November 16, 2018, 9:53 am

Blog

Technology Trends and Challenges for Asset Management

Written by: Sandy Dunn - Managing Director, Assetivity | November 5, 2018

Why we need to move beyond point solutions to a more strategic & holistic approach

Last week I attended the IMARC conference in Melbourne which is Australia’s largest Mining conference.  With four streams over three days, a stellar speaker line-up of senior executives from mining companies and suppliers to the industry and a large trade-show, it was a great opportunity to hear and learn about the latest industry trends.  While the conference was industry-specific, I believe that the messages and trends are mostly universal.

The key messages that I got from the conference (with a focus on Asset Management and Operations Improvement, which is clearly the area of most relevance to Assetivity and our clients) were:

  • The industry needs to reimagine itself if it wishes to gain greater community acceptance and be recognised as an industry that people want to work in. To some extent this is already happening, but more on that later.
  • New technologies are fundamentally changing the way that the industry operates. While automation is grabbing the headlines (driverless haul trucks, autonomous trains), a raft of new technologies is changing back-office functions and enabling greater control, faster feedback on performance and better-quality outcomes.
  • The old, ponderous, slow-moving ways of the mining industry of the past need to (and are) changing. Agility and speed in deployment of new technologies is vital. And these technologies can often be deployed without the need for major capital expenditure.
 

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