The challenges we are facing as a geoscience community are becoming more complex.
Penny will share Seequent’s vision for the future, which is a connected environment ready to meet emerging data challenges. Seequent Evo is an ecosystem where you can access a toolbox of Seequent cloud applications, desktop applications, micro-services and API’s. It offers seamless connections to world-leading geoscience and engineering solutions and services.
Director of Seequent Evo
<v Penny>Hello everybody</v>
and thank you for joining us today.
My name is Penny Swords and I am the director of Evo,
which is what I’m going to talk to you about today.
Seequent Evo is an evolving ecosystem
to enable digital transformation.
Before we move into the presentation,
I’d just like to make a statement
of disclaimers and confidentiality.
I’d like to mention that this presentation
is for informational purposes only,
and is not a commitment to deliver specific functions
The world is shifting its focus to green energy,
to combat climate change
and this leads to a heightened demand on the mineral sector.
The World Bank Group
estimates that the production of minerals such as graphite,
lithium, and cobalt
could increase by nearly 500% by 2050
to meet the growing demand for clean energy technology.
Tesla has estimated that by 2030 there’ll be producing
20 million cars a year.
And this alone puts a huge amount of demand on resources,
such as lithium, nickel, copper, graphite and cobalt.
Quoting from an investors conference late last year
Elon Musk says,
“I just like to re-emphasize any mining companies out there,
“please mind more nickel wherever you are in the world,
“please mind more nickel.
“Tesla will give you a giant contract
“for a long period of time,
“if you mind nickel efficiently
“and in an environmentally sensitive way.
“Now hopefully this message goes out
“to all the mining companies please get nickel.”
But it isn’t just Tesla, by 2030 Volkswagen
also plans to have 70% of its car sales
shift to electric vehicles.
Volvo will have a 100% of its fleet fully electric
and general motors will have a 100%
of their fleet fully electric by 2035.
Government incentives and tightening CO2 emissions
targets driving the automakers to release electric vehicles
more than the customers are actually demanding them.
And the demand will not only come from electric vehicles,
increased use of electric vehicles
leads to increase electricity to power them.
And as the world moves towards clean energy sources,
such as solar power and wind farms,
this leads to an increase in minerals, such as copper, zinc,
aluminum and silver, just to name a few.
Coupled with the increased demand
is the challenge faced by mining exploration
that resources are becoming harder to find.
They are deeper underground, undercover or in remote areas.
Geologists can no longer rely on traditional methods
for mineral targeting.
And the industry is starting to turn to data and AI
to assist in this mineral exploration.
The world economic forum lists the social contract
for mining as one of the top trends shaping the industry
of the mining industry.
Creating real benefits for communities near mine sites
will be key for successful new projects.
Obtaining the license to operate from local communities
has actually been a challenge for the mining industry
in recent years.
Many proposed projects have been rejected
and operations have been disrupted by protests.
There is an increased pressure from governments, investors,
and society for mining organizations
to mine in an environmentally responsible way.
Mining is currently responsible for four to seven percent
of greenhouse gas emissions globally.
Under the 2015 Paris agreement,
195 countries pledged to limit global warming
to well below two degrees Celsius.
And ideally not more than one and a half degrees
above the preindustrial levels.
A McKinsey report says that the mining industry
has only just begun to set emission reduction goals.
Current targets published by mining companies
range from zero to 30% by 2030,
which is far below the Paris agreement goals.
Mines theoretically can decarbonize
excluding fugitive methane through operational efficiency,
electrification and renewable energy use.
Capital investments are required to achieve
most of the de-carbonization potential,
but certain measures such as the adoption of renewables,
electrification and operational efficiency
are economical today for many mines.
The response to these trends
leads to a much needed digital transformation
within the mining sector,
and this is not a new concept.
Some mining companies are already looking towards
digital transformation initiatives
in order to address these trends.
At the prospecting and exploration stage
the use of AI for targeting is increasing.
AI helps mining companies organize,
understand and make optimal decisions
on the vast amounts of data collected.
Use of drones for surveying work is increasing,
which improves data collection through AI technology,
built into the drone to better understand the environment
and terrain as well as reducing labor costs.
There’s an opportunity to improve operations
and drive cost efficiency
through the use of automation technology
within a producing mine such as autonomous vehicles,
drillers and haulage systems.
Data lies at the heart of all of these trends.
Vast amounts of data
is collected across the mining value chain.
However, after speaking to many customers,
we have discovered there is still a big challenge
within the industry that needs to be addressed.
Many niche applications exist within the industry
that solve specific problems related to data capture
Within the large mining organizations,
different applications are used at different sites
to perform the same tasks,
which lead to multitude of applications
across the organization
and ultimately leading to many data silos.
Alongside the data silos,
integrating the data is a challenge.
The lack of common file format standards across the industry
and a common platform,
leaves the geo scientists with a lot of manual tasks
in their day to convert files into a usable format
in order to be integrated into the required workflow.
With data moving in and out of various cloud applications
and desktop applications,
plus crossing the parts of many geo scientists,
the audit trail of the data is often lost.
Once data has been imported into another application
after a manual conversion,
how do you know who created the data and when?
Is it the latest version of that piece of data,
or has the creator of the data made an update?
Reconciliation of the data across the mining value chain
from the geologic model to the resource
or economic model to the reported results
in a timely and automated manner is often a challenge.
As mining companies move into digital transformation
and the digital age,
they know they need to start adopting AI technologies
and advanced analytics techniques
in order to meet the challenges
described on the earliest slide.
However, how do they keep up with emerging methods
used in this space and how do you keep all of your data
in one place?
An access to data is key.
How do you even know what data is available
when it is scattered across siloed applications
and on employees desktops.
There’s a number of steps that need to occur
in order to address these data challenges,
to allow mining companies, to be able to truly optimize
and automate their workflows.
To ensure a fast and informed decision making process,
all stakeholders in the project,
whether call loggers, modelers,
resource managers, engineers,
or third parties such as consultants
need to have access to the latest data
in as near real time as possible.
Everyone needs to work from a single source of truth
to ensure robust results
that allow you to take the next steps
in the development of your project.
However, more often than not
data is scattered over multiple servers,
external hard drives, computers,
and even inside people’s minds.
This is a problem as vital information is inaccessible
when needed or available in a format
that doesn’t suit the needs
of the modeler or decision-makers.
In a situation such as this,
the modeling process is highly ineffective
and overall productivity suffers time and money is lost.
Silos don’t exist
purely because of the lack of the data organization,
silos also exist across geo science disciplines.
One of the initial steps
in overcoming this siloed way of working
is to increase collaboration among the disciplines.
For example, combining geophysics, geology and geo technical
provides subsurface teams a holistic way
to approach their domain,
creating a holistic model or digital twin.
The result is cross-discipline workflows
that deliver a much needed integration
and lay the groundwork for seamless interoperability
However, probably the collaboration amongst disciplines
is not enough, there needs to be a collaboration
amongst all industry vendors.
As software vendors,
we have to help our customers manage their data,
improve workflows and automate processes.
There is no single vendor that can do everything
across the whole mining value chain.
And if they were, I would struggle to find a customer
that would like to be tied to a single vendor,
to provide their whole workflow.
Our customers want the freedom
to mix and match their solutions
to suit the needs of their business.
It is our role to ensure that the data is connected
interoperable and has seamless data interfaces.
And this is where true value comes to our customers
and comes to the industry as a whole,
as Aristotle states,
“The value of the whole
“is greater than the sum of its parts.”
And this is our vision at Seequent.
We are extending our solutions
beyond solving model management,
beyond solving stakeholder engagement,
and beyond solving data management.
Our vision is to provide connected solutions
in an environment which enables you to work seamlessly
across multiple workflows and solve problems in the moment.
We are calling this an ecosystem,
it is an ecosystem because it isn’t a single platform,
product or solution.
It is an ecosystem that is made up of cloud solutions
and micro capabilities, APIs, and desktop products.
We call the Seequence ecosystem Seequent Evo.
Seequent Evo is a living ecosystem.
It is evolving and in some parts already available today.
Let me explain what I mean by that
in a little more detail.
Seequence Evo encompasses our existing
and future cloud applications, APIs, and micro capabilities
and connects to our established desktop solutions
such as leapfrog, Oasis Montaj and Geo studio.
It is a connected ecosystem of solutions
which enable our customers to work seamlessly
across their workflow in order to solve problems
in the moment.
We’re offering our customers an open connected solution
that allows them to pick the pieces they need
big or small as it’s no longer one size fits all.
And it’s not a single platform or solution in itself,
it’s an evolving ecosystem.
Seequent Evo will enable seamless connections
with other world-leading geo science
and engineering solutions
to create an environment for data exchange and integration.
Our first integration to market will be MX deposit
for drill hole data management.
If you’d like to see an example of this integration,
we’re going to demonstrate an early prototype
during a webinar on Wednesday, the 10th of March
at 12 o’clock Eastern time.
To register for this webinar,
please visit seequent.com/pdeck.
which many of you are actively using already
is an example have how Seequence Evo’s micro capabilities
are bundled together and offered as a solution.
Seequence Central is a data and many sorry,
a data and model management solution
and it addresses some of the challenges
that I highlighted earlier on.
It can dynamically link to leapfrog and Oasis Montaj.
And in the near term release,
will also be able to connect to geo studio.
Central is made up of a set of micro capabilities
that facilitate safe and user defined user storage
in the cloud,
web visualization for active reviewing purposes in 3D,
version tracking and comparing tools
and interactive notifications.
Globally we are moving into a new era
with a global shift in government initiatives,
combat climate change and an increased use of technology.
Greater pressure is being placed on the mining industry.
In parallel to this mining organizations
are faced with the challenge of deposits,
being harder to find harder to mine
operating in a socially and environmentally responsible way
plus the increasing pressure to reduce costs,
there’s an increasing need for digital transformation
to occur across the whole mining value chain.
Data is at the heart of all decisions.
And one of the biggest challenges
that mining organizations face
is integrating that data and moving data seamlessly
Our goal for Seequent Evo is improved efficiencies
and optimization across workflows
in the whole mining value chain,
allowing for more effective and collaborative work
and to create an open and connected ecosystem
for geo science data management analysis and visualization,
but it’s right sized for the individual
or organization and the work that they need to complete.
Thank you for your time today.
I’m actually here live and if you have a question,
you can pop it into the questions window.
Joining me here today is Steven Donovan
and Steven is a central technical specialist
based in Vancouver and is going to help me
answer the questions.
<v Steven>Thank you, Penny.</v>
Yep so if anyone has any questions,
just place them into the chat box
and we’ll be happy to answer.
There’s a couple here now.
The first is on the timeline.
When can we expect to see some of these tools released?
<v Penny>That’s a really good question.</v>
So our first integration,
We’ll actually let me take a step back.
Central’s already available today.
Michael D’Souza who is the Central sales lead
is on the phone here today.
If you have any questions around that,
or you can reach out to him separately
and Central is available today, that solve a lot of the,
or some of the challenges I already talked about
in regards to our APIs.
The first API will be available later this year.
And our first integration using that API
will also be available,
which is MX deposit around mid August timeframe.
<v Penny>Brilliant, Penny.</v>
And then how are we integrating with other applications
on the market?
<v Penny>That’s a really good question.</v>
So, we have built relationships with a lot of
other vendors out there and are actively talking to them
about using our APIs to integrate into the Evo ecosystem,
but generally it needs to,
there needs to be a push from our customers
to get all of our vendors creating open
and connected environments for everybody to talk to.
The APIs will also be available for our customers
to be able to build your own integrations.
So where there’s none opportunity for the vendors
to integrate together,
the customers have an opportunity
or consultants have an opportunity
to create that integration themselves.
<v Steven>That’s great thank you so much Penny.</v>
I don’t see any more questions here coming up,
so I’ll pass it back to you to round it up.
<v Penny>That’s great. thank you everyone for joining.</v>