With the modern mine generating vast amounts of data from monitoring devices, the challenge for the industry is deriving actionable insights from it. However, data is often held in disparate systems leading to poor collaboration and worsening project productivity. This has provided the perfect conditions within which cloud computing companies for the mining industry have been able to increase the efficiency of the sector as a whole.
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The flexible data storage capabilities of the cloud have eliminated overprovisions of IT infrastructure, and cloud data storage is sold on demand. This centralised and scalable system has alleviated the pressure put upon on-premise server centres as embedded sensors in mines and mining assets generate more data than ever before. Miners can have ubiquitous access to this data and use cloud software and services to generate productivity-boosting insights and refining safety management systems. This is making many companies switch to cloud computing for mining.
Leading miners using cloud computing for mining
The leading industry adopters of varying cloud technologies are Vale, Anglo American, AngloGold Ashanti, Teck Resources, Freeport, McMoRan, Newcrest, Rio Tinto, Komatsu, Barrick Gold, BHP, Resolute Mining, and Fortescue Metals.
Discover the leading cloud computing companies in mining
The information provided in the download document is drafted for mining executives and technology leaders involved in cloud computing mining solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading suppliers of cloud computing for mining include AVEVA, Bentley Systems, Constellation Software, Dassault Systemes, DataCloud, Emerson, Ericsson, Petra Data Science, Nokia and IFS.
Future of cloud computing in mining
GlobalData forecasts that the compound annual growth rate (CAGR) of spending on cloud computing in the mining industry will be 9% between 2019 and 2024, with revenues expected to rise from $958m in 2019 to $1.bn by 2024.
Mining companies began tentatively adopting cloud computing over a decade ago, but in recent years the importance of the cloud in the industry has grown. More companies are adopting cloud-first strategies, indicating the long-term importance of cloud computing mining solutions in improving productivity. Adopting the cloud, and using it effectively with other technologies, will ensure a leading position for a company in the coming years. Many mining companies are switching to cloud computing as a greater number of providers offer powerful software and cutting edge technologies.
For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:
Frequently asked questions
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How is cloud computing transforming the mining industry?
Cloud computing enables real-time data analysis and storage, improving operational efficiency by allowing mining companies to collect, process, and access data from remote locations. By using cloud-based solutions, companies can enhance collaboration between teams, optimise resource management, and improve decision-making, particularly in monitoring, safety, and production processes.
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What are the benefits of using cloud services in mining?
Cloud services provide scalable infrastructure, reduce the need for on-premises data storage, and offer cost-effective solutions for managing and processing vast amounts of data generated by mining equipment and sensors. This technology also enhances predictive maintenance and risk management, which improves operational reliability.
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How do cloud-based solutions improve safety in mining operations?
Cloud solutions allow for real-time monitoring of safety-critical data, including equipment performance and environmental conditions. This enables quick response to potential hazards and supports predictive maintenance by identifying issues before they become serious, reducing the risk of accidents and downtime.
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What challenges does cloud computing address in mining data management?
Cloud computing addresses challenges such as data silos, where information is stored in separate systems that do not communicate effectively. By centralising data in the cloud, mining companies can ensure better collaboration, real-time insights, and improved project management. This integration allows for a more cohesive approach to decision-making and operational efficiency.
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How is cloud computing driving innovation in mining?
Cloud computing facilitates the integration of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) in mining operations. By leveraging these technologies, mining companies can automate tasks, improve resource utilisation, and enhance predictive capabilities, leading to increased productivity and reduced operational costs.