Industry Q&A: Extracting Insights for Miners
Austmine likes to take some time out to catch up with our members, to gain some insights into their areas of expertise. This week we caught up with Terry Leister, business development manager at Pronto Software, who shared his thoughts on how mining corporations can utilise technology to streamline complex business processes and make smarter decisions.
Why is technology an import component for Australian mining companies?
Mining companies are constantly drawing on best of breed technology that helps solve practical challenges around managing growth, reducing operating costs and improving production efficiencies to achieve profitability. Buzz words such as ‘cloud solutions’, ‘mobility’ and ‘data’ are not pigeonholed to particular industries, with these ‘tech terms’ also very relevant to the mining industry.
At the beginning of this year, Deloitte identified in its report, “Tracking the Trends 2015: The top 10 issues mining companies will face this year”, that miners must innovate in order to survive and technology plays a major role in fuelling innovation. Having an intuitive business management software system in place can help miners enhance business processes by providing management with the intelligence to make informed decisions.
Choosing to implement an Enterprise Resource Planning (ERP) system deeply integrated with Business Intelligence (BI) technology provides managers with greater visibility and faster access to key business information across various departments. The Deloitte report notes that the mining industry is traditionally conservative when it comes to embedding innovation into a corporate strategy. Solutions suggested for combatting the ever changing and competitive landscape included: thinking big; testing small and scaling fast; leveraging emerging technologies; becoming part of an innovation ecosystem; and preparing for new operational realities. We have seen our customers in the mining sector take a courageous step and move beyond conventional business methods, in order to gain a competitive advantage.
One way a mining corporation might benefit from implementing an all-encompassing IT solution, is by utilising the smart data that’s made available to help maintain and track equipment performance. For example, assessing data obtained from sensors attached to both fixed and mobile equipment can allow staff to predict and prevent equipment breakdowns, as well as other downtime events, significantly boosting productivity and safety. By doing so, mechanical problems can be identified before they occur, increasing accuracy, efficiency and performance on a mining site.
How does the mining sector compare to other industry sectors when it comes to embracing technology?
In an industry where information accuracy and reliability is crucial to business performance and successful execution, technology is paramount. From tracking and tagging of personnel and equipment, to monitoring, communicating and automating machinery and processes, technology is fundamental.
Mine sites often span across vast areas, and often there are many disparate operations and separate procedures taking place, all at the one time. Having a system in place that supports each individual function on the site, whilst also provides wider management with visibility into all overarching functions is invaluable.
What does Pronto Software provide to mining companies?
Pronto Software is a software developer of next generation ERP software that integrates with advanced BI solutions. With in-built intelligence and flexibility, Pronto’s flagship product, Pronto Xi, provides mining companies with the ability to discover rich, real-time business insights, for fast and informed decision-making. For the mining industry there are particular modules that are paramount to the sector, including Financial Management (including multi-currency), Project Management and Costing, Asset Management, Maintenance Scheduling as well as Inventory Management and Planning. The software is multi-user, providing insights to anyone, anywhere – with the right information fed to the information needs of specific staff. Pronto Xi is suitable for the diverse mining industry, providing an end-to-end solution, which caters to a site that is in the exploration phase, going through the remediation of a site or aiding the entire life cycle of the project.
Who are some of Pronto Software’s mining customers benefiting from the use of technology?
Pronto Software provides a significant number of mining organisations around the world with a platform to better manage data, gain deeper insights into business operations and embrace mobility. Some of these customers include: Tribune Resources, K92 Mining, Carey Mining and Zara Mining.