Goldcorp Challenge

The Goldcorp Challenge was an innovative competition launched in 2000 by the Canadian mining company Goldcorp to improve gold exploration methods. It invited geologists and data scientists worldwide to analyze its mining data and share techniques for locating undiscovered gold deposits. By offering substantial prizes, the challenge encouraged collaboration and the use of advanced technology. The competition successfully yielded new insights and methods, demonstrating how crowdsourcing and open innovation can solve complex problems in the mining industry, ultimately resulting in increased efficiency and profitability.