Digitalization of Mining Enterprise: A Key Factor in Ensuring Economic Security
Year: 2024
Type: article
Abstract: The level of competitiveness of mining companies is primarily determined by productivity and operational excellence. Digitalization is becoming a key factor that enables companies in this industry to remain competitive in the future. In the mining industry, the transition to new and better ways of working has been slow due to the scale and complexity of production processes, as well as the significant costs of modernization. As a result, some enterprises are not actively implementing digital technologies. However, leading global and Kyrgyz mining companies are actively investing in the development of modern technologies in the field of energy and automation in order to increase production volumes, improve environmental efficiency, reduce the use of manual labor, costs and energy consumption. It is obvious that digital technologies open new opportunities for a significant increase in labor productivity and profit growth. The article discusses the main directions of digital transformation of mining enterprises, reveals the key advantages and potential threats. The author analyses both foreign and Kyrgyz examples of effective digitalization in this industry.
Source: Bulletin of Science and Practice
Author: K. Mazirbaev
Institution: Osh Technological University
Language: English
Subfield: Ocean Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4403387576