Industrial Internet of Things IIoT is the application of IoT to the manufacturing Industry. “70% of Mining businesses say IIoT is essential to gaining a competitive edge”. Mining industry stands to make some strategic gains when it integrates IIoT applications into operations. This is because the Industry is extremely competitive due to the scarcity of resources especially labor resources. Such scarcity becomes even more pronounced in developed countries where labor charges are significantly higher than in developing countries. Automation of processes and improved asset utilization due to IIoT integration lead to optimum utilization of resources that ultimately leads to lower operating cost. Mining firms which produce the same output through minimum factor cost can make higher profit margins.
Since Pumps constitute a considerable chunk of mining operations, we would like to emphasize on how IIoT software can help improve mining pumps to give significant benefits. Mines utilizes a wide variety of Pumps such as centrifugal pumps, Slurry pumps, submersible pumps, magnetic drive pumps, borehole pumps, self-priming pumps, diaphragm pumps depending on the application and nature of the fluid being transferred. At the same time, one of the significant contributors to higher costs in mining is again Pumping solutions. Pump maintenance and failure are substantial contributors to overhead costs in mining. Some of the reasons why machine performance of pumps can be poor in a mining environment are:
Mining Pumps deal with many volatile liquids such as water rich in emulsified brine phase, iron, sand, pyrite and more. The corrosive nature of such liquids can lead to abrasion and damage of pumping equipment.
In mining applications, most pumps are used to pump substances that are rich in solid particles which again leads to abrasion and damage that further leads to equipment downtime thus decreasing asset utilization.
Due to low levels of water in the liquid being pumped, pumping equipment often suffers damage due to overheating.
Keeping these points in mind, the Mining Industry increasingly realizes the benefits of moving to Intelligent monitoring of pumps. IoT solutions can not only prevent equipment downtime of pumps but can also bring numerous other advantages
Huge amounts of data are generated and collected daily by sensors installed in Pump Monitoring System. Cloud based platforms help process this data quickly and efficiently.
Mining Industry, as well as Pump manufacturers, can ensure that the users can derive maximum utilization out of each pumping unit by integrating IIoT Software with it. IIoT helps automate several processes such as detailed reports on unit performance under various conditions. This helps save several man-hours that would have been otherwise wasted in creating such reports to improve asset utilization too. The high degree of accuracy, in terms of utilization, helps mining businesses have a better understanding of their operating efficiencies so that they can find ways to optimize asset utilization.
Electricity costs contribute to 40% of the total cost of ownership of a pump. IIoT Pumping solutions provide equipment manufacturer as well as the user with detailed electricity and resource consumption trends. At the manufacturing end, such information can be utilized to install features in the design and functionality of the product to minimize energy consumption. For mining firms internet of things iot integrated pumps can help save energy and operation cost because of real time data reporting.
With so many advantages it is only a matter of time that IoT monitoring system for smart pumps become more commonplace in the mining industry. According to a research, the Internet of Things (IoT) will play a critical role in helping mining businesses to increase the level of automation and improve production efficiency, enabling them to compete with rivals operating in lower cost markets. 41% of mining firms reported that they would use IoT to increase the automation of business processes, and 44% said that it would help them to identify cost savings and efficiency opportunities.
Keeping these figures in mind Mining Pump manufacturers can tap a relatively untapped sector of the market by collaborating with software solution providers to create Intelligent monitoring for Pump Mining industry. To know more about how such software can be developed, you could drop us a message here.
Qwentic is a leading technology consulting company, engaged in offering end to end consulting services. We are technology consulting partners to several leading businesses across a diverse range of industries spanning Logistics, Healthcare, Advertisement, and E-learningRead More
Leave your details below.
Our Consultant will get in touch with you.