Seequent is a global leader in the development of visual data science software and collaborative technologies. Its solutions enable people to create rich stories and uncover valuable insights from geological data, and ultimately, make better decisions. Mexico Mining Review interviewed General Manager for Mining and Minerals, Nick Fogarty, to ask him about how to better seize data for an enhanced and informed decision making in mining.
Q:What is your company’s technology strategy and how do you meet your clients’ needs through integration?
A: We are focused on enabling our customers to derive greater value from their geological data. Our integrated solutions create insights from data that provide a competitive advantage that delivers straight to the top and bottom line. We first introduced our revolutionary Leapfrog 3D geological modeling software to the mining market over 10 years ago to enable quick and easy implicit modeling of data. We have a reputation as innovators and each year we make multi-million-dollar investments in product R&D to extend our capability and product offering. We partner with other like-minded innovators to provide valuable integration and a seamless end-to-end solution for the client. Our company philosophy has been that we do not reinvent the wheel in terms of acquisitions and product development. Over the past six years, we have acquired several geoscience businesses to add new expertise and technology including a geostatistics consulting business. This aided the development of our resource estimation product Leapfrog EDGE, a grade control solution which has allowed customers to derive greater value from the data and a science startup with valuable expertise in transforming desktop applications to the web.
Q: What is your assessment of the main mining trends and how is Seequent helping to meet future demand through its technologies?
A: It is becoming increasingly difficult for companies to extract high-grade minerals from deposits. Project costs, complexity and risk are increasing. The industry is also coming out of a major downturn and customers are far more conscious about cost, spend and efficiencies. But they are also more open to testing emerging technologies and looking to other industries. Big Data and IoT trends mean we are seeing a proliferation of data sensors and technology for capturing an abundance of data. Although that sounds like a positive thing, the real challenge is not just about capturing data, but modeling it to enable valuable insights to be drawn from it. So, one trend off the back of this is increased near-time or more continuous data management, which is about incorporating the latest data into the modeling almost as soon as it has been received. Our latest innovation, an advanced central management platform, creates a single source for an organization’s geological modeling activity. It connects geology teams and company executives anywhere in the world to offer insights and data not previously available while improving geological risk management.
Q: Why is Seequent the right partner to transform data into better business insights for mining stakeholders?
A: In a mining operation, everything comes back to data. But it is meaningless if it cannot lead to a better understanding of potential outcomes. There is an increasing recognition about the need to get on the front foot in managing and communicating risks, off the back of the mining downturn. We continued to invest throughout the downturn to provide tools such as Leapfrog Geo and Central to enable stakeholders including geologists, managers and investors, to better understand the status, risks and opportunities for projects. Our revolutionary Leapfrog software has a powerful implicit modeling engine that can rapidly and dynamically model data to transforms it into valuable insights. New data is able to be incorporated into the model workflow almost in real-time. Our new advanced model management platform Central allows single source management for an organization’s geological modeling activity.
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