Digital Transformation in the Australian Mining Industry, Forecast to 2021

Digital Transformation in the Australian Mining Industry, Forecast to 2021

Untapped Opportunities for Sensors, Drones, Advanced Analytics, AI and Cybersecurity

RELEASE DATE
25-Oct-2017
REGION
Asia Pacific
Research Code: P9D9-01-00-00-00
SKU: IA01444-AP-MR_20984

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Description

This report provides a comprehensive update on how digital transformation is impacting the mining sector in Australia and discusses market drivers and restraints, market size and overview of trends, the digital mining ecosystem and digital transformation use cases across the Australian mining value chain. The study concludes with a summary of growth opportunities.

The end of the mining super cycle in Australia has dampened demand for digital solutions in the mining industry. However, over the medium term, assuming no significant deterioration in commodity prices, mining digital solution expenditure is expected to recover. Long-term fundamentals for mining digital solutions remain positive.

Through digital infrastructure and IT-OT convergence, miners gain higher operational visibility and real-time monitoring that helps achieve safety, minimises downtime, reduces energy consumption, and facilitates optimal utilisation of mining assets.

In the current environment, with weakened demand for some mining commodities, customers are looking to optimise assets more through a strategic focus on asset reliability monitoring. This is achieved through increasing the leverage of sensors and data analytics. In addition, the ability of cloud-based solutions to provide solutions cost-effectively is helping drive their uptake among miners.

Declining ore grades and high input costs remain productivity challenges for miners. The need for accuracy and efficacy in defining ore body characteristics is driving the integration of ore-body model information with blast-hole drill data and online sampling. Automated haulage and drilling are fairly advanced, while automated blasting and shovelling are being explored.

Although digital transformation impacts the mining sector the most in operational areas, there is inadequate convergence between IT and OT. This is often because internal IT departments do not have the OT expertise to deliver enterprise-wide transformation benefits.

Many mines have disparate legacy systems in place and require a new network or application to be integrated with the existing legacy systems.
Effective integration and managed services remain unmet needs.

Start-ups are devising novel solutions to be integrated with cloud technologies, command and control, and other equipment to efficiently control and process data. Service and IIoT capabilities are expected to become critical competitive advantages. In achieving synergies, companies are likely to seek strategic partnerships with different participants in the ecosystem.

Over the long term, investment in cybersecurity solutions is likely to gain momentum as a more connected ecosystem provides more surfaces for cybercriminal hacks/attacks. Investment and improvement in data analytics are likely to grow to build more consolidated systems providing end-to-end integration of all functions in the mining process.

Table of Contents

Key Findings

Scope and Definitions

Australian Mining Sector at a Glance

Digital Transformation

Digital Solutions Enabling Transformation

Industrial IoT for Mining

Market Drivers

Market Restraints

ICT Expenditure Forecast

Above-ground and Below-ground Mining

Hardware, Software and Services

Customer Pain Points

Digital Technology Implementation in the Australian Mining Industry

Industry Structure

Digital Solutions Providers—Recent Activity

Home-grown Innovators—Some Examples

Digital Transformation Overview

ASTER Geospatial Mapping

HyLogger

TopoDrone-4Scight

Leapfrog Central

MineSight Schedule Optimizer (MSSO)

Aegis

Wireless Sub

Onsite Lab

FastGrade

Airobotics Autonomous Drone

PC210LCi-10

Smart Sensor

FORESTALL® Real-time Alert Algorithms

Isuzu Connect

Remote Asset Management Centre

Rail Wayside Condition Monitoring

Mine Intelligence

Smart-IdlerTM

Online Freight Platform

TradeWind Markets

Seeing Machines

ControlMaster® Guidance System

Envirosuite

Lex L10

WAVE 5000 + Lex L10

PlantVR

SiteMonitor4D

Workfast

Metallurgical Intelligence®

Ampla Manufacturing Execution System (MES)

The Digital Mine

Growth Opportunity 1—Sensors

Growth Opportunity 2—Drones

Growth Opportunity 3—Analytics and AI

Growth Opportunity 4—Cybersecurity

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

Abbreviations

Relevant Research

List of Figures
  • 1. Digital Transformation in the Mining Industry: Ecosystem in Digital Transformation, Australia, 2017
  • 2. Digital Transformation in the Mining Industry: Sector Snapshot, Australia, 2017
  • 3. Digital Transformation in the Mining Industry: Sector Trends Impacting Opportunities, Australia, 2017
  • 4. Digital Transformation in the Mining Industry: Leading Miners and Annual CAPEX Change, Australia, 2015–2018
  • 5. Digital Transformation in the Mining Industry: Key Pillars, Australia, 2017
  • 6. Digital Transformation in the Mining Industry: Key Enabling Technologies, Australia, 2017
  • 7. Digital Transformation in the Mining Industry: Building Blocks of Industrial IoT, Australia, 2017
  • 8. Digital Transformation in the Mining Industry: Industrial IoT’s Role in Resolving Industry Challenges, Australia, 2017
  • 9. Digital Transformation in the Mining Industry: Key Market Drivers, Australia, 2017–2021
  • 10. Underground Mining Industry: Average Annual Cost Change, Australia, 1980–2016
  • 11. Digital Transformation in the Mining Industry: Key Market Restraints, Australia, 2017–2021
  • 12. Digital Transformation in the Mining Industry: Competitive Factors, Australia, 2017
  • 13. Digital Transformation in the Mining Industry: Industry Stakeholders, Australia, 2017
  • 14. Digital Transformation in the Mining Industry: Competitor Activity, Australia, Dec 2015-Aug2017
  • 15. Digital Transformation in the Mining Industry: Use Cases, Australia, 2017–2021
List of Charts
  • 1. Digital Transformation in the Mining Industry: Production Volume Forecast by Major Commodities, Australia, 2015–2016 to 2018–2019
  • 2. Digital Transformation in the Mining Industry: CAPEX on Mining Equipment, Plant and Machinery, Australia, 1988–2016
  • 3. Digital Transformation in the Mining Industry: Mining Industry Multifactor Productivity* Index, Australia, 1989–2016
  • 4. Digital Transformation in the Mining Industry: ICT Expenditure Forecast, Australia, 2016–2021
  • 5. Digital Transformation in the Mining Industry: ICT Expenditure in Mining, by Type, Australia, 2016
  • 6. Digital Transformation in the Mining Industry: ICT Expenditure in Mining by Hardware, Software and Services, Australia, 2016
  • 7. Digital Transformation in the Mining Industry: Customer Pain Points, Australia, 2017
  • 8. Digital Transformation in the Mining Industry: Implementation by Segment, Australia, 2017
  • 9. Digital Transformation in the Mining Industry: Industry Structure, Australia, 2017
Related Research
This report provides a comprehensive update on how digital transformation is impacting the mining sector in Australia and discusses market drivers and restraints, market size and overview of trends, the digital mining ecosystem and digital transformation use cases across the Australian mining value chain. The study concludes with a summary of growth opportunities. The end of the mining super cycle in Australia has dampened demand for digital solutions in the mining industry. However, over the medium term, assuming no significant deterioration in commodity prices, mining digital solution expenditure is expected to recover. Long-term fundamentals for mining digital solutions remain positive. Through digital infrastructure and IT-OT convergence, miners gain higher operational visibility and real-time monitoring that helps achieve safety, minimises downtime, reduces energy consumption, and facilitates optimal utilisation of mining assets. In the current environment, with weakened demand for some mining commodities, customers are looking to optimise assets more through a strategic focus on asset reliability monitoring. This is achieved through increasing the leverage of sensors and data analytics. In addition, the ability of cloud-based solutions to provide solutions cost-effectively is helping drive their uptake among miners. Declining ore grades and high input costs remain productivity challenges for miners. The need for accuracy and efficacy in defining ore body characteristics is driving the integration of ore-body model information with blast-hole drill data and online sampling. Automated haulage and drilling are fairly advanced, while automated blasting and shovelling are being explored. Although digital transformation impacts the mining sector the most in operational areas, there is inadequate convergence between IT and OT. This is often because internal IT departments do not have the OT expertise to deliver enterprise-wide transformation benefits. M
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Table of Contents | Executive Summary~ || Key Findings~ | Introduction~ || Scope and Definitions~ || Australian Mining Sector at a Glance~ || Digital Transformation~ || Digital Solutions Enabling Transformation~ || Industrial IoT for Mining~ | Market Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | Market Size and Trends~ || ICT Expenditure Forecast~ || Above-ground and Below-ground Mining~ || Hardware, Software and Services~ || Customer Pain Points~ || Digital Technology Implementation in the Australian Mining Industry~ | Digital Mining Ecosystem~ || Industry Structure~ || Digital Solutions Providers—Recent Activity~ || Home-grown Innovators—Some Examples~ | Digital Transformation across the Australian Mining Value Chain~ || Digital Transformation Overview~ || ASTER Geospatial Mapping~ || HyLogger~ || TopoDrone-4Scight~ || Leapfrog Central~ || MineSight Schedule Optimizer (MSSO)~ || Aegis~ || Wireless Sub~ || Onsite Lab~ || FastGrade~ || Airobotics Autonomous Drone~ || PC210LCi-10~ || Smart Sensor~ || FORESTALL® Real-time Alert Algorithms~ || Isuzu Connect~ || Remote Asset Management Centre~ || Rail Wayside Condition Monitoring~ || Mine Intelligence~ || Smart-IdlerTM~ || Online Freight Platform~ || TradeWind Markets~ || Seeing Machines~ || ControlMaster® Guidance System~ || Envirosuite~ || Lex L10~ || WAVE 5000 + Lex L10~ || PlantVR~ || SiteMonitor4D~ || Workfast~ || Metallurgical Intelligence®~ || Ampla Manufacturing Execution System (MES)~ || The Digital Mine~? | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Sensors~ || Growth Opportunity 2—Drones~ || Growth Opportunity 3—Analytics and AI~ || Growth Opportunity 4—Cybersecurity~ || Strategic Imperatives for Success and Growth~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Abbreviations~ || Relevant Research~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Digital Transformation in the Mining Industry: Ecosystem in Digital Transformation, Australia, 2017~ 2. Digital Transformation in the Mining Industry: Sector Snapshot, Australia, 2017~ 3. Digital Transformation in the Mining Industry: Sector Trends Impacting Opportunities, Australia, 2017~ 4. Digital Transformation in the Mining Industry: Leading Miners and Annual CAPEX Change, Australia, 2015–2018~ 5. Digital Transformation in the Mining Industry: Key Pillars, Australia, 2017 ~ 6. Digital Transformation in the Mining Industry: Key Enabling Technologies, Australia, 2017 ~ 7. Digital Transformation in the Mining Industry: Building Blocks of Industrial IoT, Australia, 2017 ~ 8. Digital Transformation in the Mining Industry: Industrial IoT’s Role in Resolving Industry Challenges, Australia, 2017 ~ 9. Digital Transformation in the Mining Industry: Key Market Drivers, Australia, 2017–2021~ 10. Underground Mining Industry: Average Annual Cost Change, Australia, 1980–2016~ 11. Digital Transformation in the Mining Industry: Key Market Restraints, Australia, 2017–2021~ 12. Digital Transformation in the Mining Industry: Competitive Factors, Australia, 2017~ 13. Digital Transformation in the Mining Industry: Industry Stakeholders, Australia, 2017~ 14. Digital Transformation in the Mining Industry: Competitor Activity, Australia, Dec 2015-Aug2017~ 15. Digital Transformation in the Mining Industry: Use Cases, Australia, 2017–2021~| 1. Digital Transformation in the Mining Industry: Production Volume Forecast by Major Commodities, Australia, 2015–2016 to 2018–2019~ 2. Digital Transformation in the Mining Industry: CAPEX on Mining Equipment, Plant and Machinery, Australia, 1988–2016~ 3. Digital Transformation in the Mining Industry: Mining Industry Multifactor Productivity* Index, Australia, 1989–2016~ 4. Digital Transformation in the Mining Industry: ICT Expenditure Forecast, Australia, 2016–2021~ 5. Digital Transformation in the Mining Industry: ICT Expenditure in Mining, by Type, Australia, 2016~ 6. Digital Transformation in the Mining Industry: ICT Expenditure in Mining by Hardware, Software and Services, Australia, 2016~ 7. Digital Transformation in the Mining Industry: Customer Pain Points, Australia, 2017~ 8. Digital Transformation in the Mining Industry: Implementation by Segment, Australia, 2017~ 9. Digital Transformation in the Mining Industry: Industry Structure, Australia, 2017~
Author Ivan Fernandez
Industries Industrial Automation
WIP Number P9D9-01-00-00-00
Is Prebook No