According to the IDC Technology Spotlight, Schneider Electric’s EcoStruxure platform combined with AVEVA’s digital mining and metals transformation solutions can provide the operational and organizational insight required to make sustainable operations and improved decisions through the collection and analysis of data.
Global decarbonization is heavily reliant on the sustainable production of minerals and commodities. A thriving and healthy mining and metals sector is crucial for the global economy and to support the innovation of new technologies and materials needed for climate change reduction, environment protection, and the circular economy, the companies said in a joint release.
Schneider Electric and AVEVA are assisting operators and managers make informed sustainability choices to position organizations to tackle some of the challenges associated with adopting sustainable practices, potentially resulting in reduced operating costs.
According to an IDC Technology Spotlight, sponsored by AVEVA and Schneider Electric, Transitioning to Sustainable Mining, Minerals and Metals Practices, the top three market pressures driving the sustainability agendas of mining and metals organizations are the need to improve brand equity; reduce the risk of an adverse event and ensure compliance with current and future regulations
“Technology has a critical role to play in supporting mining companies,” Ben Kirkwood, senior research manager, IDC Energy Insights – WW Mining said in a media release.
“Efforts to hit sustainability targets and gain greater visibility and control over operations will enable corporate insight and action relating to energy, water usage, and management of the operational environment,” Kirwood said.
“IDC’s global analysis of the revenue growth and profitability of industrial companies shows that those with a committed and ongoing sustainability-based strategy combined with a long-term, funded, digital transformation agenda considerably outperform their competitors.”
Digitalization underpins mining sustainability
The IDC Technology Spotlight also reinforces the fact that as the industry continues to experience backlash from its perceived stagnant position on sustainability, platforms with added analytics are enabling improved operational efficiencies while enhancing the visibility of the changes being made.
“Digitally integrated operations can address key areas of an organization’s sustainability agenda by combining power and process intelligence and controls,” said David Willick, Schneider Electric’s VP North America, mining, minerals and metals segment.
Willick noted that digitalization is a critical evolution for the resources industry, and said Schneider Electric and AVEVA partnered to marshall the power of connected systems and human insight to bring operational performance to its highest level.
“Although the benefits of digital transformation are crystal clear, the mining industry has thus far been limited by legacy infrastructure, data inadequacies, and piecemeal optimization programs,” Martin Provencher, AVEVA’s industry principal, mining, metals and materials, said.
“Increasingly virulent cyberattacks and a growing mandate for decarbonized minerals have further emphasized the importance of having high data availability and embracing a secure, cloud-first approach to visualize and contextualize enterprise-wide processes across global operations,” he said.
Some key takeaways from IDC Technology Spotlight are here.