Markets & Markets (M&M). The connected mining market size is expected to grow from $3.84 billion in 2015 to $9.98 Billion by 2020, at an estimated compound annual growth rate of 21.0% during the forecast period, according to M&M. What is a Connected Mining? Connected mining refers to the use of technology to achieve better productivity and safety, as well as reduce operational costs for a mine site. It includes remote-controlled robotic machinery for mineral extraction, which is referred to as telerobotic mining and reduces the risk for miners, according to research house Technavio analysts. The deployment of smart mining solutions helps mining companies to minimise their labour expenses and increase the production efficiency by real-time monitoring and communication. What are the benefits of a Connected Mining: Cisco
- Enhance production efficiency and reliability by tracking every aspect of mining operations, from pit to port.
- Protect workers through location tracking, remote operations, and monitoring of hazardous work areas.
- Boost productivity by sharing information across all processes and business applications.
- Reduce risk, improve compliance, and enhance security with environmental, physical, and cyber safety measures.
- Reduce production costs with real-time visibility of assets that identifies potential issues early, helping extend asset life.