Digitization has arrived in the mining sector as it has in almost every corner of the economy. From exploration and prospecting to development and production, Industry 4.0 is taking hold. One report projects the global smart mining market to grow from USD 6.8 billion in 2019 to USD 20.31 billion by 2025.
Baker McKenzie, a global law firm, has delved into some of the ways new technologies will affect the mining industry: 3D modelling will improve miners’ ability to accurately render deposits; AI will allow them to crunch their big data to more precisely choose their digging locations; drones will lower surveying costs.
Read the insight here.