Mining has played a crucial role in South Africa’s economy for the best part of two centuries. And while it may not play as big a role as it once did, it still contributed R400-billion to GDP in 2020 and employed more than 450 000 people.
But if the sector is to remain competitive at a global level, it has to evolve particularly when it comes to embracing digital transformation.
Digital Transformation in Mining Presents Unique Challenges
While South Africa’s unique circumstances should be taken into account, especially when it comes to factors such as the orebody depth and labour intensity of the country’s mining operations, that doesn’t mean that mining companies should shy away from digital transformation.
The application of digital technologies, both in their current form and in future digital forms such as artificial intelligence (AI), machine learning (ML), big data analytics, and the Internet of Things (IoT) is increasingly pivotal to mining success.
To read more on the article titled “Digital Transformation Crucial for the Future of Mining in South Africa” click here.