Strike gold with your financial and operational management

Every input counts in a mining company. The interplay between prices, demand, supply chains, currency fluctuations, wages and more creates significantly complexity that, in turn, demands a powerful software solution. The right software solution can handle this complexity and deliver the insights that are needed to make the right decisions, especially in times of volatility.

IBM Planning Analytics / TM1 offers a best-in-class solution for the mining sector, delivering multi-faceted functionality and exceptional performance across all levels of operation.

Common challenges

Visualising dynamic changes
Visualise key data in real time so you can make better decisions.
- Making sense of your data
  With so many data inputs coming from all parts of the mining value chain, it can be challenging to identify the key insights that drive performance. Without accurate analysis, the data can’t be utilised to its full potential.
- Decisions are made in isolation
  A lack of data unification and visualisation means that decisions are made in isolation, without taking into account the wider context. This means decisions are made in isolation and on the basis of a ‘gut feeling’ rather than being reliably informed.
- Sophisticated visualisation
  Cubewise has highly sophisticated visualisation functionality that allows mining companies to process all their key data and present it in a way that cuts through the noise. By identifying the insights that matter, managers can make decisions based on holistic evidence and backed by objective factors.
Scenario modelling
- Planning for volatility
  Mining is a notoriously volatile industry because it relies so heavily on dynamic inputs like commodity prices, foreign exchange fluctuations and more. The variability of these inputs makes planning difficult and can cause significant swings in performance if your businesses isn’t prepared.
- Macro changes present a risk
  Without the right planning and modelling in place a macro-economic factor out of your control can cause havoc within your business’s profitability and sustainability. Your destiny is truly out of your hands and at the whim of the marketplace.
- Dynamic scenario modelling
  Cubewise enables highly precise and intricate scenario modelling to be run so you can evaluate where your business is most vulnerable to volatility risk. With this information at your disposal, you can minimise the impact of unforeseen risk and plan for what lies ahead.
Unifying operational and financial models
- Strategic misalignment
  There is always natural friction between on-the-ground mining operations and the management of the company for the benefit of customers, investors and other stakeholders. A strategic misalignment can slow down progress and halt business expansion.
- Suboptimal incentive structure
  When your operational decision-makers and financial decision-makers are not working from the same source of truth, you end up with incentives that work against each other. This can create unnecessary conflict and result in underutilisation of resources.
- Aligning operational and financial modelling
  Cubewise provides a truly holistic platform for both operational and financial planning and performance management. By pulling everything into one place, you can align your strategic objectives across the organisation and ensure everyone is pulling in the same direction.

Making sense of your data
With so many data inputs coming from all parts of the mining value chain, it can be challenging to identify the key insights that drive performance. Without accurate analysis, the data can’t be utilised to its full potential.
Decisions are made in isolation
A lack of data unification and visualisation means that decisions are made in isolation, without taking into account the wider context. This means decisions are made in isolation and on the basis of a ‘gut feeling’ rather than being reliably informed.
Sophisticated visualisation
Cubewise has highly sophisticated visualisation functionality that allows mining companies to process all their key data and present it in a way that cuts through the noise. By identifying the insights that matter, managers can make decisions based on holistic evidence and backed by objective factors.

Unlock the next level of your mining journey

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Amazon Web Services case study

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