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IDC FutureScape: Worldwide Mining 2020 Predictions

Published by IDC Product code 345078
Published Content info 19 Pages
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IDC FutureScape: Worldwide Mining 2020 Predictions
Published: October 31, 2019 Content info: 19 Pages
Description

This IDC study contains the outlook of IDC Energy Insights' analyst team for the worldwide mining industry for 2020-2025. The outlook is presented through the lens of the 10 predictions that make up, in IDC Energy Insights' view, the framework for IT and line-of-business (LOB) decision makers and influencers' technology-related initiatives in the year ahead (see Figure 1)."2020 will be the year that mining companies begin translating the potential of digital to actual value. Mining companies will be focused on the 'how': How to manage innovation programs; how to drive and manage ongoing effective change; how to enable the required enterprise-level investments and develop the business cases for them; and how to build platforms to support an integrated value chain," said Emilie Ditton, associate vice president, IDC Energy and Manufacturing Insights.

Table of Contents
Product Code: US44328319

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: By 2022, 20% of Mining Companies Will Have Started to Treat Their Assets as a Customer.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: Mining Companies That Transform Digital Project Collaboration, Governance, and Delivery Across IT and Operations Will Take 50% More Projects to Scale by 2021 and Better Deliver Value to the Business.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2023, Those Mining Companies That Create Cross-Silo Operational Data and Analytics Excellence Will Realize a 20% Improvement in Efficiency and a 10% Improvement in Metal Yield.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2020, Mining Companies Will Shorten Time to ROI by 20%, Using Ecosystem-Based Collaboration Between OEMs, Engineering Services, and IT Partners for Web Services and API-Enabled IoT Solutions.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2022, Driven by the Preferences of Capital Investors and License-to-Operate Considerations, the Top 5 Mining Companies Globally Will Utilize IoT to Reduce Water Use Across Their Operations by 30%.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6. By 2022, 70% of Mining Organizations Will Have Invested in Digital Twins with Their OEMs, But Only 20% Will Have Realized Their Expected ROI.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7. By 2022, 60% of Large Mining Companies Will Have Digital Innovation Centers Focused on Enabling Their Supplier Ecosystem to Facilitate Innovation.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8. By 2022, to Access Promised Digital Value, 30% of Mining Operations Will Design and Invest in Coordinated Connectivity Strategies Across 5G, LTE, Satellite, and Fixed Networking and Services
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9. By 2023, 50% of Midtier to Large Miners Will Operate Control Centers That Deliver a 10% Increase in Asset Availability and a 5% Increase in Revenue Through Visibility and Connecting Siloed Processes
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: By 2024, 40% of Mining Companies Globally Will Invest in Electrification Pilots of Their Underground Mining Equipment
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • The Age of Innovation: Driving the Future Enterprise
  • Accelerated Disruption: Navigating Business Challenges as Volatility Intensifies
  • The Platform Economy: Computing at Hyperscale
  • Sense, Compute, Act: Maximizing Data Value
  • Intelligence Everywhere: AI's Opportunity and Implications
  • The Future of Work: Agile, Augmented, Borderless, and Reconfigurable

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