Codelco and Microsoft sign digital transformation agreement

Codelco, the largest copper producer in the world, seeks to continue contributing to the development of Chile for 50 more years and the objective of this agreement is to deliver value to its mining business processes. The agreement is included in Microsoft Chile's Transforma Chile #ReactivaciónDigital plan that seeks to contribute to the digital transformation and economic recovery of the country.

“We are strengthening the quality and efficiency of the processes. We promote profound changes so that different areas operate in a completely remote and automated way, reducing risks, improving the productivity, safety, and reliability of our operation. In this sense, collaboration with a company With Microsoft's experience, it opens up promising development possibilities,” says Álvaro García, Vice President of Technology and Automation in Business Processes at Codelco.

The agreement includes various initiatives, including the application of advanced analytics tools that will allow streamlining a line of action that the state company has already installed with encouraging value capture results, an objective that could be accelerated with the new participation of Microsoft.

The joint work that both companies plan to carry out for the future is framed by three main pillars: Advanced Analytics, Migration Infrastructure, and Digital Academy. The latter is a learning instance for Codelco workers, which seeks to strengthen a digital culture within the copper company. Microsoft will contribute to this initiative by providing key technological knowledge so that they can face the challenges of the Fourth Industrial Revolution.

“This agreement is part of our commitment to support the economic reactivation of the country with our Transform Chile plan. The cloud and artificial intelligence (AI) have the potential to promote development and economic recovery in our country and make technologies available to all sectors. innovators, such as cloud computing and AI, thus contributing to the development of Chile. Along with technology, it is key to train employees for their own development and growth within the framework of this transformation. I am proud to be able to work with Codelco in transforming the sector also training its people in new skills,” commented Sergio Rademacher, General Manager of Microsoft Chile.

Finally, this joint action will also address sustainability and how to optimise the processes of the state company, using technology and digitisation, bearing in mind technical, social, economic, and environmental considerations.

This collaborative initiative does not constitute an investment commitment and can be terminated by the sole agreement and/or will of one of the parties.

Read the article online at: https://www.globalminingreview.com/finance-business/26052021/codelco-and-microsoft-sign-digital-transformation-agreement/