Since OpenAI launched ChatGPT to the public in November 2022, artificial intelligence (AI) has exploded into the mainstream, becoming a gold mine for companies that were early adopters of it.
Table of Contents:
The Mining Industry and Artificial Intelligence
What are the implications of AI for the mining industry? Can AI help revitalize investments in the chronically underfunded exploration phase? Can it provide the tools businesses need to improve operational efficiency?
The Mining Industry and Technology
Terms like AI and machine learning may seem to have exploded on the scene recently, but the reality is that they’ve been around since the 1940s. So it should come as no surprise that an industry rooted in science has been using these technologies for decades, not only to improve extraction and processing, but also to aid in discovery
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Current Use of AI in the Mining Industry
The data modeling tools used by Great Bear are still widely used in the mining industry, but they are entering a new phase of evolution with the more widespread adoption of AI and machine learning and their closer integration into GIS tools.
Impact on Operational Efficiency and Investors
Efficiency is more than anything else a result of the true potential of AI, which helps companies maximize their chances of making a bigger discovery, whether it’s helping to expand resources or finding a completely unknown repository.
Right now, AI seems to be making inroads into the mining industry. If it maintains even half of the potential its supporters suggest, it should help drive discovery and attract new investment in a sector that has lacked both for some time
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