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September 2022 - Industrial

Three-quarters of senior mining professionals believe mining CEOs have not made provision for a digital strategy: A survey of senior mining professionals has revealed that 77% believe that mining CEOs have not made provision for a digital strategy, which is resulting in the sector lagging behind when it comes to digital and data transformation.

The study, titled, Mining, the Digital Revolution, revealed that few CEOs had implemented data analytics strategies, this is despite more than one in three respondents believing that most CEOs "acknowledge the importance of data".

The survey by data enablement software company, WCKD RZR, and mining executive search and recruitment consultants, Stratum International, surveyed senior mining professionals in 57 countries as part of the report.

It highlighted that according to current data, natural resources industries around the world are 30 to 40 percent less 'digitally mature' than other comparable industries.

Chuck Teixeira, founder and CEO of WCKD RZR, said: “What’s apparent from our survey is that mining is falling behind. The sector is failing to dig a gold standard digital future for itself, which will impact livelihoods, competitiveness, and profitability.

“One of the key reasons is that the sector has not made sufficient space for digital and data technology experts within its structures. Mining companies are also falling behind the curve in extracting and using the data they have to transform efficiency and productivity.”

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