WEBVTT 00:00:06.280 --> 00:00:07.080 Our iron ore business 00:00:07.080 --> 00:00:10.200 is a large business based in the Pilbara in Western Australia. 00:00:10.200 --> 00:00:17.080 It's made up of 17 iron ore mines, almost 2,000 kilometres of rail and 4 port terminals. 00:00:17.080 --> 00:00:20.640 We operate all of those assets as one integrated system 00:00:20.640 --> 00:00:23.280 to produce a suite of products for our customers, 00:00:23.280 --> 00:00:25.840 which are steel mills largely based in Asia. 00:00:25.840 --> 00:00:29.760 Our scheduling team is at the heart of making complex decisions to ensure 00:00:29.760 --> 00:00:33.720 that we can deliver a million tonnes of iron ore a day from our supply chain. 00:00:33.720 --> 00:00:37.360 Over the last two decades, our iron ore business has changed dramatically. 00:00:37.360 --> 00:00:38.920 It's more than tripled in size, 00:00:38.920 --> 00:00:42.880 so it was really important for us to set our people up for success, 00:00:42.880 --> 00:00:46.680 to make the right decisions, at the right time, in this new environment. 00:00:46.680 --> 00:00:51.360 We had a lot of systems that had served us very, very well but were becoming dated. 00:00:51.360 --> 00:00:52.760 So we started on the journey 00:00:52.760 --> 00:00:56.520 of changing out our scheduling systems, our scheduling platforms. 00:00:59.480 --> 00:01:00.760 What we have built together with 00:01:00.760 --> 00:01:03.720 Boston Consulting Group is really an incredible 00:01:03.720 --> 00:01:06.149 piece of software that takes the latest 00:01:06.149 --> 00:01:08.040 advanced technologies such as 00:01:08.040 --> 00:01:11.029 advanced analytics, advanced artificial intelligence, 00:01:11.029 --> 00:01:12.781 as well as generative AI 00:01:12.800 --> 00:01:14.240 and we've combined it into a 00:01:14.240 --> 00:01:16.200 single package that not only looks at all 00:01:16.200 --> 00:01:20.120 those really cool things like optimisation and simulation, 00:01:20.120 --> 00:01:25.040 but really creates a different experience for our end users, our schedulers. 00:01:25.040 --> 00:01:26.640 We've been building the plane whilst 00:01:26.640 --> 00:01:30.520 flying and essentially incrementally retiring legacy 00:01:30.520 --> 00:01:33.960 capabilities and technology whilst building new as we go. 00:01:33.960 --> 00:01:38.880 And it's not just about the technology, it's about leaving behind a fully embedded 00:01:38.880 --> 00:01:43.200 and capable internal team to evolve the platform and the tools over time. 00:01:43.600 --> 00:01:46.480 Partnering with BCG has been fantastic. 00:01:46.480 --> 00:01:51.120 The future scheduling platform has given the team the right modern tools, 00:01:51.120 --> 00:01:54.480 with the right time and space now to make the right decisions 00:01:54.480 --> 00:01:56.520 to deliver the best outcomes for our business. 00:01:56.520 --> 00:01:59.320 We've been able to replace one of our legacy systems 00:01:59.320 --> 00:02:02.400 that was no longer serving us and no longer helping our people 00:02:02.400 --> 00:02:05.320 make some of those complex, multi-million dollar decisions. 00:02:05.320 --> 00:02:09.240 But more than that, we've been able to save time in the way that we schedule 00:02:09.240 --> 00:02:11.040 and make better decisions, 00:02:11.040 --> 00:02:13.960 which have resulted in being able to pay off the investment 00:02:13.960 --> 00:02:15.000 in less than three months. 00:02:15.000 --> 00:02:17.120 Usually, the old system would take over a year 00:02:17.120 --> 00:02:19.400 to learn, and with the future scheduling platform, 00:02:19.400 --> 00:02:20.760 I was able to learn it within a month. 00:02:22.160 --> 00:02:25.320 It's been amazing to see how the two organisations 00:02:25.320 --> 00:02:29.520 have partnered together and delivered a game changing outcome for Rio. 00:02:29.520 --> 00:02:33.360 The scheduling system has really opened our eyes to the art of 00:02:33.360 --> 00:02:37.320 what is possible in terms of the world of artificial intelligence. 00:02:37.320 --> 00:02:38.640 This has set the foundation 00:02:38.640 --> 00:02:43.080 for all our future work in our other systems, specifically in areas 00:02:43.080 --> 00:02:47.320 where we could use similar techniques to get better outcomes for our people. 00:02:47.320 --> 00:02:52.400 It's a big deal for Rio Tinto to replace the legacy assets we have. 00:02:52.400 --> 00:02:56.040 So to be able to do that in a way that really has shown 00:02:56.040 --> 00:02:59.640 this was the right way, the right way to partner, the right partner to have 00:02:59.640 --> 00:03:05.400 with BCG to deliver a really complex mission critical solution, 00:03:05.400 --> 00:03:06.600 that's what I'm proud of.