TECH BUYER Dec 2020 - IDC MarketScape - Doc # US46211620

IDC MarketScape: Worldwide Mining Asset Performance Management 2020 Vendor Assessment

By: Benjamin KirkwoodSenior Research Manager, Emilie DittonAVP, Energy Insights and Manufacturing Insights, Reid PaquinResearch Director

Abstract

This IDC MarketScape assess the capabilities and strategies of APM software vendors utilised in the mining industry to optimise the operation of assets across the entire mining value chain. The software does this by recording and analysing operational data and predicting what and when componentry of assets will fail while providing an optimised maintenance plan for maximum run time. The software utilises AI, cloud and a host of other technologies to create operational platforms designed to monitor the health of all assets on site.

“The level of data being collected around assets is rapidly increasing as the cost reduction in sensors is enabling the increased data capture. This is leading mining companies to look to optimise the operation of assets in a bid to reduce operational costs through the use of asset performance management (APM) software,” says Ben Kirkwood, senior research manager, Worldwide Mining, IDC Energy Insights. “This is a relatively new market which is seeing rapid development as existing asset management software vendors look to enhance their offerings through advanced analytics. This provides mining organisations the ability to optimise their operations across the mining value chain,” says Kirkwood.


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