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Summary: The mining industry is going through a bleak phase. According to a World Economic Forum report – ‘Digital Transformation Initiative Mining and Metals Industry’, sluggish global demand growth, cost volatility, increasing resource nationalism & regulation coupled with workforce skill gap and low productivity has resulted in a steep decline of profit margins. With no signs of changing trends, mining companies are increasingly under pressure to optimize operations & reduce costs.
In this presentation, we explain the 4 factors that are driving digital transformation in the mining industry and how they help achieve operational excellence.