Baker Hughes Report | Page 5

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01

Global uncertainty and risk of disruption

Economic and geopolitical conditions have put inflationary pressure on profits and created a number of challenges for those operating in the mining industry. These include shortages in raw materials and energy, high labor and transport costs, and logistical constraints. In addition, there are risks associated with climate change and extreme weather events, as well as cyber threats that can thwart or halt productivity.
To thrive amidst this uncertainty, mining organizations need data, robust process and automation to make efficient and effective decisions about how to respond to these challenges. They also need the agility to quickly adapt their operations so they can manage cost and risk while continuing to achieve production targets.
An integrated approach to asset management can help organizations navigate uncertainty by bringing together siloed functions and data and driving continuous alignment between asset strategies and changes in operating environments.
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TREND 1
Global uncertainty and risk of disruption
TREND 2
Surging demand and the need to optimize operations
TREND 3
An aging workforce
TREND 4
New service delivery models
TREND 5
Operationalizing AI and machine learning
TREND 6
Transition to net zero
CONCLUSION
Achieving agility and sustained value