By Lia Walker, Quality Leader, Freeport-McMoRan

Freeport-McMoRan Inc. (FCX) has continually made it a priority to invest in processes and systems that provide the information required to run a data driven business. FCX has established a competitive advantage by coupling technology with our world class resources.

New advancements in technology have presented us with an opportunity to gain insights into our business and drive new efficiencies. Big Data solutions are characterized by large volumes of data that have a wide variety of data types and must be processed at a high velocity. These types of data cannot be processed by traditional means and require a different approach.

Building on advanced BI and IoT capabilities, our Big Data strategy includes developing and implementing a technical solution combined with integration with the business operations to achieve results. Our vision is Innovative Information Mining and we are focused on solving critical business issues like reducing equipment idle time, improving cycle efficiencies and avoiding high cost component failures. Our collaborative team is challenged with analyzing data to identify root cause opportunities that improve the mining process. The team is implementing the technology, as well as developing the processes, people, and engagement models that ensure a lasting positive change.

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