE standards and cutting operating costs. Communication and collaboration between workers, both at remote mines and off site, are also significantly improved through cutting-edge connectivity. This seamlessly links telephony, mobile devices, collaboration software and video streaming, introducing smarter working practices across all operations.

With only 15% of global business executives believing they have the necessary capabilities and skills to execute digital transformation, according to Forrester, finding the right digital partner is crucial.