A REVIEW OF PREDICTIVE ANALYTICS IN THE EXPLORATION AND MANAGEMENT OF U.S. GEOLOGICAL RESOURCES

Authors

  • Michael Ayorinde Dada Sychar Water Technologies, Houston, Texas, USA
  • Johnson Sunday Oliha Independent Researcher, Lagos, Nigeria
  • Michael Tega Majemite Technical University Darmstadt, Germany
  • Alexander Obaigbena Darey.io, United Kingdom
  • Preye Winston Biu INEC Nigeria

DOI:

https://doi.org/10.51594/estj.v5i2.763

Abstract

In an era where technological advancements are reshaping the landscape of resource management, this paper delves into the transformative role of predictive analytics in the exploration and management of geological resources in the United States. The study's backdrop is set against the burgeoning need for innovative approaches in geological exploration, driven by environmental, economic, and technological imperatives. The primary aim of this comprehensive review is to dissect the multifaceted contributions of predictive analytics in enhancing the efficiency, accuracy and sustainability of geological resource exploration. The scope of the paper encompasses a detailed examination of the integration of predictive analytics in geological exploration, focusing on its economic benefits, environmental sustainability implications and adherence to legal and ethical standards. Methodologically, the study employs a qualitative analysis of existing literature and case studies, juxtaposing traditional exploration methods with modern predictive analytic techniques. It further investigates the economic impact of predictive analytics implementation, the role of predictive models in identifying new geological resources and the strategic implications for sustainable resource management. The findings reveal that predictive analytics significantly enhances risk assessment, resource identification, and environmental management in geological exploration. The economic analysis underscores the cost-effectiveness and efficiency of predictive analytics, while strategic implications highlight the need for an integrated approach to sustainable resource management. Conclusively, the study recommends policy reforms and regulatory frameworks that align with technological advancements to ensure sustainable and prosperous geological resource management. It advocates for embracing advanced tools to navigate the complexities of resource exploration and management, ensuring a balance between economic viability and environmental sustainability.

Keywords: Predictive Analytics, Geological Exploration, Resource Management, Sustainability, Technological Advancements, Policy Reforms.

Published

2024-02-07

How to Cite

Michael Ayorinde Dada, Johnson Sunday Oliha, Michael Tega Majemite, Alexander Obaigbena, & Preye Winston Biu. (2024). A REVIEW OF PREDICTIVE ANALYTICS IN THE EXPLORATION AND MANAGEMENT OF U.S. GEOLOGICAL RESOURCES. Engineering Science & Technology Journal, 5(2), 313-337. https://doi.org/10.51594/estj.v5i2.763

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Articles