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Unified systems enable optimal analysis

THE TIMES ARE A-CHANGIN’ 
Given the exponentially increasing range of data available, the days of employees processing the sheer volume of data produced have all but passed

THE TIMES ARE A-CHANGIN’ Given the exponentially increasing range of data available, the days of employees processing the sheer volume of data produced have all but passed

21st February 2020

By: Khutso Maphatsoe

journalist

     

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Mines typically use various disconnected systems, which create silos or pockets of disparate information, necessitating that an employee manually collates and analyses the information to reach a conclusion – a time-consuming process that could last for weeks.

This has resulted in mining companies’ pursuing single systems or fully integrated systems to allow for the timeous flow of information using technology to analyse data for real-time decision-making, says mining software solutions provider CCS Mining & Industrial (CCSMI) MD Joe de Klerk.

“We are living in the information era where progress and success, in terms of project management, are driven by having the right information at the right time.”

He comments that the information is generated and managed through tools introduced by the Fourth Industrial Revolution (4IR), “which is all about creating Big Data from multiple sources”.

De Klerk notes that, given the exponentially increasing range of data available, the days of employees processing and understanding the sheer volume of data produced have all but passed.

Consequently, if mining companies want to survive and grow in the rapidly evolving technology era where artificial intelligence and cloud technologies are commonplace, they will need to invest in technologies that are suitable for their business operations.

De Klerk states that the mining industry is spending about a mere 1.5% of turnover on technology and, as a result – along with the construction industry – is one of the least digitised industries of all.

“Companies using the right tools – those that process and interpret information in real time – will thrive,” he says.

CCSMI Software

De Klerk highlights that Candy and BuildSmart are CCSMI’s complete mining and engineering management software solutions, which share critical information in real time, increasing productivity and profit while reducing project volatility by enabling proactive management of project risk.

“Having one system enables companies to manage the complete life cycle of the project. Candy Estimating integrates with BuildSmart Procurement for precise quantity and rate information to allow for accurate purchasing, which is the first step in effective cost control,” he says.

Further, De Klerk states that the integrated solution simultaneously organises cost information by task and cost type, allowing for the comparison of cost information on an individual basis, across estimating, project management and accounting databases, even if the data is saved or formatted differently.

Meanwhile, De Klerk stresses the importance of costing, noting that inaccurate costing affects the yearly and life-of-mine budget, which, if completed incorrectly, will have major financial implications for the mine owner or contractors involved.

“Budgeting in the mining space is a risky business, owing to the number of uncontrollable variables affecting the budget.”

He concludes that mining companies can mitigate this risk by controlling the actual spend. Further, the ability to match that spend to the budget using CCSMI’s software will help mining houses maintain control over and increase profitability.

Edited by Nadine James
Features Deputy Editor

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