Measured Group & Avantix are Digitisation Leaders in the #1 Global Mining Trend

Measured Group embrace Deloitte’s top trend in global mining of adopting digitisation by working with Avantix to adopting digitisation to transform mining geological dark data into gold.

Murarrie, Australia - September 13, 2018 /PressCable/ —

Digitisation has been named the top trend set to shape mining in the year ahead. The Tracking the Trends report, by Deloitte Touche Tohmatsu Limited, authored by Philip Hopwood, Global Leader – Mining, lists digitisation above other vital priorities such as water management, the image of mining, changing shareholder expectations and looking to commodities of the future.

“The last 10 years have seen the rollercoaster of highs and lows in the mining sector continue,” outlines Hopwood in the report’s introduction. “During this time, we have seen an emergence of innovative companies adopting transformative practices.”

Measured Group, a mining consultancy specialising in geological modelling, resource estimation, mine planning, exploration services and geotechnical support, have already put into practice changes that the Deloitte report stresses are necessary: “To thrive amid this volatility, companies must rethink the traditional mining model.”

Digitisation has enabled Measured Group to mine data with a depth and efficiency that was not previously possible. This is especially so with previously collected data; paper-based data which is often poorly stored and archived.

“This becomes dark data,” says Measured Group Principal Geologist, James Knowles. “Incredibly valuable, but hard to access. Once paper copies are located, digitisation is needed to power analysis. Without digitisation, analysis is time-intensive, costly and fraught with the potential for error.”

A recent Measured Group project, for a mid-tier Australian-based operation, saw archive boxes filled with data found hidden in the back of a shipping container. “There are very few mining projects where there aren’t issues of missing data,” says Knowles. “Prompted by our questioning, a treasure trove of existing and reliable geological information was able to be used for a fraction of the cost of re-drilling.”

Bringing hard copy-based dark data into the light is the first step in the process. The next step is digitisation. “Geological models are produced from painstaking digitisation and incorporation of LAS data into geological databases,” says Knowles. “Plans, maps, down hole geophysics, and drill-log information can all be accessed through text recognition software. LAS data, ready for importation into modelling software, can be extracted and used.”

Accuracy and efficiency are key results of digitisation. “Digitisation allows you to do the job at a higher level in faster time,” says Knowles. “I estimate that productivity has increased by 30-50%.”

This means more accurate forecasting in order to drive decision making. “This data sets mining companies up to make good decisions about strategy at a fraction of the cost,” says Knowles. “All subsequent decisions are based on the accuracy of the data provided.”

Knowles’ words echo those of Hopwood in the Deloitte report – the tenth such report produced over the past decade: “…the real value comes from unlocking the insights within this data. To do so, companies must rethink the way they generate and process information,” the report reads. “Change is coming and mining companies must find ways to remain relevant.”

The report outlines the choice faced by Measured Group at the outset of their digitisation revolution: “It’s up to individual companies, however, to determine the best operating model for realizing this vision. While some organizations are building in- house analytics capabilities, others are outsourcing their data analysis to third-party partners.”

Measured Group made the decision to follow the latter option. Says Knowles: “We don’t attempt digitisation ourselves, we go straight to Avantix.” By partnering with Avantix, Measured Group are assured of expert digitisation services that are customised to be fully integrated with existing systems and software.

Persons interested in learning more about Avantix’s professional scanning services for mining or other industries can visit the website at www.avantix.com.au

Contact Info:
Name: Duncan Lord
Organization: Avantix
Address: Unit 3, 20 Smallwood Place, Murarrie, QLD 4014, Australia
Phone: +61-1300-751-695

For more information, please visit https://www.avantix.com.au

Source: PressCable

Release ID: 407433