While the potential is huge, as more and more manufacturers use generative AI and machine learning to automate tasks and enhance decision-making, they will need to be aware of the risks and the challenges around these technologies from data quality issues and ethical concerns to privacy and compliance considerations.
One of the main benefits of embracing IM&E technology is that by using smart sensors, data analytics and machine learning, manufacturers can scrutinise and optimise the operation of their machines, equipment and systems in real-time.
Together, this means that smart monitoring systems provide “constant real-time feedback,” and data processing tools are included, which interpret and represent information on a dashboard in a way that is easily comprehensible.
There are fundamental differences in terms of fixed price and remeasurable contracts, yet we are seeing EPC contracts being conflated by the insertion of ‘estimated’ budgets in pricing documents, while the conditions of contract are essentially an EPC lump sum contract. The two simply don’t speak to each other.
The mining sector is the backbone of South Africa’s economy, reporting a record production of over R1 trillion for 2022 and remains one of the biggest employment sectors. However, recruiting an appropriately skilled and experienced labour force can be extremely laborious and time-consuming given the heavily regulated nature of the sector. Contractors involved in onboarding labour may struggle to balance the requirements of this onerous task. Partnering with a Temporary Employment Services (TES) provider can assist contractors by quickly and effectively sourcing skilled and compliant labour from a pool of available skills, along with additional tasks such as Human Resources (HR), Industrial Relations (IR), payroll, and more.
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