target audience: TECH BUYER Publication date: Dec 2021 - Document type: IDC MarketScape - Doc Document number: # US44801120
IDC MarketScape: Worldwide Mining Midterm/Short-Term Mine Planning and Scheduling Software 2021—2022 Vendor Assessment
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Abstract
This IDC MarketScape, part of the IDC Mine Planning and Scheduling MarketScape series, assesses the capabilities and strategies of midterm/short-term mine planning and scheduling software vendors utilized in the mining industry to ensure mining operations are adhering to their life of mine plans and optimizing their planned output. The tools utilize geological block models and equipment-specific characteristics to design plans and schedules to optimally mine the recoverable ore while maximizing profits with the operational equipment on hand. The software can utilize Internet of Things (IoT), artificial intelligence (AI), and cloud for optimization and rapid processing capabilities.
"Developing midterm/short-term mine plans and schedules is critical to ensure your mining activities are aligned with your maintenance plans and production expectations. Similarly, the plans ensure you remain on track to meet your life of mine organizational objectives," says Ben Kirkwood, senior research manager, Worldwide Mining, IDC Energy Insights. "Utilizing tools that optimize for multiple parameters will ensure that your operation will remain competitive throughout its life," adds Kirkwood.