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Oct 2017 - IDC FutureScape - Doc # US41794117

IDC FutureScape: Worldwide Mining 2018 Predictions

By: Emilie DittonAVP, IDC Energy Insights, Christopher HolmesManaging Director - IDC Insights Asia Pacific

Table of Contents

IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Mining 2018 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: Mining Companies That Focus on Integrating Silos, Creating Capabilities to Enable Data Insights, and Instilling a Culture That Embraces Change Will Deliver Industry-Leading Efficiency Improvement of up to 20% by 2019

Associated Drivers

IT Impact

Guidance

Prediction 2: Companies That Prioritize Digital Transformation at the Executive Level by 2019 Will Deliver Productivity, Efficiency, and/or Revenue Gains of up to 25%

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2020, 50% of Mining Companies Currently at Stages 1 and 2 of IDC's DX Maturity Model Will Have Moved to Stage 3 of the Maturity Model by Implementing Corporate Digital Strategies and Digitalized Core Enterprise and Operational Processes

Figure: Maturity of Mining Companies' Digital Transformation

Associated Drivers

IT Impact

Guidance

Prediction 4: By 2019, 50% of Major Mining Companies Will Have Initiated Workforce Transformation, Focusing on Automation, Mobility, Augmented Reality, and Cognitive to Increase Productivity, Safety, and Collaboration

Associated Drivers

IT Impact

Guidance

Prediction 5: By 2020, 30% of Mining Industry Leaders Will Have Defined and Implemented Platform Strategies to Create Integrated Environments Across Equipment, Integrating Maintenance, Planning and Scheduling, and Execution

Associated Drivers

IT Impact

Guidance

Prediction 6: Cybersecurity Spending Across IT and Operations in the Mining Industry Will Increase 20% Year Over Year in 2018

Associated Drivers

IT Impact

Guidance

Prediction 7: By 2020, the Top 10% of Mining Companies Will Have Integrated Their Equipment Supply Chains to Create Closed-Loop Systems That Deliver Industry-Leading Improvements in Overall Equipment Effectiveness

Associated Drivers

IT Impact

Guidance

Prediction 8: Mining Companies That Establish Innovation Ecosystems, Delivery Processes, and Prioritized Road Maps in 2018 Will Successfully Deliver Three Times More Projects to Full Scale Beyond 2018 Than Those That Do Not

Associated Drivers

IT Impact

Guidance

Prediction 9: 70% of Companies That Prioritize a Holistic Digital Safety Strategy, by Digitizing Processes, Incorporating Intelligent Tracking and Alerts, and Applying Automation to Reduce In-Mine Labor, Will Achieve Industry-Leading Safety Performance Levels by 2019

Associated Drivers

IT Impact

Guidance

Prediction 10: By 2021, New Greenfield Mine Projects, Designed to Incorporate a Technology Strategy Based on Mine Equipment Autonomy, Cognitive Capabilities, and IoT, Will See as Much as a 20% Increase in Returns on Project Return on Capital Employed

Associated Drivers

IT Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

Accelerating DX: Technology-Centric Transformation Altering Business and Society

DX Delta: Leaders and Disruptors Widen Performance Gap

Human Versus Machine: The Impact of AI and Automation

Platform Disruption: Unleashing Digital Innovation's Power for Scale

Cyberthreats: Theft, Ransom, and Cyberattack on the Rise

The Future Workforce: Global Demand for Digital Talent

Digital-Led Operational Excellence: Mining Sector Competitive Differentiation Has Changed

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