Artificial Intelligence (AI) in Mining – Thematic Intelligence
All the vital news, analysis, and commentary curated by our industry experts.
Explore in-depth trends and insights from the following data in our ‘Artificial Intelligence (AI) in Mining’ report:
- Understand the impact of the AI theme on the mining sector.
- Explore the impact of generative AI on the mining sector.
- Access the latest data on the AI theme within the mining sector.
- Access case study insights on leading players within the AI theme.
- Identify the leading digital transformation efforts from mining companies through investment into the AI theme.
How is the ‘Artificial Intelligence (AI) in Mining’ report different from other reports in the market?
- The AI theme is extremely prominent in mining, with companies desperate to find new methods to improve productivity and minimize costs, while also finding new sources of minerals. AI is already playing a big role; however, its influence will only grow in the years to come.
- It is an expensive investment for mining companies already suffering after the COVID-19 pandemic and the economic downturn that has come with it.
- The report will help businesses to make strategies with the help of use cases and an idea of challenges within the AI theme in mining.
We recommend this valuable source of information to anyone involved in:
- Technology Leaders and Start-ups
- Mining Companies
- Primes/OEMs/Clean Energy Technology Enterprises
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC Firms
- M&A/Investment, Management Consultants, and Consulting Firms
To get a snapshot of the artificial intelligence in mining thematic report, download a free report sample
AI in Mining Thematic Report Overview
Artificial intelligence drives efficiency in mining as it enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. These tools can reduce operational costs for mining companies. Although AI is already playing a big role, its influence will only grow in the years to come.
|Value Chain||· Hardware
· Data Management
· Foundation AI
· Advanced AI Capabilities
|Leading AI Adopters in Mining||· Anglo American
|Leading AI vendors||· Alibaba
· Alphabet (parent company of Google, Waymo, and DeepMind)
|Leading Specialist AI vendors in mining||· ABB
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AI in Mining – Industry Analysis
AI is a theme that already plays a massive role in most modern technologies with machine learning, robotic process automation, and computer vision all common across the different sectors. With the emergence of generative AI, GlobalData expects AI revenue to increase significantly by having a CAGR of more than 34% between 2022 and 2030.
AI Market Revenue, 2019-2030
To know more about the AI market forecast, download a free report sample
The AI in the mining industry analysis also covers:
- Mergers and acquisitions
- Patent trends
- Hiring trends
AI - Value Chain Analysis
The AI value chain consists of hardware, data management, foundation AI, advanced AI capabilities, and delivery.
Data management: AI technology relies on large amounts of data, often called big data, and the various aspects of managing that data feature prominently in the AI value chain. However, data management is not exclusive to AI and can be seen as a generic foundational layer. Big data is produced by all forms of digital activity: phone calls, emails, sensors, payments, social media posts, and much more. It is also produced by machines, both hardware, and software, in the form of machine-to-machine data exchanges. It is typically managed in data centers, either in the public cloud, corporate data centers, or end devices. Broadly speaking, the objective of data management is to secure the data (through data governance and security technology) and manage the data (by applying storage, processing, aggregation, and integration techniques).
AI Value Chain Analysis
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Artificial Intelligence in Mining - Competitive Landscape
Some of the leading adopters of AI:
- Anglo American
Some of the leading AI Vendors:
- Alphabet (parent company of Google, Waymo, and DeepMind)
Some of the Specialist AI vendors in mining:
To know more about the leading vendors, adopters, and specialists in the AI in mining sector, download a free report sample
Mining Sector Scorecard
The mining sector scorecard approach predicts tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen.
Mining Sector Scorecard Analysis
For more insights into the mining sector scorecard, download a free report sample
AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. These tools can reduce operational costs for mining companies. Autonomous machinery can also reduce the requirement for on-site workers, thereby removing them from potential hazards and improving safety. AI can help companies better understand the environment and terrain where exploitation is to begin. According to Glencore, this can save firms up to 80% of unnecessary costs.
Table of Contents
- 1. Executive Summary
- 2. Players
- 3. Mining Challenges
- 4. The Impact of AI on Mining
- 5. Case Studies
- 6. AI Timeline
- 7. Market Size and Growth Forecasts
- 8. Signals
- 8.1. Mergers and acquisitions
- 8.2. Patent trends
- 8.3. Hiring trends
- 9. AI Value Chain
- 9.1. Hardware
- 9.2. Data management
- 9.3. Foundational AI
- 9.4. Advanced AI capabilities
- 9.5. Delivery
- 10. Companies
- 11. Sector Scorecard
- 11.1. Mining Sector Scorecard
- 12. Glossary
- 13. Further Reading
- 14. Our Thematic Research Methodology
- 15. About GlobalData
- 16. Contact Us
Frequently asked questions
What are the components of the AI value chain?
The AI value chain consists of hardware, data management, foundation AI, advanced AI capabilities, and delivery.
Who are the leading adopters of the AI theme?
Some of the leading adopters of AI are Anglo American, BHP, and Boliden among others.
Who are the leading vendors in the AI theme?
Some of the leading vendors of AI are Alibaba, Alphabet (parent company of Google, Waymo, and DeepMind), and Amazon among others.
Who are the Specialist AI vendors in mining?
Some of the Specialist AI vendors in mining are ABB, Caterpillar, and Komatsu among others.
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