Preventing equipment failures and reducing unplanned maintenance is critical to productivity and the bottom line. Mining is equipment intensive; the equipment is expensive to maintain, operate and replace. This cost of unplanned downtime is a major reason why waiting for assets to fail is not an option in the mining industry.
So how do you reduce the chance of unplanned equipment failure, reduce operating cost, extend component life? Some mining operations are turning to IoT or IoE enabled predictive maintenance.
What are IoT and IoE?
The Internet of Things (IoT) allows for communication between people, processes and things. Wikipedia defines it as, “The Internet of things (IoT) describes the network of physical objects, so known as, “things” — that are embedded with sensors, software, and other technologies that is used for the purpose of connecting and exchanging data with other devices and systems over the Internet.”
The Internet of Everything is a concept first created by Cisco. Cisco defines the Internet of Everything (IoE) as “the networked connection of people, processes, data, and things. The benefit of IoE is derived from the compound impact of connecting people, processes, data, and things, and the value this increased connectedness creates as “everything” comes online.”
IoT and IoE are often interchanged, but Cisco describes them differently. For example, IoT is described as a single technology transition, while IoE comprises many technology transitions (including IoT).
Predictive Maintenance and IoT?
Predictive maintenance is an effective maintenance strategy that forecasts machine failure and helps identify underlying problems that need to be fixed. This strategy combines sensor data and information about the equipment to predict failure.
How does this work in practice?
DINGO uses a unique combination of people, technology, and data to provide actionable insights that improve asset health, increase productivity, and extend asset life.
With Trakka’s seamless integrations and in-field data collection capabilities, all real-time and batch condition monitoring data can be ingested into one platform and analyzed simultaneously. In addition, pre-configured interfaces are used to connect with your existing data sources and IT infrastructure.
Listening to Assets
Trakka uses a state-of-the-art predictive analytics platform to analyze and correlate all the incoming data, including:
- Onboard sensors
- Machine operating data
- Fluid analysis
- Visual inspections
- ERP work history
Proven Technology and Human Expertise
Trakka detects anomalous behavior that possibly indicates a fault; it diagnoses the problem and determines the corrective actions to rectify the upcoming issue. Our Condition Intelligence™ experts then blend the analytics with their expertise to prescribe the maintenance actions to keep your fleet operating at peak performance.
The Impact of IOE for Mining Companies
Currently, many mining operations use a reactive maintenance strategy where assets are pushed to failure. Unfortunately, a reactive maintenance strategy reduces asset health and life and can be incredibly damaging to the bottom line for any operation.
Predictive Maintenance and IoT with DINGO can improve availability and component life by up to 15%. And a recent study by Accenture and GE found that predictive maintenance can generate a 30% reduction in maintenance costs and as much as 70% cut in production downtime.
Contact DINGO for a brief Asset Health Consultation or use our Savings Calculator to estimate the annual savings that your operation could achieve with DINGO’s industry-leading predictive maintenance solutions.