Mining & Natural Resources Archives - Page 8 of 8

How Data and AI Are Driving the Procurement Revolution

In today’s data-driven world, there’s more access to information than ever before. Maybe even too much. Take the domestic meat industry for example where the landscape has shifted dramatically, especially since the USDA began tracking volume and price on every ribeye and strip loin under the 1999 Livestock Mandatory Reporting Act. The sheer amount of […]

Machine VS the Intern

This doesn’t mean that our tasks are necessarily easy to execute, but rather that they are more efficiently facilitated by gadgetry. Being a young person in San Francisco, I exploit technology to exert as little effort towards any duty I need to manage on any given day. I am infantile...

Mike Neal, DecisionNext’s CEO & Co-Founder Weighs In On Improving Commodity Pricing Decisions

What’s the Biggest Decision-Making Challenge Facing Commodity Industries? Without a doubt, market volatility. And over the past decade, the volatility has only gotten greater. In the face of this uncertainty, commodity companies are routinely making multimillion-dollar decisions based on expected future prices with what amounts to gut feel and educated...

Three Reasons Why Iron Ore Prices Have Dropped So Dramatically

Here are the three key failings that led to this unwelcome surprise: 1. Forecasts didn’t stand up to even the simplest review When we look at Japan’s production, it peaked at ~110Mtpa of steel. China has just over 10 times the population of Japan, so 1.1 billion tonnes of production...

Where Meat-Buying Intuition Meets Artificial Intelligence

DecisionNext has produced this whitepaper which focuses on how its patented machine-learning technology combines with your industry expertise to produce a competitive edge. In this case, we will dive into how today’s new tools build powerful forecast scenarios in order to nail the timing of a buy for holiday beef ribs in highly unpredictable market […]

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