Formal Assessment and Measurement of Data Utilization and Value for Mines

Abstract

Most large contemporary mines already have considerable amounts of data, much of which goes largely unused. The key challenge in big data is increasing data utilization. Much of the data in the mine (not plant) come from a variety of systems, each with different databases and reporting environments. Standard technology deployments create a "silo-ification" of data leading to poor system usage. Through modern server monitoring, data utilization can quantifiably be measured. A host of other quantifiable, often automated approaches, to measuring data use and value can also be incorporated as a means of monitoring value generation. A data valuation tool is presented to measure the data assets at an operation. The Data Value Index (DVI) quantifies business intelligence best practices and user interaction considering managerial flexibility and data utilization rates. The DVI is built considering many case studies of data warehousing at various mining companies, some of which will be presented.