Industry Whitepaper: IT/OT's Role in a Mining M&A Environment
This whitepaper was written by Leon Cosgrove, Principal Consultant at Wipro Technologies.
The Mining Industry is constantly looking for opportunities to maximise profits and manage risks. Mergers and Acquisitions (M&A) are an important business model in this pursuit. M&A activities provide opportunities for business renewal but at the same time they also throw up many challenges in handling the transition and ownership of applications and technology. For example, carving out application and technology architecture post M&A to suit the new business is a particularly complex activity, given that more and more mining companies are moving to greater Digital Maturity.
Digital Mining is increasingly the new norm in the mining industry. New technology and digital business solutions are being introduced which are changing the integrated nature of mining processes. New capabilities are required in this new mining environment where silos between functions are being removed and integration is becoming the norm. With the introduction of new digital mining paradigm, new technology has to also be integrated with a plethora of legacy applications while the business makes the transformation over time. This situation is especially challenging in an M&A environment.
This informative paper from Austmine member Wipro talks about the role Information Technology (IT) / Operation Technology (OT) departments play in the M&A process, and how System Integration companies can assist. It focuses on the areas needed to ensure a successful integration of a new entity. Too often it is just assumed that the information technology will just work post M&A. Too often, very little effort is placed on analysing and designing just how the new world will look and how the company will transition to the new world over time. This approach unfortunately can be a recipe for disaster.