IBM has announced the availability of an optimization (planning /scheduling) solution related in mining (Mine-to-Ship) for addressing contractual fulfillment with appropriate process/asset constraints. Additionally, the company announced new exploration technologies using geospatial modeling and seismic imaging to improve capabilities at finding remote fields and new mines. IBM also stated that new mathematical algorithms and modeling ideas were developed to enhance recovery and extraction techniques. Further, IBM also announced its predictive asset management solution for capital intensive industry like mining supporting the optimization solution
With rapid growth seen in the natural resources industry, especially oil and gas as well as metals and mining, IBM’s centre of excellence for natural resources combines expertise from across several departments to extend these technology solutions to help companies ensure greater organizational efficiency, agility and resource utilization. The solutions have already been deployed successfully in companies across the world. The IBM centre of excellence for natural resources team works in such areas as computation geosciences, integrated operations with high performance computing and management, optimization solutions, asset management, and streaming analytics.
IBM is working with clients in the industry, filling the critical gap in providing smarter and integrated industry solutions that address unique imperatives of the natural resources industry, making use of its in-house research capabilities, state-of-the-art technology solutions, and deep consulting experience to offer sustainable opportunities to the industry. These opportunities help optimize operational performance and health, safety, and environmental solutions with high reliability and availability.
Speaking about IBM’s big bet on natural resources, Venkataraman Neelakantan, Industry Leader, Manufacturing & Natural Resources, IBM ISA said, “Working with companies in this industry, we have seen an increasing need for maximizing sustainable and value based engagements. The limited supply of natural resources coupled with increasing demand is a key driver for new technologies in this industry. The scale of this industry is so vast, that a fraction of a percentage improvement in any single area can yield a benefit in hundreds of millions or billions of dollars.”