{"id":81474,"date":"2023-06-21T02:30:37","date_gmt":"2023-06-21T02:30:37","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81474"},"modified":"2023-06-27T06:35:26","modified_gmt":"2023-06-27T06:35:26","slug":"setting-the-stage-for-success-in-mining-4-0","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/setting-the-stage-for-success-in-mining-4-0\/","title":{"rendered":"Setting the Stage for Success in Mining 4.0"},"content":{"rendered":"

As the Industrial Revolution 4.0 engulfs Australia, businesses are gearing up for the inevitable. <\/span>Net Zero and 4.0 will require wholesale changes to the nation\u2019s industrial sectors. <\/span>And these changes will encompass digital transformation and adoption through new, improved processes and operational techniques.<\/span><\/p>\n

4.0 is not about \u2018if\u2019 but \u2018when\u2019.\u00a0<\/b><\/p>\n

Digital transformation refers to how companies adopt and integrate digital technology into each aspect of their business.<\/span><\/h3>\n

As one of the country’s largest sectors, employing vast numbers of people and on the cusp of a new critical minerals boom, Mining 4.0 will set the stage for the future success of Australia\u2019s resources industry.\u00a0<\/span><\/p>\n

However, companies are now faced with an imposing set of challenges if they are to maintain a license to operate. <\/span>Under rising public pressures, and their own high standards and progress goals, miners must let go of the past to embrace everything that the future holds.<\/span><\/p>\n

Industry 4.0, or the fourth industrial revolution, is the advancement and optimisation of computing technology introduced in the prior (third) revolution.<\/span><\/h3>\n

So let\u2019s dive into Mining 4.0 and look at what’s in store for one of the major engines of Australia\u2019s economy.\u00a0<\/span><\/p>\n

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A Change at the Coal-face of Mining<\/strong><\/h2>\n

Miners now operate under close scrutiny and the watchful eye of investor groups who consider Environment, Sustainability and Governance (ESG) a top priority.<\/span><\/p>\n

ESG compliance and acceleration have become the benchmark rather than a box tick.<\/b><\/p>\n

Simply put, ESG for miners is no longer an option but a minimum operating standard. <\/span>Added to this is the global push for net zero carbon emissions, something which weighs heavily on the resources sector as traditionally heavy polluters.<\/span><\/p>\n

Industry 4.0 is a merging of the physical and digital worlds through technology, including:<\/b><\/p>\n