Issues related to implementation of big data analytical systems and other digitalization achievements to improve the business efficiency of mining companies

Abstract

Currently, digitalization and widespread adoption of digital technologies are significantly changing people's activities in many areas. Digital technologies provide automation of business processes, data management, analytics, they support strategic decision-making and dictate the need to introduce new approaches to doing business in order to increase its efficiency and profitability, as well as to ensure sustainability of companies' development in modern conditions. It needs to be especially mentioned how the big data processing and analysis technologies and other Industry 4.0 achievements are introduced in the mining industry. The use of big data analytical systems in modern production, including the mining industry, provides an integrated approach to processing and analyzing a large amount of information. It also provides organizations with significant advantages reflected at various levels of management and strategic decision-making. The prospects for implementation and development of these digital solutions currently look very encouraging. Effective management of these processes provides companies with significant opportunities and advantages, allowing them to increase competitiveness, optimize the use of resources and increase the efficiency of their business as a whole.