According to the statistical portal Statista, the Artificial intelligence (IA) is one of the areas with the greatest economic projection in the short term. It is estimated that the value of the AI it could reach 300 million dollars by 2025.
Likewise, this technology will improve, by 2030, the productivity of the mining industry, energy and public services by 5.5%.
In this regard, Bernd Kratz, founder and general manager of Castalytics GmbH, a company specialized in applying Artificial Intelligence to different industries, reveals that the application of AI can increase the value of systems and products by up to 25%.
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“Traditional mining, as we know it, has evolved with the advent of disruptive technologies that manage to reduce maintenance costs, minimize energy consumption and contribute to reduce greenhouse gases, thus favoring sustainability”, says the executive.
During the VII Mining Forum ‘Smart and Sustainable Mining’organized by the Peruvian-German Chamber of Commerce and Industry (AHK Peru), the expert highlighted that, with the implementation of AI, lompanies can gain new insights into production and corporate governance, harness previously unrecognized business potential to make businesses more sustainable for the future.
The success of data processing:
The Castalytics executive explains that AI helps to correlate large amounts of data, and the more data the company has, the more accurate information can be obtained. “Artificial Intelligence digests information from data and then transforms it into something useful,” he noted.
He also explained that intelligent mining, based on AI, has a harmonization between its data, autonomous machines and advanced technologies, since this allows anticipating unexpected failures and, in this way, avoids economic losses for the mining company.
