In order to improve organizational efficiency and optimize resource utilization, IBM has announced the availability of an optimization (planning /scheduling) solution Mine-to-Ship related in mining designed for addressing contractual fulfilment with appropriate process/asset constraints.
Additionally, the company announced new exploration technologies using geospatial modelling and seismic imaging to improve capabilities at finding remote fields and new mines. IBM also stated that new mathematical algorithms and modelling ideas were developed to enhance recovery and extraction techniques. Further, IBM also announced its predictive asset management solution for capital-intensive industry like mining supporting the optimization solution.
IBM’s Centre of Excellence for Natural resources combines expertise from across several departments to extend these technology solutions to help companies ensure greater organizational efficiency, agility and resource utilization. The solutions have already been deployed successfully in companies across the world.
Venkataraman Neelakantan, Industry Leader, Manufacturing & Natural Resources, IBM ISA, said, Working with companies in this industry, we have seen an increasing the need for maximizing sustainable and value-based engagements. The limited supply of natural resources coupled with increasing demand is a key driver for new technologies in this industry. The scale of this industry is so vast, that a fraction of a percentage improvement in any single area can yield a benefit in hundreds of millions or billions of dollars.
IBM is working with clients in the industry to address unique imperatives of the Natural Resources industry. These opportunities help optimize operational performance and health, safety, and environmental solutions with high reliability and availability.
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