As the world’s largest mining investment event, Investing in Africa Mining Indaba 2020’s theme focused on optimising growth and investment in the digitised mining economy.
Darren Roos, Global CEO from enterprise software company IFS, believes that systems fragmentation is the single biggest barrier to business transformation and innovation in the mining industry. Most companies have no single source of truth providing timely and reliable data about the business and no single platform to standardise processes consistently across the organisation.
Instead, fragmented software applications landscapes are common. Multiple enterprise resource planning (ERP), enterprise asset management (EAM), project management, and workforce planning and scheduling optimisation systems, and scores of Excel spreadsheets all conspire to hinder business transformation.
But mining is highly asset-intensive, and companies can live or die by the success of their projects. As a result, organisations are often forced to choose between replacing an expensive and heavily customised ERP system or buying additional “best-of-breed” EAM, project management or other applications. While not ideal, the latter is the easier path.
Complicating the situation further, many organisations have multiple, overlapping ERP and other enterprise software systems inherited from companies and operating divisions they have acquired along the way.