Australian Resources and Investment
Authors: Ali Soofastaei, Jeremy Davies, Edson Antonio
Date: March 2018
Data analytics is the science of examining raw data with the goal of discovering useful information, reaching conclusions about the meaning of the data and supporting decision-making. The main opportunity that data analytics presents for mining is its potential to identify, understand and then guide the correction of complex root causes of high costs, poor process performance and adverse maintenance practices. These root causes may be invisible to simple analysis or reporting methods. Data analytics can, therefore, reduce costs and accelerate better improve their bottom line performance.