Sponsored by: Interlate
Interlate improves the profitability of mines.
Interlate is an industrial productivity improvement specialist that uses the power of connected machines and world-leading technical innovation to deliver superior value for customers. Operating from a state-of-the-art Operations Intelligence Centre in Australia, Interlate’s solutions help natural resource companies to reduce operating risk and increase productivity.
Imagine what you could do with an extra financial quarter
Interlate is a data business. We are transforming the mining sector, harnessing the power of connected machines, expert human skill and world-leading technical innovation. We provide solutions that reduce operating risk and increase productivity in real-time.
Mining companies are continually seeking ways to increase profitability. Minimising costs and maximising productivity have become increasingly important focus areas, and these are the efforts that mine operators can control.
Interlate’s solutions are filling the mining sector’s need for innovation. Since its foundation, Interlate has taken the lead in the mining sector as a productivity specialist. Through a unique blend of technology, expertise and big data analytics, we can prevent production interruptions, optimise production output and improve operations in the most cost-efficient way.
To provide rapid and sustainable productivity solutions, Interlate uses its Galaxy Engine™ which is a hypervariate analytical platform, capable of processing millions of data points across discrete operating scenarios simultaneously at great speed. We combine this capability with subject matter expertise and site operating context to develop analytical tools that can be used to optimise the plant. This can provide up to 15% productivity improvement in our clients’ operations without additional capital expenditure.
Interlate maintains an operational culture that allows us to act as an extension of site teams, integrating and collaborating seamlessly and solving problems in real-time. We maintain a close connection with the operations teams we serve and provide sites with an additional layer of decision-making support that, over time, embeds knowledge in the site teams. Together, we uncover value that is already there, waiting to be unlocked.
Unlocking value in mining through a successful IoT strategy
The need to uphold revenues and reduce costs has become even more essential in an increasingly competitive environment.
As the global economy becomes ever more complex and orebodies become more inaccessible, a more sophisticated approach to productivity optimisation is needed.
Traditional performance interventions are transient due to geographical dislocation of skills and data.
Using an Internet of Things (IoT) approach gives miners an opportunity to substantially improve performance without adding significant capital.
IoT has been heralded as the primary conduit to improve operational efficiency in manufacturing and the same could be said for mining. But in today’s environment, companies can also benefit greatly by seeing it as a path for finding value from unexpected quarters.
In the future, successful mining companies will use the IoT to capture new growth through three approaches: boost revenues by increasing production, use intelligent technologies to fuel innovation and transform their workforces.
IoT has been heralded as the primary conduit to improve operational efficiency in manufacturing and the same could be said for mining
The promise of IoT is that by connecting machines through communication networks and allowing them to quickly process data and share insights will enable intelligent systems to optimise processes and economic outcomes.
However, machines alone cannot revolutionise the mining industry. Our industry is centred around people that apply specialised knowledge and experienced thinking to transform data into insight. For the mining industry, an essential component of a successful IoT strategy is the role that people play in building the algorithms that create insight; as well as carrying out the actions to implement new knowledge.
The automation trend in mining is maturing. Well-understood and repeatable tasks are increasingly automated which is a boon for productivity improvement through the
removal of variability.
However, leaps in productivity are made when insights are harnessed and used to improve the outcome of complex processes. These insights arrive from people’s experience and skill being applied to data.
The role that people have in transforming productivity is inescapable. A successful IoT strategy blends expertise, experience and technology in a way that generates actionable insights for teams of people on operating sites, allowing them to make informed and timely decisions in order to improve productivity and, ultimately, profit.
Ready for next productivity revolution?
See the potential benefits we can offer your mine here