Digital Transformation in the Australian Mining Industry, Forecast to 2021

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

USD 3,000

* Required Fields

USD 3,000

PAY BY INVOICE

Be the first to review this product

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

1. Executive Summary
Key Findings
2. Introduction
Scope and Definitions
Australian Mining Sector at a Glance
Digital Transformation
Digital Solutions Enabling Transformation
Industrial IoT for Mining
3. Market Drivers and Restraints
Market Drivers
Market Restraints
4. 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
5. Digital Mining Ecosystem
Industry Structure
Digital Solutions Providers—Recent Activity
Home-grown Innovators—Some Examples
6. 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
7. ? 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
8. The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer
9. Appendix
Abbreviations
Relevant Research
10. The Frost & Sullivan Story


List of Figures & Charts

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



Keyword1

Keyword2

Keyword3

Related Research

Release Date : 21-Nov-17

Region : Asia Pacific

Release Date : 08-Nov-17

Region : Asia Pacific

Release Date : 28-Sep-17

Region : Asia Pacific

Release Date : 28-Sep-17

Region : Asia Pacific

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.