Global Industrial IoT (IIoT) and cloud technology company Sensemetrics has launched a tailored industrial Internet of Things (IIoT) solution that delivers real-time, end-to-end tailings storage facilities (TSF) insights to insurers and mining companies.

The International Council on Mining and Metals- (ICMM-) aligned platform provides mining operators with access to real-time information and analytics for continuous and complete surveillance across TSF construction, operation and closure phases.

Further, it eliminates the challenges of risk assessment for primary insurers and reinsurers as it provides critical, relevant real-time data for technical risk underwriting, enabling them to achieve a level of end-to-end TSF assessment not previously seen in the industry, says Sensemetrics mining director Alex Pienaar.

“With this new offering, we have taken our core IIoT intellectual property and tailored it to address the long-standing and highly critical challenges of TSF risk and safety, giving our mining company customers and the reinsurers and primary insurers who work with them a level of data transparency and actionable information they have not seen before,” he says.

“Now, both parties can work towards achieving shared outcomes, using our best-in-class technology to gain insight into what matters most to their businesses.”

The new remote sensing module provides a dashboard display of TSF performance, powered by spatially dense datasets from ground and satellite-based systems, while the secure application programming interface (API) streams real-time data to in-house data analytics engines maintained by insurers.

A secure API provides a unified interface for exchange of real-time and historical sensor data between the Sensemetrics platform and in-house data analytics engines maintained by insurers, facilitating continuous and transparent information flow between all organisations involved in risk mitigation.