IDC FutureScape: Worldwide Mining 2023 Predictions

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

Learn More

• Related Research