Advanced-analytics programs use a variety of sophisticated technology, such as artificial intelligence and machine learning, to examine large datasets, identify patterns that can be difficult to detect by humans, and predict outcomes with remarkable precision.
Before they can adopt advanced analytics, however, mines first need to consider building a strong digital backbone. A digital backbone is the fundamental structural support on which all of a company’s systems, networks, and applications depend — and which determines a company’s ability to keep up with today’s rapid technological advancements. A strong digital backbone will ensure that, whenever a mine wants to add a new technology, it will seamlessly integrate with all other systems currently in place.