In 2016, the mining industry began digging itself out of a multi-years slump. Due to the steady performance in that year, industry analysts began predicting a positive year of growth in 2017. According to Citi, mining stocks will be stronger this year due to increased free cash flow and improved earnings momentum among other factors.
However, there are a few risks that can hamper mining firms’ growth. The following infographic highlights seven of those detailed in ‘2017 Business Risks in the Mining Industry’.
Mobile Forms can, however, help reduce the impact of these risks. Here’s how:
- Improve Communication – Mobile forms allow office teams to communicate in real time with on-site teams. That way, they can control operations effectively according to market conditions and new regulations.
- Quicker Decision Making – Due to faster and more effective communication, mining firms can make better decisions more quickly. This, in turn, allows them to take advantage of opportunities presented by financial, geological, and social factors.
- Enhance Site Safety – Mobile forms can improve site safety in several ways. Mobilized versions of safety forms and checklists allow on-site teams to quickly communicate current conditions and possible risks. Prompt communication via notifications also helps alert employees quickly, saving their lives.
- Modernize Firms – Mobile form apps have proven to be effective in reeling in and retaining young workers. After all, they show an employer is aware of the latest technologies and willing to invest in them.
To find out more on how mobile form apps can transform your mining firm and help you meet 2017’s challenges, get in touch with us at [email protected]. Also, try our Ready2Use App to find out how Miracle Apps can transform your mining firm.