ARC has been tracking the digital transformation initiatives of companies by conducting surveys and analyses for the last 5-7 years. All this information has been collated and the Top 25 global industrial digital transformation leaders, across multiple industries and geographies, have been identified.ARC’s Industrial Digital Transformation Top 25 reporthighlights companies that are successfully integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to their customers. Smart mining at Rio Tinto is truly transformative and earns it a place in the Top 25.
The tidal wave of digital transformation has restructured global industrial operations. In a pandemic-affected world, digital transformation has moved beyond the “nice to have” boardroom jargon to a “must-have” imperative. Organizations were forced to adapt with agility and flexibility to this new normal and accelerate industrial innovation. Established practices and business models were disrupted and destroyed, but destruction led to reconstruction and new ways to resolve challenges.
Defining “digital transformation” is complex as it encompasses the gamut from technologies, processes, and collaboration across teams and geographies. ARC Advisory Group defines digital transformation as: “The integration of digital technology into all areas of business, fundamentally changing the way companies operate and deliver value to customers. The organization is typically charged to innovate and improve across multiple dimensions such as digital/disruptive technologies, culture and leadership, operational agility, workforce engagement, customer experience, environmental, social and governance, and competitive performance.”
This is the 25th in a series of blogs on the leaders in the digital transformation space.
Smart Mining at Rio Tinto is Truly Transformative
Rio Tinto'sMine of the Future program aims to equip frontline employees with intelligent tools that allow them to make decisions that improve performance based on contextual knowledge. Rio Tinto’s approach is multi-faceted, meshing
在技術、employees, and partners. The company has partnered with Caterpillar to supply and support mining machines, automation, and enterprise technology systems. Automation augments the job of the human and creates opportunities for staff to develop their skills to support a digitally transformed company.
Fully integrated mine operation and simulations systems fueled by digital twin technology and artificial intelligence combine data from actual processing plants with historical information. This gives the team in the field and at remote operations centers the ability to access the same information and make decisions in a fraction of time - sometimes a matter of minutes vs. hours or days. Business outcomes are measured through enhanced safety and productivity, which turns into profits. Smart mining is truly transformative, using information, autonomy, technology to obtain enhanced safety and productivity while reducing costs.
Going Forward
The prevailing philosophy behind digital transformation has been that this transformation naturally translates to success. ARC will continue its research in all areas related to digital transformation to learn more about what is working – and what isn’t – as companies pursue their unique digital transformation activities. The Industrial Digital Transformation Top 25 report will be published annually. With this being the first issue, your feedback is very important to investigate new approaches and measures to adjust our methodology, identify successful digital transformation initiatives, and help the industry as a whole digitally transform. To download the final report, please clickhere.