Infographic: The Industrial Internet & the Revolution in Mining

Mining and Exploration
18/11/2015 11:59

GE Digital has created an infographic, “The Industrial Internet in Mining”, with a view to how it is revolutionizing the mining industry. The Industrial Internet is the convergence of the global industrial sector with big data and the internet of things. The result of this convergence is estimated to be up to a $15 trillion increase in global GDP over the next 20 years stemming from smarter decisions, optimized performance, higher productivity, and substantial savings in fuel and energy. Major mining companies have all started to incorporate big data into operations through the industrial cloud. This allows them to avoid unplanned downtime, to act in the best interest of shareholders by converting insights into outcomes, and to use the best available technology. Using predictive analytics and process optimization, the industrial internet can save miners millions of dollars each year.