While mining companies are exploring the integration of data analytics and other artificial intelligence (AI) systems into their operations, job-loss concerns, compounded by cybersecurity concerns, cloud the cost-effectiveness and optimisation benefits of Fourth Industrial Revolution (4IR) technology, says consultancy firm World Wide Industrial and Systems Engineers MD Muhammad Ali. Generally, the mining industry is investing heavily in technology, such as data analytic tools, advanced systems and industrial control system apps, to reduce all-inclusive costs and optimise profits.
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