Successfully implementing an IoT solution in the mining industry: A case study by talpasolutions

Downtime in the mining industry can cost up to $187,500 per hour, resulting in over $200 billion in annual losses. Maintenance costs can account for 30 to 50% of a mine’s total operating costs. To address these issues, mining companies are focusing on improving maintenance operations by reducing the Mean Time to Repair (MTTR) and increasing the Mean Time between Failure (MTBF) of their equipment. In this article you can unlock the secrets to revolutionizing maintenance operations in the mining industry, and explore TALPA’s innovative, agnostic, and affordable digital solution that uses high-definition machine data to enhance decision-making while eradicating human errors.