If you’re within the metals and mining industry, just like the Doe Run Company is, news that commodity prices have declined to lows not seen since late 2008 and early 2009 isn't new. The question is with these low prices, can your company afford new information technologies? I think the solution may be a resounding “Yes!” actually, I think companies that want to survive should seriously consider deployment of the subsequent four technologies.
1. “X” as a Service: Whether it’s Infrastructure as a Service (IaaS), Hardware as a Service (HaaS), Software as a Service (SaaS), or variety of other X-aaS, your company is losing ground if it isn’t already using one among these technologies or within the process of moving to at least one.
a. Managing on-premise data centers isn't core to our metals and mining business, and competes with internal resources that are more central to our industry. Moving to IaaS and/or HaaS allows companies to possess state-of-the-art facilities and equipment as an expense, smoothing the cost curve at a price that's at or below what's likely spent on internal data centers. Furthermore, this feature avoids large equipment replacement costs that inevitably seem to be necessary just when the industry tanks.
b. On-premise software applications tend to be expensive and need hard-to-find and sometimes hard-to-retain personnel with specific skill sets. Why not find cloud SaaS solutions for routine applications that are sufficient to urge the work done at much lower annual costs? Doing so allows your company to use it's highly wanted personnel to manage these solutions, while also freeing them up to figure on more strategic projects that are directly tied to your company’s bottom line.
2. Internet of Things (IoT): Your Company has been involved within the “Internet of Things” for an extended time, albeit perhaps under a spread of various names, like process control technologies, instrument controls or operations technology. If your IT team isn’t joined at the hip together with your operations technology team, you're missing out on some big opportunities to enhance processes, reduce your cost structure and supply some much-needed visibility and insight into where you would possibly be dalliance and money.