The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Seeking to unearth the future of smart mining, Swedish telecom giant Ericsson has partnered with Becker Mining Systems AG to distribute private 5G networks at global operations. According to a recent report by Ericsson, the successful implementation of digitalization into the mining sector could potentially triple productivity growth in the industry by 2025 – shining a light on the value of creating data-driven mines. With the apparent necessity mining will play in the o...
Canada-based Maestro Digital Mine launches MaestroLink, a server software tool for managing health conditions for all Maestro-based digital industrial internet of things devices and networks for the underground mining sector. "Maestro is known for its industrial internet of things devices used for ventilation monitoring and controls as well as last mile digital networks for the underground mining sector," said Maestro Digital Mine President and CEO Michael Gribbons. Maestro...
The cost savings offered by artificial intelligence-powered predictive maintenance, compared to standard preventative maintenance, is a game-changer for mining and other commercial enterprises. "Reactive maintenance costs enterprises billions each year in lost production. The ultimate goal is not to replace machines or parts too early but service them at the right time," said Vankata Naveen, disruptive tech analyst at GlobalData. "This can be done optimally using AI-powered...
RIO Analytics and OneWatt, innovative companies showcased in the Prospect Mining Studio cohort, are taking unique approaches to a fast-growing mining technology, shifting from the old method of preventative maintenance to a future of artificial intelligence-enabled predictive maintenance. Arnhem, Netherlands-based OneWatt is utilizing AI for predictive maintenance in a remarkably interesting way, through sound. Predicting and detecting faults in industrial equipment, OneWatt...
Internet of Things (IoT) devices, machine learning and automated equipment being implemented to facilitate smooth operations in mining and other industrial sectors will see new ease of use with the latest network advancements in wireless connectivity. The next generation has begun to roll out with 5G and with it a more integrated system of development. To preface, a common misconception with the name of telecommunication technology starts simply with the letter G, as they are...
