Seequent, the Bentley Subsurface company, says mining and civil geoprofessionals turning to AI still struggle to unlock value from increasingly complex, multisource datasets, according to its 7th Geoprofessionals Data Management Report.
The global report, based on a survey of more than 1,000 geoprofessionals worldwide, highlights teams grappling with complex datasets across multiple software platforms, un-managed historical data and significant time spent on routine data administration.
Angela Harvey, Chief Customer Officer, Seequent, said: “According to the report findings, geoprofessionals on average spend over a quarter of their time on data management. They are actively seeking to harness the information it contains for competitive advantage, but limited data frameworks mean too much time is spent managing data, versus interpreting results.”
Both civil and mining geoprofessionals cite issues with data quality, integrating diverse sources and accessing good quality historical data, with many organisations lacking a centralised ‘single source of truth’. At the same time, AI momentum is building. Across all industries 51% of organisations are now using or at least considering using AI, increasing from just 30% two years ago, the report claims.
“Data is the most valuable asset of any organisation, and it’s clear from our report that both the civil sector and the mining sector are ready to unlock that value,” Harvey said. “The surge in AI consideration shows a clear appetite for innovation. The opportunity now is to build the data foundations that will allow these technologies to thrive and deliver on their promise of a more efficient and sustainable future.”
In mining, 80% of geoprofessionals view data management as being of high or critical importance. Mining geoprofessionals spend almost a third of their time on data management tasks. Yet foundational frameworks lag: only 39% of mining organisations have a defined data management framework, the report shows.
Dr Janina Elliott, Segment Director, Mining, Seequent, said: “In mining, data isn’t just a byproduct of operations but the core asset that drives every decision, from exploration to reclamation. Our report shows that the industry is laser-focused on data management, but it also highlights the next major challenge: unlocking the full value from current and historical data, as the mining industry positions itself for a future where AI and automation will be increasingly important.”
The post Geoprofessionals increasingly turning to AI amid data management drain, Seequent survey says appeared first on International Mining.