The Elements of Innovation Discovered
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Newmont Corp., the world's largest gold mining company, has forged a partnership with Dingo, the global leader in predictive maintenance, to ensure the optimal health of Newmont's fleet of heavy equipment without putting equipment out of commission for time consuming and often unnecessary preventative maintenance checks. Newmont is among the many global mining companies that are increasingly turning to predictive maintenance devices and software to track the health of equipmen...
The cost savings offered by artificial intelligence-powered predictive maintenance, compared to standard preventative maintenance, is a game-changer for mining and other commercial enterprises. "Reactive maintenance costs enterprises billions each year in lost production. The ultimate goal is not to replace machines or parts too early but service them at the right time," said Vankata Naveen, disruptive tech analyst at GlobalData. "This can be done optimally using AI-powered...
RIO Analytics and OneWatt, innovative companies showcased in the Prospect Mining Studio cohort, are taking unique approaches to a fast-growing mining technology, shifting from the old method of preventative maintenance to a future of artificial intelligence-enabled predictive maintenance. Arnhem, Netherlands-based OneWatt is utilizing AI for predictive maintenance in a remarkably interesting way, through sound. Predicting and detecting faults in industrial equipment, OneWatt...