Is Artificial Intelligence bringing immense transformation in mining industry?
Team Veye | 14-Oct-2019
In our earlier articles on the scope of Artificial Intelligence, we had concluded that the first and foremost field that can derive the best benefit seems to be healthcare. And the way Artificial Intelligence in Healthcare has moved from experimentation to implementation. However, although the Healthcare sector has spearheaded most of the technological developments used in imaging and clinical data analysis, it is the mining sector that is now taking advantage of the proven technologies to help boost its productivity.
The fast-evolving field of Artificial Intelligence can transform the mining industry in a big way, from simplifying operations to increase productivity to reducing risks in mining operations. The mining industry has found optimum use due to the remote mine sites, the hazardous nature of the work and the high costs of labour and transport.
The successful integration of AI in the mining sector can have a dramatic impact on production costs. That’s why some mining companies are becoming very aggressive about exploring artificial intelligence, machine learning, and autonomous equipment to find ways to improve efficiency.
Automation with AI and machine learning gives mines the ability to operate without breaks or delays. Machine learning technology can also be used to predict failures and degradation. In addition to predicting failures, people in mining can also expect AI to predict other potential hazards by analysing patterns in events
Rio Tinto has already been putting it to the test by installing AI technology on its haul trucks at Pilbara iron ore mines. In an attempt to drive productivity, the transition to an automated haulage system has proven beneficial. The Company reports that each of its autonomous trucks on average operated for an additional 1,000 hours last year and had a 15% lower load and haul cost per unit than their previous standard trucks.
BHP uses Artificial Intelligence to schedule track movements and the dispatch of trains carrying iron ore between their mines and Port Hedland, something that has thus far helped BHP to manage stockpiles and ensure deliveries are correct and on time.
AI is also helping mineral explorers identify promising areas by analyzing data from multiple sources and using a machine-learning algorithm to identify areas where minerals are likely to be found. AI is fast on its way to becoming a real game-changer for major players in the mining industry.
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