Baker Hughes Report | Page 3

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INTRODUCTION

A pivotal moment in mining

The mining industry is undergoing a profound transformation, grappling with a host of challenges while striving to seize new opportunities. From the surge in demand for raw materials supporting the energy transition to escalating cost pressures and a shortage of skills and resources, the industry finds itself at a critical juncture. The drive to net zero and scrutiny of environmental, social, and governance( ESG) practices adds another layer of complexity.
In this dynamic landscape, agility is critical, as is the need to extract maximum value from existing assets and resources. This entails a reimagining of operations, leveraging technology and innovation to drive productivity gains and cost efficiencies.
In this dynamic landscape, agility is critical, as is the need to extract maximum value from existing assets and resources
With advances in data analytics, AI, automation, and the application of emerging technologies, mining organizations can also unlock new opportunities, increase competitive advantage, and chart a course toward a sustainable future.
As a helpful starting point, we unravel the top trends in mining and opportunities to improve asset, process, and sustainability performance.
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CONCLUSION
Global uncertainty and risk of disruption
Surging demand and the need to optimize operations
An aging workforce
New service delivery models
Operationalizing AI and machine learning
Transition to net zero
Achieving agility and sustained value