Australian Mining in 2018 sees the mining equipment, technology and services (METS) sector emerging from a downturn and reassessing its approach to the future.
Market conditions are improving and confidence has begun to return but commodity prices are still marked by fluctuation. How should mining companies approach this new era?
These are the key, interrelated ideas around which the future of mining is developing:
- Collaboration
- Innovation
- Technology
Commit Works operates at the nexus of these priorities. We deliver software solutions that grow with the industry and facilitate better collaboration on mining operations.
Collaboration
The value of collaboration in mining has gone largely untapped in an industry that’s known for silos and secrecy.
In the recent tough years, mining companies have learned that better cooperation in the workforce is crucial to improving efficiency, productivity and safety on site.
Collaboration across and outside of the sector is also a rising trend. The resources industry is building relationships with software developers, technical specialists, strategic thinkers and others. The role of diversified knowledge and new perspectives has been recognised in the bid to transform the METS industry and guarantee its future survival.
Innovation
Innovation was a focus for the industry during the downturn, as businesses fought to survive. In the wake of this challenging period, it is clear that innovation is now a constant consideration. The world is changing fast. Transformation is driven by rapid technological advances and volatile markets. “Innovation” is the shorthand for all of the ways in which companies can stay relevant and competitive.
Technology
The upswing in the market has meant that more companies can invest in technology. Digitisation is now happening across all levels of business. These investments are seeing improvements in equipment capabilities, workforce management, safety and efficiency, as companies benefit from mobile technology, cloud computing, automation, real-time reporting and big data.
See how CiteOps drives sustainable performance improvements for the mining industry
