How metal and mining industries can strengthen digital culture to build lean and agile organisations
Digital transformation, accelerated by the novel pandemic, has revolutionized how businesses operate across many industries. Metal and mining, despite being an asset-intensive industry, is no exception. While many CHROs already had digital adoption plans before Covid-19 struck, the pandemic accelerated that change, creating a wave of digital-first approaches across organizations. Additionally, technological advancements such as big data, AI , machine learning, automation, and IoT are catalyzing Industry 4.0. Those that embrace digital-first culture will stay ahead of the curve and gain a competitive advantage. The Digital Revolution in the Metal and Mining Industry The adoption of the technology enables boosting productivity, cutting costs, improving safety, and enhancing employee welfare. Despite its significant benefits, the mining industry is roughly 30 – 40% less digitally mature than other industries, such as automobiles. Some of the reasons contributing to this relaxed...