Business Challenges n the current [mining] economic climate, minimizing costs...
Predict Iron Ore Demand inChineseSteel Market; Using Artificial Intelligence
Predict Iron Ore Demand inChineseSteel Market; Using Artificial Intelligence
- September 5, 2022
- Posted by: admina
- Category: Uncategorized
Business Challenges
The Vale marketing intelligence team provides insights on a wide range business area for important decision making. These insights rederived combining several individuals excel based models coming from different team members (each responsible for a particular sub-topic).As the complexity of analysis/ forecast is increasing, team is finding it difficult to maintain and consolidate the different excel based models. Thesis leading to longer time for consolidating analysis and poses a risk for the quality of output (in terms of duplicates and inconsistence in sources; lack of integration between the sub-teams; Slowness to generate and consolidate results from models that are not coupled and back-feed byother components, leading to loss of productivity and time dedicated for more advanced analysis).In order tagin deeper insights, marketing team wants to leverage advanced analytics capability of Vale AI Centre to develop a custom AIproductfor with integrated forecasting models.This model can track the vessels movement and predict their final destinations. The AI model will supportby an automated pipeline to feed the required data to the model and the users have access to a comprehensive dashboard. All process will behappened online as a cloud base application
Suggested Solution
In order to gain deeper insights, marketing team wants to leverage advanced analytics capability of Vale AI Centre to develop a custom AIproductfor with integrated forecasting models.This model can track the vessels movement and predict their final destinations. The AI model will support by an automated pipeline to feed the required data to the model and the users have access to a comprehensive dashboard. All process will behappened online as a cloud base application.
Project Info
Start Date
Jan 2022
Duration
Location
Singapore–Brazil–Switzerland
Keywords:
Related Projects
Business Challenges Diesel fuel is a significant source of energy...
The Effects of Payload Variance on Haul Truck Energy Consumption, Greenhouse Gas Emissions, and Cost
Business Challenges The data collected from truck payload management systems...