{"id":3207,"date":"2023-09-05T10:32:21","date_gmt":"2023-09-05T05:02:21","guid":{"rendered":"https:\/\/px4software.com\/?p=3207"},"modified":"2023-09-05T10:36:54","modified_gmt":"2023-09-05T05:06:54","slug":"new-wave-digital-a-letter-to-australias-mining-industry","status":"publish","type":"post","link":"https:\/\/px4software.com\/new-wave-digital-a-letter-to-australias-mining-industry\/","title":{"rendered":"New Wave Digital: A Letter to Australia’s Mining Industry"},"content":{"rendered":"\n
September 1, 2023<\/p>\n\n\n\n
My Dear Fellow Miners,<\/p>\n\n\n\n
While Australia\u2019s mining industry is a bedrock of its economy and finds itself at a pivotal juncture. While confined here at my desk, I came across your recent statement regarding the labour crisis, calling it an unforeseen challenge<\/em> during the COVID-19 pandemic. But since I feel that people generally have genuine good will and this criticism of the industry is sincere, I have looked deeper into this problem with the help of research from Accenture, the British Journal of Management, and local stories to deliver insight and impact on the shortage of especially young, skilled workers in mining and metals across the globe.<\/p>\n\n\n\n I think we should all go digital because it\u2019s a necessity, not a luxury as Accenture\u2019s research sends a clear message on this \u2013 technology is the bedrock of growth. Companies with a strong tech focus don\u2019t just mine success; they strike it rich, boasting five times the growth rate compared to their peers. However, there\u2019s a catch. The mining sector is stuck between a rock and a hard place. A report from the Boston Consulting Group reveals that it\u2019s 40% less digitally mature than similar industries, and its need to break free from this injustice to adapt to a digital future. <\/p>\n\n\n\n Moreover, I am cognisant that nearly half of the workforce is over 45, indicating an impending skills shortage, and young talent seems rare, with the number of students enrolling in mining-related programs dwindling. There is also a lack of awareness about mining careers amongst this demographic, however, there is a compelling correlation between digital transformation and talent attraction. This is where the magic happens.<\/p>\n\n\n\n Young, tech-savvy talents are drawn to companies that resonate with their digital fluency. They seek organisations where innovation is a way of life, and where they can make a real impact. In the mining sector, companies that lead the digital charge are attracting the cool kids on the block.<\/em><\/p>\n\n\n\n You deplore the countless roles that go unfilled. From administration assistants to mining engineers, the list goes all the way to the C-Suite. But with the increasing demand for ESG reporting, the crisis doesn\u2019t stop there for your\u2026 our industry.<\/p>\n\n\n\n Environmental, Social and Governance reporting isn\u2019t a mere obligation; it\u2019s a compass for sustainability throughout the entire lifecycle of a mine. With global concerns on flexible policy combined with rise in cost of commodities to usher in green technology, mining companies must demonstrate their commitment to these principles. <\/p>\n\n\n\n