Suppliers in this area leverage alternative datasets such as Satellite imagery and Machine Learning to monitor the global supply chain of commodities in real time. An indicator of production trends in mines which is derived by using remote sensing concepts and SAR satellite images.

This data is then processed to create indexes which provide an indication of the output against a base level to provide context and insight into the productivity of a mine.

Benefits

Brand new technology providing a leading indicator ahead of all other output metrics.

Drawbacks

Limited in coverage of mines globally, although suppliers can add new mines upon request it will take time to scale up.

As these solutions are new, there isn’t a large historical dataset to test against.