Pit & Quarry, May 2018
MANAGEMENT For an industry operating on slim profit margins a new field has emerged that will separate the next winners and losers BY RON HENDRICKSON A 12 PIT QUARRY May 2018 pitandquarry com ISTOCK COM GRANDEDUC KASJATO 2017 article in The Economist claims that the worlds most valuable resource is no longer oil but data Back in 2012 Harvard Business Review published an article titled Data Scientist The Sexiest Job of the 21st Century Statements like these refer to a field called data science artificial intelligence machine learning or data mining Simply put data science is the extraction of insights or knowledge from data with the use of statistics computer algorithms data visualization and other disciplines Great but why should you care as a miner Early practitioners insist they possess a competitive advantage with it thats why What does that mean to us in the mining industry Is it just another management fad that will be gone in a few years or can it help us improve our bottom lines
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