Mining value in a digital age – LKAB’s forward leaning analytics journey

For over 130 years, LKAB has thrived in a traditional industry, but the digital era demands a new approach to unlock business value. Our “forward-leaning analytics” initiative marks a pivotal shift, transforming our legacy data platform into a modern, cloud-based solution that spans all business domains.

Guided by principles of effectiveness through modern tools, pragmatic and iterative development, user-friendly solutions focused on business needs, and data quality with traceability as the foundation, we’ve built a robust data and analytics function. From a siloed, finance-heavy legacy system with limited in-house expertise, we’ve evolved into the go-to choice for data and insights, supported by a skilled data team.

Looking ahead, we aim to amplify our impact by integrating AI and expanding our role as a proactive, value-driven partner. Through our pillars next next-generation data platform, AI-ready data, data storytelling, and data enablement, we are redefining analytics to drive business success in a digital age.

Key takeaways

Embracing modernity in a legacy industry: A 130-year-old mining company can transform by adopting a cloud-based, AI-ready data platform to deliver real business value.
Iterative progress drives success: Pragmatic, iterative development and learning from what works have been key to building a robust analytics function.
Business needs at the core: User-friendly solutions prioritising business requirements ensure analytics delivers actionable insights.
Data quality as the bedrock: High-quality, traceable data is the foundation for trusted analytics and future AI capabilities.
From reactive to proactive: Evolving from a legacy system to a strategic, AI-enabled analytics partner positions us to anticipate and meet business needs.