In the years following the global financial crisis, the mining sector has seen a strong rebound with positive growth rates worldwide. However, even as commodity prices recover, sustainability and compliance with stringent regulatory changes have become a key concern. Mining companies continue to face a host of new challenges in the post-recession era. A rise in demand, spurred by the developing countries in particular, has placed tremendous pressure on the industry. Even as operations expand across the globe, these companies have to contend with a finite resource base and Subject Matter Experts spread thin over long distance and multiple time zones – thus adversely impacting performance. There is also a critical need to cope with the ongoing high costs for development materials and labor which subsequently influence operational costs. In this context, obtaining and managing data in the right format and getting it to the relevant people at the right time is of paramount importance – and plays a significant role in facilitating quick and efficient decision-making.
This brings us to a question - Are mining companies seeking the appropriate technology solutions to these challenges? How can we ensure that new technologies improve, rather than add to, business complexities?
Collaborative Decision Environments (CDEs) are fast emerging as an ideal solution to this scenario. At the heart of CDEs is collaboration that increases efficiency across decision processes –a deep-rooted transformational approach that harnesses the potential of human capital within the organization and across its third party network of contractors, vendors, and other stakeholders. The successful deployment of CDEs calls for a multi-layered combination of engineering, technical, and organizational/behavior change expertise, and management commitment. The end result is a mining corporation with automated and streamlined processes that does away with geographical limitation issues and fosters transparency, which in turn generates significant time and cost savings helping them do business better.
It’s clear that the game is changing. Is your organization ready for this new era of collaboration?