15 Sep 2021
Mining Organizations Leverage Data and Analytics as Operations Become Highly Digitalized, IDC Reports
SINGAPORE, September 16th, 2021 – According to IDC’s 2021 Worldwide Mining Decision-Maker Survey, over half of the mining organizations operating around the world consider themselves to be repeatable data-led companies on the organizational data maturity scale. The ability to capture, clean, and utilize data throughout operations enhances an organization’s ability to implement new technology and track its performance. This helps ensure the return on investment while enabling mining operations to be competitive.
"Mining organizations are increasingly looking to adopt digitally transformative strategies across the entire mining value chain as they look to remain competitive. These digital initiatives are forcing miners to look to more innovative projects which require more advanced infrastructure and talent as they provide highly specified insights into the operations to generate value. IDC’s results shine a positive light on the future of the digital mine as organizations strive for safe, sustainable, and efficient operations,” says Ben Kirkwood, Senior Research Manager, Worldwide Mining, IDC’s Energy Insights.
The study explores the current and future digital investment and adoption strategies of mining organizations of all sizes and major commodity types. The operations analyzed are located all around the world and utilize above ground and underground mining methods. The report analyses data spending habits, business drivers and strategic objectives, data usage, and the implementation of advanced technologies.
As identified in Figure 1, the responses highlight an array of areas of concern as well as areas where businesses are targeting to improve. As the industry has struggled to cope with the pandemic over the past 18 months, miners turn to digital tools to assist with continuous site operation. This boosted IT spending, with 33.3% of organizations saying they will look to increase spending on data in 2021. Additionally, 44.4% of these mining organizations are seeing an increase in data analytics and 71% are considering investing in 5G over the next 18 months.
Figure 1: Developing Industry Trends
This IDC study analyses the technology adoption maturity level of mining organizations while assessing requirements and challenges experienced by the industry. Through this analysis, organizations can identify the areas where they too should be targeting to improve their operational performance to ensure they remain competitive now and into the future.
IDC’s Worldwide Mining Strategies investigates the business environment across the mining sector value chain from exploration through to operations, processing, supply chain, and trading globally. The analysis insight provides actionable recommendations to assist organizations when identifying and developing transformative solutions for their business and operations. This service tracks the IT investment priorities for organizations seeking to scale value creation across their organization and the impact on decision making and best practices relating to technology, process, and organizational change. To learn more, contact Ben Kirkwood at email@example.com or click HERE.
For more information on this IDC Presentation document, please contact Ben Kirkwood at firstname.lastname@example.org. For media inquiries, please contact Theresa Rago at email@example.com or Alvin Afuang at firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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