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Machine Learning And Data Science In The Oil And Gas Industry

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Machine Learning and Data Science in the Oil and Gas Industry

Machine Learning and Data Science in the Oil and Gas Industry Book
Author : Patrick Bangert
Publisher : Gulf Professional Publishing
Release : 2021-03-04
ISBN : 0128209143
Language : En, Es, Fr & De

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Book Description :

Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value. Chart an overview of the techniques and tools of machine learning including all the non-technological aspects necessary to be successful Gain practical understanding of machine learning used in oil and gas operations through contributed case studies Learn change management skills that will help gain confidence in pursuing the technology Understand the workflow of a full-scale project and where machine learning benefits (and where it does not)

Machine Learning Guide for Oil and Gas Using Python

Machine Learning Guide for Oil and Gas Using Python Book
Author : Hoss Belyadi,Alireza Haghighat
Publisher : Gulf Professional Publishing
Release : 2021-04-09
ISBN : 0128219300
Language : En, Es, Fr & De

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Book Description :

Machine Learning Guide for Oil and Gas Using Python: A Step-by-Step Breakdown with Data, Algorithms, Codes, and Applications delivers a critical training and resource tool to help engineers understand machine learning theory and practice, specifically referencing use cases in oil and gas. The reference moves from explaining how Python works to step-by-step examples of utilization in various oil and gas scenarios, such as well testing, shale reservoirs and production optimization. Petroleum engineers are quickly applying machine learning techniques to their data challenges, but there is a lack of references beyond the math or heavy theory of machine learning. Machine Learning Guide for Oil and Gas Using Python details the open-source tool Python by explaining how it works at an introductory level then bridging into how to apply the algorithms into different oil and gas scenarios. While similar resources are often too mathematical, this book balances theory with applications, including use cases that help solve different oil and gas data challenges. Helps readers understand how open-source Python can be utilized in practical oil and gas challenges Covers the most commonly used algorithms for both supervised and unsupervised learning Presents a balanced approach of both theory and practicality while progressing from introductory to advanced analytical techniques

Machine Learning in the Oil and Gas Industry

Machine Learning in the Oil and Gas Industry Book
Author : Yogendra Narayan Pandey,Ayush Rastogi,Sribharath Kainkaryam,Srimoyee Bhattacharya,Luigi Saputelli
Publisher : Apress
Release : 2020-11-03
ISBN : 9781484260937
Language : En, Es, Fr & De

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Book Description :

Apply machine and deep learning to solve some of the challenges in the oil and gas industry. The book begins with a brief discussion of the oil and gas exploration and production life cycle in the context of data flow through the different stages of industry operations. This leads to a survey of some interesting problems, which are good candidates for applying machine and deep learning approaches. The initial chapters provide a primer on the Python programming language used for implementing the algorithms; this is followed by an overview of supervised and unsupervised machine learning concepts. The authors provide industry examples using open source data sets along with practical explanations of the algorithms, without diving too deep into the theoretical aspects of the algorithms employed. Machine Learning in the Oil and Gas Industry covers problems encompassing diverse industry topics, including geophysics (seismic interpretation), geological modeling, reservoir engineering, and production engineering. Throughout the book, the emphasis is on providing a practical approach with step-by-step explanations and code examples for implementing machine and deep learning algorithms for solving real-life problems in the oil and gas industry. What You Will Learn Understanding the end-to-end industry life cycle and flow of data in the industrial operations of the oil and gas industry Get the basic concepts of computer programming and machine and deep learning required for implementing the algorithms used Study interesting industry problems that are good candidates for being solved by machine and deep learning Discover the practical considerations and challenges for executing machine and deep learning projects in the oil and gas industry Who This Book Is For Professionals in the oil and gas industry who can benefit from a practical understanding of the machine and deep learning approach to solving real-life problems.

Applications of Artificial Intelligence Techniques in the Petroleum Industry

Applications of Artificial Intelligence Techniques in the Petroleum Industry Book
Author : Abdolhossein Hemmati Sarapardeh,Aydin Larestani,Nait Amar Menad,Sassan Hajirezaie
Publisher : Gulf Professional Publishing
Release : 2020-08-26
ISBN : 0128223855
Language : En, Es, Fr & De

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Book Description :

Applications of Artificial Intelligence Techniques in the Petroleum Industry gives engineers a critical resource to help them understand the machine learning that will solve specific engineering challenges. The reference begins with fundamentals, covering preprocessing of data, types of intelligent models, and training and optimization algorithms. The book moves on to methodically address artificial intelligence technology and applications by the upstream sector, covering exploration, drilling, reservoir and production engineering. Final sections cover current gaps and future challenges. Teaches how to apply machine learning algorithms that work best in exploration, drilling, reservoir or production engineering Helps readers increase their existing knowledge on intelligent data modeling, machine learning and artificial intelligence, with foundational chapters covering the preprocessing of data and training on algorithms Provides tactics on how to cover complex projects such as shale gas, tight oils, and other types of unconventional reservoirs with more advanced model input

Shale Analytics

Shale Analytics Book
Author : Shahab D. Mohaghegh
Publisher : Springer
Release : 2017-02-09
ISBN : 3319487531
Language : En, Es, Fr & De

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Book Description :

This book describes the application of modern information technology to reservoir modeling and well management in shale. While covering Shale Analytics, it focuses on reservoir modeling and production management of shale plays, since conventional reservoir and production modeling techniques do not perform well in this environment. Topics covered include tools for analysis, predictive modeling and optimization of production from shale in the presence of massive multi-cluster, multi-stage hydraulic fractures. Given the fact that the physics of storage and fluid flow in shale are not well-understood and well-defined, Shale Analytics avoids making simplifying assumptions and concentrates on facts (Hard Data - Field Measurements) to reach conclusions. Also discussed are important insights into understanding completion practices and re-frac candidate selection and design. The flexibility and power of the technique is demonstrated in numerous real-world situations.

Enhance Oil and Gas Exploration with Data Driven Geophysical and Petrophysical Models

Enhance Oil and Gas Exploration with Data Driven Geophysical and Petrophysical Models Book
Author : Keith R. Holdaway,Duncan H. B. Irving
Publisher : John Wiley & Sons
Release : 2017-10-04
ISBN : 1119302587
Language : En, Es, Fr & De

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Book Description :

Leverage Big Data analytics methodologies to add value to geophysical and petrophysical exploration data Enhance Oil & Gas Exploration with Data-Driven Geophysical and Petrophysical Models demonstrates a new approach to geophysics and petrophysics data analysis using the latest methods drawn from Big Data. Written by two geophysicists with a combined 30 years in the industry, this book shows you how to leverage continually maturing computational intelligence to gain deeper insight from specific exploration data. Case studies illustrate the value propositions of this alternative analytical workflow, and in-depth discussion addresses the many Big Data issues in geophysics and petrophysics. From data collection and context through real-world everyday applications, this book provides an essential resource for anyone involved in oil and gas exploration. Recent and continual advances in machine learning are driving a rapid increase in empirical modeling capabilities. This book shows you how these new tools and methodologies can enhance geophysical and petrophysical data analysis, increasing the value of your exploration data. Apply data-driven modeling concepts in a geophysical and petrophysical context Learn how to get more information out of models and simulations Add value to everyday tasks with the appropriate Big Data application Adjust methodology to suit diverse geophysical and petrophysical contexts Data-driven modeling focuses on analyzing the total data within a system, with the goal of uncovering connections between input and output without definitive knowledge of the system's physical behavior. This multi-faceted approach pushes the boundaries of conventional modeling, and brings diverse fields of study together to apply new information and technology in new and more valuable ways. Enhance Oil & Gas Exploration with Data-Driven Geophysical and Petrophysical Models takes you beyond traditional deterministic interpretation to the future of exploration data analysis.

Data Driven Analytics for the Geological Storage of CO2

Data Driven Analytics for the Geological Storage of CO2 Book
Author : Shahab Mohaghegh
Publisher : CRC Press
Release : 2018-05-20
ISBN : 1315280795
Language : En, Es, Fr & De

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Book Description :

Data-driven analytics is enjoying unprecedented popularity among oil and gas professionals. Many reservoir engineering problems associated with geological storage of CO2 require the development of numerical reservoir simulation models. This book is the first to examine the contribution of artificial intelligence and machine learning in data-driven analytics of fluid flow in porous environments, including saline aquifers and depleted gas and oil reservoirs. Drawing from actual case studies, this book demonstrates how smart proxy models can be developed for complex numerical reservoir simulation models. Smart proxy incorporates pattern recognition capabilities of artificial intelligence and machine learning to build smart models that learn the intricacies of physical, mechanical and chemical interactions using precise numerical simulations. This ground breaking technology makes it possible and practical to use high fidelity, complex numerical reservoir simulation models in the design, analysis and optimization of carbon storage in geological formations projects.

Bits Bytes and Barrels

Bits  Bytes  and Barrels Book
Author : Geoffrey Cann,Rachael Goydan
Publisher : Madcann Press
Release : 2019-01-08
ISBN : 9781999514907
Language : En, Es, Fr & De

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Book Description :

The oil and gas industry is at a crossroads. Recent low prices, rapidly growing alternative fuels like renewables, the permanent swing from peak oil to super abundance, shifting consumer preferences, and global pressures to decarbonize suggest a challenged industry for the foreseeable future. Digital advances offer ways to lower costs of production, improve productivity, reduce carbon emissions, and regain public confidence. A wait-and-see attitude to digital innovation has failed many industries already, and the leaders of oil and gas urgently need guidance on how digital both disrupts and enhances their industry. Written by the world's leading experts on the intersection of digital technologies and the oil and gas industry, Bits, Bytes, and Barrels sets out the reasons why adoption is slow, describes the size and scale of both the opportunity and the threat from digital, identifies the key digital technologies and the role that they play in a digital future, and recommends a set of actions for leaders to take to accelerate the adoption of digital in the business. Providing an independent and expert perspective, Bits, Bytes, and Barrels addresses the impacts of digital across the breadth of the industry--from onshore to offshore, from upstream to midstream to integrated--and outlines a roadmap to help the decision-makers at all levels of the industry take meaningful action toward promising and rewarding digital adoption.

Machine Learning Guide for Oil and Gas Using Python

Machine Learning Guide for Oil and Gas Using Python Book
Author : Hoss Belyadi,Alireza Haghighat
Publisher : Elsevier
Release : 2021-04-13
ISBN : 0128219297
Language : En, Es, Fr & De

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Book Description :

Machine Learning Guide for Oil and Gas Using Python: A Step-by-Step Breakdown with Data, Algorithms, Codes, and Applications delivers a critical training and resource tool to help engineers understand machine learning theory and practice, specifically referencing use cases in oil and gas. The reference moves from explaining how Python works to step-by-step examples of utilization in various oil and gas scenarios, such as well testing, shale reservoirs and production optimization. Petroleum engineers are quickly applying machine learning techniques to their data challenges, but there is a lack of references beyond the math or heavy theory of machine learning. Machine Learning Guide for Oil and Gas Using Python details the open-source tool Python by explaining how it works at an introductory level then bridging into how to apply the algorithms into different oil and gas scenarios. While similar resources are often too mathematical, this book balances theory with applications, including use cases that help solve different oil and gas data challenges. Helps readers understand how open-source Python can be utilized in practical oil and gas challenges Covers the most commonly used algorithms for both supervised and unsupervised learning Presents a balanced approach of both theory and practicality while progressing from introductory to advanced analytical techniques

Harness Oil and Gas Big Data with Analytics

Harness Oil and Gas Big Data with Analytics Book
Author : Keith R. Holdaway
Publisher : John Wiley & Sons
Release : 2014-05-05
ISBN : 1118910893
Language : En, Es, Fr & De

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Book Description :

Use big data analytics to efficiently drive oil and gas exploration and production Harness Oil and Gas Big Data with Analytics provides a complete view of big data and analytics techniques as they are applied to the oil and gas industry. Including a compendium of specific case studies, the book underscores the acute need for optimization in the oil and gas exploration and production stages and shows how data analytics can provide such optimization. This spans exploration, development, production and rejuvenation of oil and gas assets. The book serves as a guide for fully leveraging data, statistical, and quantitative analysis, exploratory and predictive modeling, and fact-based management to drive decision making in oil and gas operations. This comprehensive resource delves into the three major issues that face the oil and gas industry during the exploration and production stages: Data management, including storing massive quantities of data in a manner conducive to analysis and effectively retrieving, backing up, and purging data Quantification of uncertainty, including a look at the statistical and data analytics methods for making predictions and determining the certainty of those predictions Risk assessment, including predictive analysis of the likelihood that known risks are realized and how to properly deal with unknown risks Covering the major issues facing the oil and gas industry in the exploration and production stages, Harness Big Data with Analytics reveals how to model big data to realize efficiencies and business benefits.

Artificial Intelligence Machine Learning and Data Science Technologies

Artificial Intelligence  Machine Learning  and Data Science Technologies Book
Author : Neeraj Mohan,Ruchi Singla,Priyanka Kaushal,Seifedine Kadry
Publisher : CRC Press
Release : 2021-10-12
ISBN : 1000460541
Language : En, Es, Fr & De

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Book Description :

This book provides a comprehensive, conceptual, and detailed overview of the wide range of applications of Artificial Intelligence, Machine Learning, and Data Science and how these technologies have an impact on various domains such as healthcare, business, industry, security, and how all countries around the world are feeling this impact. The book aims at low-cost solutions which could be implemented even in developing countries. It highlights the significant impact these technologies have on various industries and on us as humans. It provides a virtual picture of forthcoming better human life shadowed by the new technologies and their applications and discusses the impact Data Science has on business applications. The book will also include an overview of the different AI applications and their correlation between each other. The audience is graduate and postgraduate students, researchers, academicians, institutions, and professionals who are interested in exploring key technologies like Artificial Intelligence, Machine Learning, and Data Science.

Machine Learning and Data Science in the Power Generation Industry

Machine Learning and Data Science in the Power Generation Industry Book
Author : Patrick Bangert
Publisher : Elsevier
Release : 2021-01-14
ISBN : 0128226005
Language : En, Es, Fr & De

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Book Description :

Machine Learning and Data Science in the Power Generation Industry explores current best practices and quantifies the value-add in developing data-oriented computational programs in the power industry, with a particular focus on thoughtfully chosen real-world case studies. It provides a set of realistic pathways for organizations seeking to develop machine learning methods, with a discussion on data selection and curation as well as organizational implementation in terms of staffing and continuing operationalization. It articulates a body of case study–driven best practices, including renewable energy sources, the smart grid, and the finances around spot markets, and forecasting. Provides best practices on how to design and set up ML projects in power systems, including all nontechnological aspects necessary to be successful Explores implementation pathways, explaining key ML algorithms and approaches as well as the choices that must be made, how to make them, what outcomes may be expected, and how the data must be prepared for them Determines the specific data needs for the collection, processing, and operationalization of data within machine learning algorithms for power systems Accompanied by numerous supporting real-world case studies, providing practical evidence of both best practices and potential pitfalls

Data Analytics in Reservoir Engineering

Data Analytics in Reservoir Engineering Book
Author : Sathish Sankaran,Sebastien Matringe,Mohamed Sidahmed
Publisher : Unknown
Release : 2020-10-29
ISBN : 9781613998205
Language : En, Es, Fr & De

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Book Description :

Data Analytics in Reservoir Engineering describes the relevance of data analytics for the oil and gas industry, with particular emphasis on reservoir engineering.

Data Analytics in the Era of the Industrial Internet of Things

Data Analytics in the Era of the Industrial Internet of Things Book
Author : Aldo Dagnino
Publisher : Springer Nature
Release : 2021-02-05
ISBN : 3030631397
Language : En, Es, Fr & De

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Book Description :

This book presents the characteristics and benefits industrial organizations can reap from the Industrial Internet of Things (IIoT). These characteristics and benefits include enhanced competitiveness, increased proactive decision-making, improved creativity and innovation, augmented job creation, heightened agility to respond to continuously changing challenges, and intensified data-driven decision making. In a straightforward fashion, the book also helps readers understand complex concepts that are core to IIoT enterprises, such as Big Data, analytic architecture platforms, machine learning (ML) and data science algorithms, and the power of visualization to enrich the domains experts’ decision making. The book also guides the reader on how to think about ways to define new business paradigms that the IIoT facilitates, as well how to increase the probability of success in managing analytic projects that are the core engine of decision-making in the IIoT enterprise. The book starts by defining an IIoT enterprise and the framework used to efficiently operate. A description of the concepts of industrial analytics, which is a major engine for decision making in the IIoT enterprise, is provided. It then discusses how data and machine learning (ML) play an important role in increasing the competitiveness of industrial enterprises that operate using the IIoT technology and business concepts. Real world examples of data driven IIoT enterprises and various business models are presented and a discussion on how the use of ML and data science help address complex decision-making problems and generate new job opportunities. The book presents in an easy-to-understand manner how ML algorithms work and operate on data generated in the IIoT enterprise. Useful for any industry professional interested in advanced industrial software applications, including business managers and professionals interested in how data analytics can help industries and to develop innovative business solutions, as well as data and computer scientists who wish to bridge the analytics and computer science fields with the industrial world, and project managers interested in managing advanced analytic projects.

Artificial Intelligence and Data Analytics for Energy Exploration and Production

Artificial Intelligence and Data Analytics for Energy Exploration and Production Book
Author : Fred Aminzadeh,Cenk Temizel,Yasin Hajizadeh
Publisher : John Wiley & Sons
Release : 2022-09-21
ISBN : 1119879698
Language : En, Es, Fr & De

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Book Description :

ARTIFICAL INTELLIGENCE AND DATA ANALYTICS FOR ENERGY EXPLORATION AND PRODUCTION This groundbreaking new book is written by some of the foremost authorities on the application of data science and artificial intelligence techniques in exploration and production in the energy industry, covering the most comprehensive and updated new processes, concepts, and practical applications in the field. The book provides an in-depth treatment of the foundations of Artificial Intelligence (AI) Machine Learning, and Data Analytics (DA). It also includes many of AI-DA applications in oil and gas reservoirs exploration, development, and production. The book covers the basic technical details on many tools used in “smart oil fields”. This includes topics such as pattern recognition, neural networks, fuzzy logic, evolutionary computing, expert systems, artificial intelligence machine learning, human-computer interface, natural language processing, data analytics and next-generation visualization. While theoretical details will be kept to the minimum, these topics are introduced from oil and gas applications viewpoints. In this volume, many case histories from the recent applications of intelligent data to a number of different oil and gas problems are highlighted. The applications cover a wide spectrum of practical problems from exploration to drilling and field development to production optimization, artificial lift, and secondary recovery. Also, the authors demonstrate the effectiveness of intelligent data analysis methods in dealing with many oil and gas problems requiring combining machine and human intelligence as well as dealing with linguistic and imprecise data and rules.

Advances in Subsurface Data Analytics

Advances in Subsurface Data Analytics Book
Author : Shuvajit Bhattacharya,Haibin Di
Publisher : Elsevier
Release : 2022-05-18
ISBN : 0128223081
Language : En, Es, Fr & De

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Book Description :

Advances in Subsurface Data Analytics: Traditional and Physics-Based Approaches brings together the fundamentals of popular and emerging machine learning (ML) algorithms with their applications in subsurface analysis, including geology, geophysics, petrophysics, and reservoir engineering. The book is divided into four parts: traditional ML, deep learning, physics-based ML, and new directions, with an increasing level of diversity and complexity of topics. Each chapter focuses on one ML algorithm with a detailed workflow for a specific application in geosciences. Some chapters also compare the results from an algorithm with others to better equip the readers with different strategies to implement automated workflows for subsurface analysis. Advances in Subsurface Data Analytics: Traditional and Physics-Based Approaches will help researchers in academia and professional geoscientists working on the subsurface-related problems (oil and gas, geothermal, carbon sequestration, and seismology) at different scales to understand and appreciate current trends in ML approaches, their applications, advances and limitations, and future potential in geosciences by bringing together several contributions in a single volume. Covers fundamentals of simple machine learning and deep learning algorithms, and physics-based approaches written by practitioners in academia and industry Presents detailed case studies of individual machine learning algorithms and optimal strategies in subsurface characterization around the world Offers an analysis of future trends in machine learning in geosciences

Methods for Petroleum Well Optimization

Methods for Petroleum Well Optimization Book
Author : Rasool Khosravanian,Bernt S. Aadnoy
Publisher : Gulf Professional Publishing
Release : 2021-09-22
ISBN : 0323902324
Language : En, Es, Fr & De

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Book Description :

Drilling and production wells are becoming more digitalized as oil and gas companies continue to implement machine learning and big data solutions to save money on projects while reducing energy and emissions. Up to now there has not been one cohesive resource that bridges the gap between theory and application, showing how to go from computer modeling to practical use. Methods for Petroleum Well Optimization: Automation and Data Solutions gives today’s engineers and researchers real-time data solutions specific to drilling and production assets. Structured for training, this reference covers key concepts and detailed approaches from mathematical to real-time data solutions through technological advances. Topics include digital well planning and construction, moving teams into Onshore Collaboration Centers, operations with the best machine learning (ML) and metaheuristic algorithms, complex trajectories for wellbore stability, real-time predictive analytics by data mining, optimum decision-making, and case-based reasoning. Supported by practical case studies, and with references including links to open-source code and fit-for-use MATLAB, R, Julia, Python and other standard programming languages, Methods for Petroleum Well Optimization delivers a critical training guide for researchers and oil and gas engineers to take scientifically based approaches to solving real field problems. Bridges the gap between theory and practice (from models to code) with content from the latest research developments supported by practical case study examples and questions at the end of each chapter Enables understanding of real-time data solutions and automation methods available specific to drilling and production wells, such as digital well planning and construction through to automatic systems Promotes the use of open-source code which will help companies, engineers, and researchers develop their prediction and analysis software more quickly; this is especially appropriate in the application of multivariate techniques to the real-world problems of petroleum well optimization

Deep Learning Techniques and Optimization Strategies in Big Data Analytics

Deep Learning Techniques and Optimization Strategies in Big Data Analytics Book
Author : Thomas, J. Joshua,Karagoz, Pinar,Ahamed, B. Bazeer,Vasant, Pandian
Publisher : IGI Global
Release : 2019-11-29
ISBN : 1799811948
Language : En, Es, Fr & De

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Book Description :

Many approaches have sprouted from artificial intelligence (AI) and produced major breakthroughs in the computer science and engineering industries. Deep learning is a method that is transforming the world of data and analytics. Optimization of this new approach is still unclear, however, and there’s a need for research on the various applications and techniques of deep learning in the field of computing. Deep Learning Techniques and Optimization Strategies in Big Data Analytics is a collection of innovative research on the methods and applications of deep learning strategies in the fields of computer science and information systems. While highlighting topics including data integration, computational modeling, and scheduling systems, this book is ideally designed for engineers, IT specialists, data analysts, data scientists, engineers, researchers, academicians, and students seeking current research on deep learning methods and its application in the digital industry.

Machine Learning Applications in Subsurface Energy Resource Management

Machine Learning Applications in Subsurface Energy Resource Management Book
Author : Srikanta Mishra
Publisher : CRC Press
Release : 2022-12-27
ISBN : 1000823873
Language : En, Es, Fr & De

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Book Description :

The utilization of machine learning (ML) techniques to understand hidden patterns and build data-driven predictive models from complex multivariate datasets is rapidly increasing in many applied science and engineering disciplines, including geo-energy. Motivated by these developments, Machine Learning Applications in Subsurface Energy Resource Management presents a current snapshot of the state of the art and future outlook for ML applications to manage subsurface energy resources (e.g., oil and gas, geologic carbon sequestration, and geothermal energy). Covers ML applications across multiple application domains (reservoir characterization, drilling, production, reservoir modeling, and predictive maintenance) Offers a variety of perspectives from authors representing operating companies, universities, and research organizations Provides an array of case studies illustrating the latest applications of several ML techniques Includes a literature review and future outlook for each application domain This book is targeted at practicing petroleum engineers or geoscientists interested in developing a broad understanding of ML applications across several subsurface domains. It is also aimed as a supplementary reading for graduate-level courses and will also appeal to professionals and researchers working with hydrogeology and nuclear waste disposal.

Advanced Analytics in Mining Engineering

Advanced Analytics in Mining Engineering Book
Author : Ali Soofastaei
Publisher : Springer Nature
Release : 2022-03-27
ISBN : 3030915891
Language : En, Es, Fr & De

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Book Description :

In this book, Dr. Soofastaei and his colleagues reveal how all mining managers can effectively deploy advanced analytics in their day-to-day operations- one business decision at a time. Most mining companies have a massive amount of data at their disposal. However, they cannot use the stored data in any meaningful way. The powerful new business tool-advanced analytics enables many mining companies to aggressively leverage their data in key business decisions and processes with impressive results. From statistical analysis to machine learning and artificial intelligence, the authors show how many analytical tools can improve decisions about everything in the mine value chain, from exploration to marketing. Combining the science of advanced analytics with the mining industrial business solutions, introduce the “Advanced Analytics in Mining Engineering Book” as a practical road map and tools for unleashing the potential buried in your company’s data. The book is aimed at providing mining executives, managers, and research and development teams with an understanding of the business value and applicability of different analytic approaches and helping data analytics leads by giving them a business framework in which to assess the value, cost, and risk of potential analytical solutions. In addition, the book will provide the next generation of miners – undergraduate and graduate IT and mining engineering students – with an understanding of data analytics applied to the mining industry. By providing a book with chapters structured in line with the mining value chain, we will provide a clear, enterprise-level view of where and how advanced data analytics can best be applied. This book highlights the potential to interconnect activities in the mining enterprise better. Furthermore, the book explores the opportunities for optimization and increased productivity offered by better interoperability along the mining value chain – in line with the emerging vision of creating a digital mine with much-enhanced capabilities for modeling, simulation, and the use of digital twins – in line with leading “digital” industries.