Cognitive Computing To Enhance Metal Ore Mining Operations!
Posted by ananth on November 12th, 2018
Other metal ore mining companies are starting to use cognitive computing to enhance the decision-making capabilities in mining operations. The ability of cognitive computing to give insights on future trends of the industry and make real-time decisions are some of the driving factors for mining companies to implement this technology. The key areas where cognitive computing and predictive technology helps mining companies include giving accurate information on drilling locations, depth to be drilled, predicting the equipment failure in advance and autonomous transportation. Goldcorp is using IBM Watson to analyze drilling reports and geological survey reports. This approach assists geologists with the exploration process and by helping them to make more accurate, data-driven decisions.
THE BUSINESS RESEARCH COMPANY VALUED THE ALL OTHER METAL ORE MINING MARKET AT BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for three-fourth of the global market.
According to The Business Research Company’s Consultant, Nitin Gianchandani, the use of robots in the metal ore mining industry is improving the efficiency and productivity of mines and reduces operational costs. Robotics is significantly increasing the mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce. Robots are used in some critical mining activities such as drilling, blasting explosives in the mines, and guiding and driving off-highway haul trucks operating in mines. RioTinto has deployed driverless trucks and robotic rock drilling rigs to haul the ore 24 hours a day and reported 15% reduction in operating costs. For instance, BHP Billiton has also rolled out driverless trucks and drills in its iron ore mines.
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All other metal ore mining includes the development of mine site, mining and beneficiating other metal ores except iron and manganiferous ores valued for their iron content, gold ore, silver ore, uranium, and vanadium ores. Some examples of the metal ores included in this industry are antimony ores, rare earth metal ores, columbite ores, tantalum ores, ilmenite ores, tungsten ores, and molybdenum ores.
All Other Metal Ore Mining Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at 00 for an individual user. To use across your office, the price is 00 and 00 if you wish to use across a multinational company.
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About the Authorananth
Joined: June 11th, 2018
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