Pump Manufacturers and Pump Rentals can benifit immensely from IIoT Pumping solutions. Rentals can create exact usage-based pricing models while Manufacturers can provide comprehensive after-sales service to customers through real-time and predictive analytics.

1. IIoT Pumping Solutions for Mining
Industrial Internet of Things IIoT is the application of IoT to the manufacturing Industry. “70% of
Mining businesses say IIoT is essential to gaining a competitive edge”. Mining industry stands to
make some strategic gains when it integrates IIoT applications into operations. This is because the
Industry is extremely competitive due to the scarcity of resources especially labor resources. Such
scarcity becomes even more pronounced in developed countries where labor charges are
significantly higher than in developing countries. Automation of processes and improved asset
utilization due to IIoT integration lead to optimum utilization of resources that ultimately leads to
lower operating cost. Mining firms which produce the same output through minimum factor cost
can make higher profit margins.
Since Pumps constitute a considerable chunk of mining operations, we would like to emphasize on
how IIoT software can help improve mining pumps to give significant benefits. Mines utilizes a
wide variety of Pumps such as centrifugal pumps, Slurry pumps, submersible pumps, magnetic
drive pumps, borehole pumps, self-priming pumps, diaphragm pumps depending on the application
and nature of the fluid being transferred. At the same time, one of the significant contributors to
higher costs in mining is again Pumping solutions. Pump maintenance and failure are substantial
contributors to overhead costs in mining.
Read more; https://www.gowitek.com/iot/blog/iiot-pumping-solutions-for-mining
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