November 20176 In 2023 NASA will visit Psyche­an asteroid that is reportedly believed to be made entirely of metal. This unique floating hulk in our solar system, if successfully brought to Earth, would have the potential to change the world as its iron alone would be worth around $10,000 quadrillion, according to NASA's Psyche Principal investigators. However, owing to the constraints of global economy, which is worth not more than $73 trillion, NASA's visit will be one of pure discovery--a chance to observe an object humanity has never seen before--rather than bringing Psyche to Earth.In a similar light, let us plunge into the impeccable breakthroughs in earth's metals and mining sector, and how digital innovation is transforming the fortunes of the industry today. Despite the industry's booms and busts, the global mining industry has long been under pressure, chiefly in terms of falling commodity prices are squeezing cash flow. Quite evidently, today's mining industry is at an inflection point, in which groundbreaking technologies have the potential to unlock newer ways of managing variability and enhancing productivity. The next era of mining will evolve toward knowledge-based jobs that solve the challenges pertaining to uncertainty and variability­from ground-resources to stress on equipment to the weather. And, mining companies that recognize this shift today and best navigate the changes ahead will be the winners of tomorrow.In this issue of APAC CIO Outlook, we bring to light the various technologies that are sternly poised to become operational at scale across the mining industry. Their applications include building a more comprehensive understanding of the resource base, optimizing material and equipment flow, improving anticipation of failures, increasing mechanization through automation, and monitoring performance in real time.Let us know your thoughts.Annie Johnson Mailing AddressAPACCIOOutlook44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538To subscribe to APACCIOOutlookVisit www.apacciooutlook.comArt & GraphicsAmelia StewartFlynn SmythToby LangtonAnil Kumar VManaging EditorAnnie JohnsonAsst. Managing EditorAkanksha MinzCopyright © 2017 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.November 24, 2017, Volume 3 SE 53 Published by ValleyMedia Inc.Sales sales@apacciooutlook.com+1 510.996.5168EditorialThe Digital TransformationSenior WritersLane Adams Clara MathewRoyce D'SouzaRohit Chowdhary EditorialAlfred MardinLouis BeckerRachael ClarkSelena JamesStephanie MazueraRoy ChowMensholong Lepcha Shikha Patra *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffAnnie JohnsonManaging Editoreditor@apacciooutlook.com
< Page 5 | Page 7 >