IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Mining 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2024, 40% of Mining Organizations Will Utilize Geological Mapping Satellite Data in a Bid to Identify More Ore Bodies

Associated Drivers

IT Impact

Guidance

Prediction 2: By 2024, 50% of Mining Organizations Will Deploy Next-Generation Cybersecurity for Early Intervention of Targeted Attacks and Improvement of the Cyber-Resilience of Mine Sites

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2025 One in Four Underground Operations Will Monitor the Precise Location of Personnel, Improving the Safety of the Operational Environment and Providing Guidance Assistance to Rescue Teams

Associated Drivers

IT Impact

Guidance

Prediction 4: By 2025, the Decreasing Cost and Increasing Reliability of Data Transfer Will See 50% of Mine Sites Migrate Critical Operational Activities to the Cloud for Improved Management and Insight Generation

Associated Drivers

IT Impact

Guidance

Prediction 5: By 2025, 50% of Miners Will Have Implemented Digital Talent Strategies, Either Developing or Acquiring In-House Capabilities or Purchasing Services from SIs

Associated Drivers

IT Impact

Guidance

Prediction 6: By 2026, Sustainable Investment Will Transition Total Operational Cost to the Total Cost of Stewardship, Increasing Technology Investment by 25% to Support Optimization, Automation, and Transparency

Associated Drivers

IT Impact

Guidance

Prediction 7: By 2026, 70% of Miners Will Utilize Analytics Platforms to Identify and Address Supply Chain Constraints, Improving Supply Chain Management and Optimisation Practices

Associated Drivers

IT Impact

Guidance

Prediction 8: By 2027, 30% of All Mining Operations Will Operate Digital Twins in Their Concentrators to Improve Predictability and Optimize the Process, Leading to a 2% Production Improvement

Associated Drivers

IT Impact

Guidance

Prediction 9: By 2027, 75% of Organizations Will Have Retrofitted Critical Major Equipment with Smart Sensors to Improve the Capture and Analysis of Asset Performance, Increasing Asset Availability

Associated Drivers

IT Impact

Guidance

Prediction 10: By 2028, 70% of Mining Organizations Will Operate Battery Electric Mobile Equipment, Greatly Reducing Operational Scope 1 Emissions and Improving Their Sustainability Credentials

Associated Drivers

IT Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

Geopolitical Reality — Sovereignty in the Digital World

Description

Cybersecurity and Risk — Scaling and Evolving Threat Environment

Description

Context

Meaningful Intelligence — Differentiated Decision Power

Description

Context

Ecosystem-Based Innovation — Driving Enterprise Value

Description

Context

Mainstream ESG — Sustainability Is Measured and Mandatory

Description

Context

Everything as a Service — Thriving Through the Change

Description

Context

Digital Business — Stepping Stone to the Future Enterprise

Description

Context

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