After the last few years of intense focus on opportunities for cost reduction across mining operations, miners are shifting their focus to other areas that can influence and improve their profit maximisation (i.e., yield and grade management).
IDC's recent research of 196 global mining companies confirms this trend through the increased investment on, and demand for, expanded connectivity across operations. This increased connectivity is central to the operation staff's ability to gather operational data, which provides the essential insights required for effective, real-time tracking, and management of yields and other elements for miners' competitive differentiation.
This expanded connectivity, however, leads to increase in attack surface and vulnerability from security threats across IT and operational technology (OT) systems at a time when the value and importance of this data to a miner's competitive differentiation has grown dramatically. This is reflected in this current research, in which 50% reported increased investment levels in improved security, especially in OT.
Our current report summarises this research to focus on the challenges and opportunities resulting from these trends. It should therefore be equally valuable to IT executives planning for and delivering improved security and vendors, supplying miners with the hardware, solutions, and services to deliver this improved capability.