by Tumi Frazier, founder of Tumi Frazier International
With intensifying competition, technological innovations, increasing customer expectations and declining resources, entrepreneurs are expected to produce more – faster and better, with less. Today’s entrepreneurs are faced with new expectations and shifting priorities more now than ever before; which means we have to change how we conduct business.
These are some of the topics we cover in the High Growth Women’s Accelerator and since we have women in mining, freight and logistics, one of the master classes is focused on disruptive innovations in the mining and logistics sectors. It is encouraging to see Africa following the rest of the world in adopting various disruptive technologies in the mining sector; because without significant changes in the mining methods in South Africa in particular, the end is in sight.
South Africa is conducting research into smart surveying, mapping systems, energy savings, smart rock-engineering systems and data processing. In fact a 40cm prototype equipped with video camera is currently under development in South Africa to operate in the tunnel. This camera will be used to inspect areas that are difficult to reach by human and provide underground images. Unmanned drones, electronic blasting systems and driverless trucks are spearheading the rise of the intelligent mine; where real-time data informs automated responses and removes the risk of human error and fatalities. The drones allow mining companies to survey new areas and provide better results at a fraction of the price.
Volvo recently launched a self–driving truck that is able to navigate and operate entirely autonomously both above and below the ground. The truck uses sensors and GPS technology to continuously read its surroundings, navigating obstacles while gathering data. These radical innovations are not only focused on technologies but include agile business models that are certainly changing the mining landscape. In fact, there are new business models in freight movement, including truck platooning and central data analysis. Truck platooning is when two or three trucks linked in close convoy through connectivity technology and automated driving support system. These trucks share communication link that allows them to match each other’ speed and braking automatically, this is the first move towards driverless trucks.
According to Canada’s University of British Columbia, when applied to mining operations, driverless technology can bring about 10 - 15% decrease in fuel consumption, 8% decrease in maintenance costs and 15 – 20 % increase in output including decrease in labor costs.
So, it is not business as usual, the world is changing rapidly. The question therefore has to be, is your business agile enough to adapt?
Tumi Frazier is a South African entrepreneur, professional speaker, author, TV personality, consultant, and founder of Tumi Frazier International, Tumi Leadership Academy, and Tumi Foundation. Tumi is an internationally acclaimed Leadership and Change Management expert who has worked with high profile clients and organizations across Africa, United States and Europe. Tumi has authored 4 books: Courageous Stories of Inspiration; In the Midst of the Storm; Stepping Stones to Success; and Your Moment. Follow Tumi Twitter | LinkedIn
Read more articles by Tumi....