Sibanye-Stillwater has, for many years, embraced digitisation, digitalisation and digital transformation as a means to improve efficiencies and productivity and enhance the creation of value for all stakeholders. We are, however, aware that the holistic digital transformation of Sibanye-Stillwater cannot be achieved just through the adoption and implementation of digital technologies; the Group’s inherent culture, processes and structures need to be aligned to facilitate this journey and support digital adoption.
It is in this context that we have adopted a ‘digital first’ approach, which takes the digital transformation journey to the next level. Becoming a digital-first organisation requires a fundamental change in thought and practise. It means reconsidering every aspect of a business, from the tools employees use for the simplest of everyday tasks to the entire organisational structure of a company. We have therefore begun to shift our approach from the utilisation of digital technology in a standard way to one that applies and adopts digital solutions to realise opportunities and address challenges.
Sibanye-Stillwater defines a digital first organisation as one that, not only adopts innovation and digital technology, but creates cultures, structures and processes that support digital transformation and looks to technology or digital solutions to realise an opportunity or to solve problems.
We are also focused on building an innovation culture framework, with established mechanisms for people’s ideas to be heard and enhanced through collaboration with the broader organisation.
We have identified a number of projects to advance the mine of the future including applying newly developed battery technology in mobile assets like locomotives and trackless mobile machinery and applying analytics and deep learning algorithms to improve overall equipment and processing effectiveness.
We recognise that there is significant value in leveraging external expertise to advance innovation and therefore recently established an advisory panel of globally renowned experts from various industries and institutions that is helping us fast track ideation and prioritise key strategic aspects of our digital transformation