Driverless technology, deep-sea excavations and mining expeditions on the moon were once just the ideas of sci-fi movies. Today, they’re realities or just around the corner. And by 2020, we expect (most of) them to be the norm. As low commodity prices persist, mining companies are under pressure to reimagine their business models.
Those that have incorporated technology into their operations have seen their revenue streams live on, while those that haven’t have fallen short. Mining is in the early stages of the Fourth Industrial Revolution, or Industry 4.0, and further digitisation is on the horizon. The value of harnessing technology is obvious.