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IDC FutureScape: Worldwide Mining 2019 Predictions

IDC FutureScape: Worldwide Mining 2019 Predictions

This IDC study contains the outlook of IDC Energy Insights' analyst team for the worldwide mining industry for 2019–2023. The outlook is presented through the lens of the 10 predictions that make up, in IDC Energy Insights' view, the framework for IT and line-of-business (LOB) decision makers and influencers' technology-related initiatives in the year ahead."In 2017, the mining sector was understanding DX; in 2018, it happened. Digital-led transformation is now on the agenda for mining companies across the industry. However, challenges still remain in bringing together traditionally siloed functions. Mining companies must tackle the need for consistent, company-level strategy and direction and be clear about what that strategy setting tells them about how their business needs to be operated, measured, and organised. Without this focus, companies will not be in a position to take advantage of the potential value that digitally transforming presents," says Emilie Ditton, associate VP, IDC Energy Insights.

Please Note: Extended description available upon request.


IDC FutureScape Figure
Executive Summary
IDC FutureScape Predictions
Summary of External Drivers
Predictions: Impact on Technology Buyers
Prediction 1: Haulage Automation Will Increase by 30% to 2020 as OEMs Collaborate Across New Ecosystems, Bringing Together Connectivity, AI Enablement, and an Integrated Platform-Based Management Environment
Associated Drivers
IT Impact
Guidance
Prediction 2: Mining Companies That Fail to Integrate at Least 50% of Their Operations and IT Systems by 2022 Will Gain No Value from DX Regardless of Strategy, Organisation, or Technology Focus
Associated Drivers
IT Impact
Guidance
Prediction 3: By 2020, 80% of Mining Companies Will Have Created Unified Digital Road Maps, But Only Half Will Realise Value by Implementing a Collaborative IT and Operational Governance Model
Associated Drivers
IT Impact
Guidance
Prediction 4: With Maturing Predictive Capabilities and Converging Efficiency, License to Operate, and Sustainability Factors, 25% of Mining Companies Will Have Invested in Water and Energy Management Systems by 2021
Associated Drivers
IT Impact
Guidance 
Prediction 5: By 2021, Companies That Embrace Continuous Improvement and Digital Innovation as a Single Integrated Business Process Focused on Change Management Will Outperform Peers in Terms of Profitability by Up to 20%
Associated Drivers
IT Impact
Guidance
Prediction 6: By 2024, 30% of Mining Companies Will Have Workforce Strategies That Redefine Roles, Skills, and Talent for the Delivery of Dynamic and Real-Time Work Allocation Across Optimised People/Machine (Cobot) Systems
Associated Drivers
IT Impact
Guidance
Prediction 7: By 2022, 50% of Mining Companies That Prioritise an Integrated Approach to Tracking Yield via Process Control and Real-Time Decision Support Will Achieve Industry-Leading Performance
Associated Drivers
IT Impact
Guidance
Prediction 8: Spending on Connectivity Infrastructure Within Operations Will Increase by 30% by 2020, Driven by Requirements for Increased Automation, Real-Time Decision Support and Short-Interval Control
Associated Drivers
IT Impact
Guidance
Prediction 9: By 2021,100% of Large Mining Companies Will Have Implemented Platforms to Collect Operational Data, But Only Those That Focus on Performance Metrics and Process Change Will Achieve ROI
Associated Drivers
IT Impact
Guidance
Prediction 10: By 2024, Challenged by Siloed Data, 25% of Mining Companies Will Have Created Digital Twins Integrating Geospatial, Geological, and Mine Operation Insights to Integrate Planning, Execution, and Maintenance
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
External Drivers: Detail
Next Chapter of DX — Technology-Driven Transformation Altering Business and Society
The Race to Innovate — Speed of Change, Delivery, and Operations Separates Thrivers and Survivors
Platforms, Platforms, Platforms — Industry Competes for Innovation at Scale
Emerging Autonomy — Learning to Live With AI
The Future of Work — Bridging the Digital Talent Gap
Legacy Inertia — Retrofit the Old into the DX World
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