Sandvik Mining and Rock Technology has partnered with IBM to develop data driven productivity and predictive maintenance services for the mining and rock excavation industry.<\/p>\n
Under the agreement, the two companies will develop advanced analytics solutions to improve maintenance, safety, productivity and operational services of mining and rock excavation equipment.<\/p>\n
The rising number of onboard instrumentation and data gathering capabilities in heavy equipment have provided mining operators more opportunities for increased productivity; with the use of digital technologies estimated to create around $100bn in value to resources companies by 2035.<\/p>\n
The collaboration will involve the use of remote monitoring, advanced analytics, and cognitive technologies, allowing mining companies to combine equipment data from a range of resources and automatically analyse the patterns to increase performance.<\/p>\n
The first state of work will be done on loaders and trucks; connecting up to 15 units and integrating live data from multiple on and off boarding systems to run the analytic algorithms.<\/p>\n
The combined information will allow mining companies to make better production plans and maintenance schedules for their equipment.<\/p>\n
It is also set to generate greater yields and lower costs per tonne of ore.<\/p>\n
Sandvik has identified between 20 and 50 per cent decreases in costs per tonne with their digital technologies, and these new analytic capabilities are set to reduce costs even more.<\/p>\n
President of Sandvik Mining and Rock Technology, Lars Engstr\u00f6m, said the company\u2019s OptiMine and AutoMine solutions for data collection already provide a suitable platform for IBM analytics solutions.<\/p>\n
\u201cThis collaboration fits well with our service portfolio, which is based on traditional life-cycle, enhanced technical, and business services, all of which are aligned to improve safety, secure competences for mine operations and increase our customers\u2019 productivity,\u201d he said.<\/p>\n
Anders Fredholm, VP Industrial Products Industry, IBM Europe also welcomed the collaboration and said the company looks forward to providing smarter digital services to natural resources companies worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"