249 equipment . But contrary to what you might imagine the mining industry ’ s investment in R & D at around 0.2 % of revenues has been small in comparison to comparable global cross industry enterprises where 1-10 % is not uncommon .”
Further , Imvelo ’ s founders feel that productivity data is not sufficiently discussed across the industry . Reductions in unit cost , increases in volumes are the outcomes being sought while their relationship to capital investment and enterprise-wide sustainability is not well analysed .
Traditionally , says Bye , miners invested capital in infrastructure to achieve volume growth , but many technology efficiencies that come at a much lower level of investment can initiate and sustain longer term growth . Herein lie the big opportunities they see for integrated technology driven by data .
They are not talking about point solutions . “ You can buy off the shelf technology today that allows a truck to run in an automated fashion , and that is mostly what the industry has been pursuing ,” resumes Glover . “ That approach delivers safety gains by
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