IIoTM: Accenture banks on AI-ML to deliver value to mining companies

Dublin-based Accenture is banking on Artificial Intelligence and Machine Learning-backed future-proof tools to serve the large mining companies in India. It is spending $3 billion on artificial intelligence

“We have identified AI-ML based digital solutions implemented to deliver impact across all components of the mining value chain,” Vinod Kumar Pathak, Managing Director and Lead – Industry X at Accenture India, said, adding that the company is establishing itself as a leading global organisation with a focus on inclusion, safety and environment with a ‘model mine of the future.’

Pathak was speaking at the fifth edition of the India Inc on the Move (IIoTM), organised by the Economic Times Business Verticals together with Rockwell Automation.

The company, according to him, is working with the world’s largest coal mining companies. “Improvement in data analytics is going from reactive mode to creative mode.”

It has expanded data and AI practice to offer new industry solutions and pre-built models to help companies across 19 industries drive value

The top executive also said that data availability is a key thing while the industrial software maturity is now evolving.

Right data is not available at the speed of business, he said, adding that soft sensing use cases are not available to predict correct outcome due to unavailability of trusted data at scale at the right time.

“Data from connected systems must be transformed, contextualised and made available in a consistent and consumable form of data solutions.”

The day-long IIoTM brought together as many as 1,000 delegates from multiple companies from across the country.