The rate at which newly commercialized technologies get adopted by consumers is also getting faster, too.. Technological progress is not the only thing rising at an exponential rate. Table 1 summarizes the key issues hindering large scale adoption of drones in the M&M sector. The many improvements mining companies have achieved by harnessing modern technologies include: Improving throughput and recovery. The technology adoption process requires deep mining value chain knowledge to be combined with applied psychology. WHITE PAPER Table 1: Reasons hampering large-scale adoption of drones in the M&M sector Mining operations have already been tweaked with the pre-IoT technology, so any new process must show a significant improvement above the status quo. Anecdotal evidence suggests that a ‘mining technology champion’ is vital. A trusted growth partner for organizations undergoing change. Key Takeaway: Dr. Everett Rogers spent nearly 50 years understanding how people adopt ideas into their lives and was able to identify these key 5 factors that influence technology adoption. Do not miss the tips for better ROI! Mining News: Technology adoption in mining delivers measurable ROI 20 June 2012: Global competitiveness in mining has forced mining operations to look to new technologies in their continual search for ways to cut costs while improving productivity and profitability. The critical role of the mining technology professional. The Rising Speed of Technological Adoption. Support positive change in the communities where we operate. For technology adoption in mining to succeed, it generally has to improve the bottom line or meet a mandated requirement. CONFERENCE. At some mines, advanced analytics systems are ingesting all the data in the concentration environment and using it to improve processes. A leader in digital adoption in the underground mining sector. Some mining companies are apprehensive about the increased upfront cost of operations and are unwilling to change status quo. Featured. The large-scale adoption of four different clusters of technologies is accelerating 2 ... but it is more than mining science fiction—it is the logical end point in a series of technology deployments that mining companies have already initiated. the risk inherent in the technology adoption works against us - Innovations around big data and predictive analytics hold significant opportunities for mining companies, but adoption is difficult because in many cases our underlying processes haven’t been standardised or Safety and cost reduction are mining companies biggest priorities. Apple exploited these to incredible profits. Mining technology aimed at increasing productivity and safety has seen a rapid increase in adoption over the last few years and many of the large mining houses are showing an interest in the significant benefits of automation. Harness technology. Our Team. solutions for their value chains. As the industry is transformed, mining technology professionals are already playing a critical role. Modernisation of the mining industry supports companies for both achievements with more efficiency. As they go hand in hand and here is where it lies the need for a different approach to increase efficiency. The mining industry understands the need to modernise, the move towards adapting and changing a +100 year old industry has been difficult as the industry lacks digital technology in the face of the continuous change brought about by digital and the now imposing Industrie 4.0 (4IR), writes CHANTELLE KOTZE. Meet your P artners in A chieving C hange E xcellence. 2020 Beyond Digital Transformation Conference. Use these as a checklist when coming up with a new product or service and testing with potential users. 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