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Exploration Radio

#7 - The mining industry...is it an innovation laggard?

Apr 25, 2017
Andrew Shook, a seasoned expert in technology and innovation within major mining firms like BHP Billiton and Rio Tinto, shares his insights on the industry's need for change. He argues that innovation isn't just optional; it's essential for profitability and sustainability. Shook discusses the challenges of adopting new technologies amidst market uncertainties and highlights the transformative potential of automation. He also emphasizes the importance of AI and data science in shaping the future of mining and the necessity for evolving educational programs to meet these demands.
37:28

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Quick takeaways

  • Innovation in the mining industry is essential and requires embracing change rather than relying on outdated methods for achieving goals.
  • The integration of advanced data analysis and automation is crucial for transforming traditional mining operations into more predictable and efficient processes.

Deep dives

Defining Innovation in Mining

Innovation is defined as directed change to achieve beneficial outcomes, particularly within the mining industry. It emphasizes not repeating the same processes but rather introducing new methods to fulfill objectives like profit maximization and environmental protection. The context of the industry suggests a duality among professionals, with some focused on foundational discovery while others aim to enhance existing structures. A historical perspective reveals the evolution of roles in the sector, with modern petroleum geoscientists differing significantly from those of previous generations.

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