TAMPERE, Finland and ARMONK, N.Y., April 1, 2019 /PRNewswire/ -- Joint clients of IBM (NYSE: IBM) and Sandvik Mining and Rock Technology, one of the world's largest premium mining equipment manufacturers, are tapping the powers of IoT, advanced analytics and artificial intelligence to realize safety, maintenance, productivity and operational efficiency.
The mining and rock excavation industry is under growing pressure to increase the global supply of minerals to meet the needs and expectations of a rapidly rising world population. This often requires extracting from increasing greater depths, which can make it difficult to communicate and act as necessary when equipment fails or needs to be serviced.
OptiMine Analytics transforms data into process improvements via predictive insights and actionable dashboards embedded into operation management systems. Using the analytics capabilities from IBM Watson IoT, this information management solution allows mining companies to combine equipment and application data from disparate sources in real-time, analyzing patterns in the data to help improve availability, utilization and performance.
Through a series of IBM Design Thinking workshops, IBM and Sandvik work with clients to develop a framework to shape offerings around data driven productivity and predictive maintenance. Using the Watson IoT technology, Sandvik and IBM have jointly created a platform able to comply with the stringent reliability and security requirements of mining operations. Predictive maintenance technology leveraging IoT sensor data has also been introduced as part of this platform.
"Sensors and tracking systems for asset management is only the beginning when it comes to how artificial intelligence will disrupt the mining industry," said Jay Bellissimo [pictured], General Manager, Cognitive Process Transformation, IBM Global Business Services. "Creating a solution that turns the data into actionable insights is a delicate matter. It requires an interdisciplinary effort spanning across mining technology, software engineering and data science. IBM and Sandvik are now on course to help transform the mining value chain with the fusion of cognitive capabilities into miners business and operating processes." More...