Achieving the Benefits of Information Technology in Surface and Underground Mining Processes

- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 8
- File Size:
- 51 KB
- Publication Date:
- May 1, 2002
Abstract
Information technology (IT) initiatives in the past have tended to be sold on their ability to maximize resource output and return on capital by using assets more effectively and efficiently. Many IT projects fail, not delivering return on their investment. This is known in the IT industry as the ?productivity paradox,? where increasing investments in IT do not result in comparable increases in productivity. Experiences and studies of most business sectors reveal that this paradox is rooted in the false assumption that more IT spending automatically results in financial benefit, whereas the true source of benefits is in how effectively IT is used. Most business sectors have accepted that the reengineering of processes is required to gain the full benefits promised of IT. A mining operation has organizational processes similar to most business sectors but unique operational processes. The lessons of changing business practice in more common business processes such as inventory control and customer-supplier relationships can be adequately transposed into a mine. The unique operational processes in mines, in turn require unique redesign efforts. Several enabling information technology opportunities have recently become available, such as more integrated mine production management systems and tactical manger training simulators. This paper reviews the latest IT products and ou lines the processes and kinds of change that will be required in order to benefit from these new investment options.
Citation
APA:
(2002) Achieving the Benefits of Information Technology in Surface and Underground Mining ProcessesMLA: Achieving the Benefits of Information Technology in Surface and Underground Mining Processes. Canadian Institute of Mining, Metallurgy and Petroleum, 2002.