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Accenture, a leading global professional services company, has announced that it plans to launch a new Applied Intelligence Studio for Mining in Johannesburg, South Africa. The studio will apply the latest in data science and artificial intelligence technologies with new data sources for real-time co-creation of innovative digital solutions, which can help mining companies solve some of their hardest analytical problems.

According to a statement released by Accenture on Tuesday, the new applied intelligence studio is expected to open later this month. It will combine the data science capabilities from Accenture Applied Intelligence and industry expertise from Accenture’s mining industry group.

“Volatile commodity prices, rising input costs and changing global demand for commodities require mining companies to rethink their strategies and business models to remain competitive,” said Rachel Bartels, Lead Managing Director at Accenture. “They are increasingly looking to apply advanced analytics to reimagine processes, unlock trapped value and drive operational excellence in their businesses today and position themselves for growth tomorrow.”

Located in Johannesburg, the studio will give global and local clients access to deep mining expertise, given the importance of the mining sector in South Africa and the strong focus of local universities on mining and data skills.

“We are currently recruiting data scientists with engineering and mining experience to rapidly scale the studio’s capabilities,” said Caroline Belrose, Accenture Applied Intelligence and data science lead for Africa. “They will join Accenture Applied Intelligence’s global team of more than 3,000 data scientists and work with our global, digital and local Accenture teams to deliver solutions to address the mining sector’s unique challenges as well as priorities.”

Accenture Applied Intelligence is part of Accenture Digital and it applies artificial intelligence and human ingenuity at the core of business to help clients solve their most complex business problems.