Industry assets are at the heart of organizations’ production activities. The durability of both infrastructure and industrial assets (buildings, bridges, various networks, tanks, conveyors, crushers, lifting facilities, tailings ponds, etc.) is of paramount importance.
Managers must maintain the overall health of their asset inventory. Extending the life of assets allows to postpone direct investments in the most important ones. The financial pressure naturally decreases over time, thanks to the extension of their lifespan.
The asset management stream of the mining sector’s digital transformation is well under way and very necessary. Whether we consider the issues of productivity, safety, the environment or competitiveness on global markets, several reasons motivate the search for sustainable asset lifecycle management solutions. Fortunately, the accessibility of modern technology performance tools now facilitates their adoption and the achievement of measurable and therefore useful results. This article provides an overview of what digitization represents in an effective asset durability management approach at a mining company.
According to a study published in the Harvard Business Review, 70% of digital transformation initiatives do not achieve the expected results. Companies that have gone through transformation know how difficult such an initiative can be. We anticipate the upheavals caused by change, employee complaints and the exorbitant costs to be incurred. However, the digitization of certain operations is now essential, and the gains from a digital shift are numerous. At Norda Stelo, we believe that the success of a digital transformation lies in five key factors and that, by creating an environment bringing together these winning conditions, your digital transformation will be a success.
Lying just 300 miles off the eastern coastline of South Africa, the island republic of Madagascar is a hidden gem that is better known for its rich biodiversity and paradise beaches than for its industrial potential. There is more to this place than meets the…
With a North American market estimated at $ 4.4 billion by 2025, smart parking is one of the fastest growing in the Internet of Things universe and is widely used around the world. In fact, its return on investment turns out to be much faster than one might imagine.
Cutting-edge manufacturing technologies are developing at an exponential pace, competition on the global scale is creating strong pressure on Québec companies, and the labour shortage is adding multiple challenges related to productivity. Is digital transformation becoming the solution?
The digital transformation of heavy industry and manufacturing companies is a real development opportunity for the manufacturing sector and Québec’s economic growth. As in the case of any transformation, this comes with its share of issues and challenges.