Using data driven insights to improve the decision-making process has been one of the biggest trends in the mining industry over the past few years and it will continue to be a strategic priority for mining companies going forward. Understanding the role data plays at both micro and macro levels can assist in unlocking value for the business.
Whilst data collection on site is important, what happens with that data next can sometimes be a challenge. Many tools exist to help management with analysis, modelling and reporting in order to realise the value in their data. Pitram’s Online Analytical Processing (OLAP) tool is an example of this type of technology.
Pitram’s OLAP Analysis module provides users with the necessary tools to perform multidimensional analysis of operational mining data. OLAP is a powerful technology used across various industries for data discovery, reporting, complex analytics and predictive forecasting. With mining companies required to manage large and very complex data sets, this type of technology can provide enormous value to a mining operation.
The Pitram OLAP Analysis module is an extension to the wide array of standard reports that come ‘out of the box’, OLAP provides the ability for users to further slice and dice their data.
OLAP technology has been integrated into the Pitram solution to assist mine sites to understand their key mining data and improve business intelligence. Multidimensional analysis, complex calculations, trend analyses, and sophisticated data modelling can be applied through the OLAP Analysis module.
Pitram Product Strategy Manager Gareth Dean understands the importance of this type of technology in the mining industry.
“Understanding and managing minesite data can be a challenge, the Pitram OLAP module assists mine managers, engineers, geologists and analysts to perform data analysis and provides them with the insight and understanding they need for better decision making,” he said.
The benefits of the OLAP Analysis module for Pitram users are significant. Multidimensional analysis, trustworthy data and calculations, self-service reporting and the ability to manipulate data to identify areas of improvement assist management to increase business intelligence and improve the decision-making process.
“Having a fully dedicated and integrated OLAP Analysis module within Pitram makes it easy for users to access their key mining data relating to equipment, minesite personnel and materials. Users of the Pitram OLAP Analysis module can leverage the large amounts of data collected on site to improve key focus areas such as production, safety and mine planning,” Dean added.
The OLAP module can also easily aggregate data from 3rd party sources such as Microsoft Excel and OEM systems. Utilising a familiar tool like Excel, provides a level of confidence in data delivery.
Pitram's sophisticated yet intuitive functionality makes it ideal for any mining environment. It has been implemented at more underground sites than any competitor product and is increasingly popular with sites using automated practices. The Pitram solution is backed by a global team of experienced technical specialists who work closely with Pitram users to ensure they get the most out of their software investment.
Read the article online at: https://www.globalminingreview.com/product-news/27092018/using-data-driven-insights-to-improve-mine-decision-making-processes/