Metalloinvest Allocates Funds for Digital Transformation in 2021
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Metalloinvest Allocates Funds for Digital Transformation in 2021

Leading Russian miner & steel maker Metalloinvest will allocate more than 1.5 billion roubles for the Company's digital transformation programme in 2021.

Leading Russian miner & steel maker Metalloinvest will allocate more than 1.5 billion roubles for the Company's digital transformation programme in 2021. The key goal is the automation of the Company's business processes. Implementing the latest data management technologies was the next step. Today, Metalloinvest uses neural networks and big data tools for its work processes while implementing the latest technological devices, such as employee health parameter trackers. Metalloinvest CEO Mr Nazim Efendiev said "Digital solutions enable us to improve production safety, operational efficiency, mobilise hidden resources, improve product quality, and open up new models of interaction with customers. We plan to implement more than 300 initiatives and 70 projects around digital transformation this year. More than 1.5 billion roubles have been allocated for these purposes.”

The digital transformation programme's project portfolio includes four key areas

1. Digital Quarry – includes visualisation of the end-to-end production chain, open-pit maps, positioning of machinery and functional jobs. The analysis of information on production, employees' work, optimal operation of machinery takes place online.

2. Digital Asset – focuses on increasing production efficiency of technological processes (advisor systems based on mathematical models and statistics), the metals and mining segment (‘digital smelting’) and projects aimed at reducing costs and increasing revenue margins.

3. Digital Employee – involves maintaining employee health through providing them with the latest digital tools for working in production (mobile devices in repair services, ‘advisor’ systems for consumables at the main production), comfortable and fast employee communication through robotisation and messenger services, and managing interaction with the Company via mobile phone. It also includes a system for monitoring the state of the driver of heavy goods vehicles, transmitting a signal if the driver's attention is lost. The introduction of new digital technologies also makes it possible to continuously monitor employee health. All of these help to reduce injuries and eliminate fatalities in the workplace.

4. Digital Office – A key area in the context of remote work. The working day has become digital, including everything from holding online meetings, remote work from anywhere in the world without loss of quality, to large-scale online meetings and entertainment events.

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