BNamericas - How AI is impacting the mining world

Artificial intelligence is one of a series of technologies that are on the radar for implementation in Chile's mining industry. AI, which, simply put, is the ability of a computer program or machine to think and learn from observing large quantities of data, to identify trends and make recommendations to improve decision making, all in a matter of milliseconds. The impending tsunami of data that will be collected from sensors and internet of things (IoT) devices will be too overwhelming for humans to compute. Businesses that are able to compute and extract value from huge volumes of data are expected to have a key advantage over their competitors by being able to improve efficiency, productivity and lower costs as well as identify new business opportunities. A recent study by consultancy Accenture, showed 82% of executives in the global mining industry expecting to increase investment in digital technology over the next three years.