Dublin, Dec. 20, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Digital Transformation of Global Mining Industry" report to their offering. The global metals & mining industry shrank by 2.3% in 2014 to reach a value of $2,425.7 billion. The compound annual rate of change of the industry in the period 2010-14 was -0.1%. In 2019, the global metals & mining industry is forecast to have a value of $2,753.6 billion, an increase of 13.5% since 2014. The compound annual growth rate of the industry in the period 2014-19 is predicted to be 2.6%. This is one of the comprehensive research report published on Digital transformation of Mining industry. Within this research report, we have covered the key steps to be taken to transform a traditional mining business into Digital Mining Business to differentiate from the competition and drive strong revenue growth to increase market share. The report progresses by highlighting the key industry risks, and challenges, market trends and impact of technology on Mining Industry value chain.
Mining industry value chain is slowly changing to improve the productivity by managing existing assets efficiently but this strategy will go only so far. Despite the industry's ups and downs, the nature of mining has stayed the same for decades. Achieving a breakthrough on productivity and performance demands altering of how mining industry operates. Number of digital technologies like internet of things (IoT), cloud, analytics, and robotics have long been in the works and are now available and affordable enough to become operational at scale across the mining industry. Their applications include building a more comprehensive understanding of the resource base, optimizing material and equipment flow, improving anticipation of failures, increasing mechanization through automation, and monitoring performance in real time. Mining Industry is majorly spending on monitoring their supply chain, premises, products and customers. There is a huge wave of variance when it comes to Digital technologies adoption. On other hand, security demand in Digital age surpass and impact conventional categories of IT security, physical security and IT/operational technology (OT) security. Security now signifies how the various strata's of security must work simultaneously to secure data, protect devices and users, and provide a privacy, transparency and secure experience.
This report has an in-depth focus on: - Mining Industry Risks and Challenges - Key CIO Perspectives of Mining Industry - Global Mining Industry trends and forecast - Key Investment Landscape - IT Spending Trends of Global Mining Industry, 2014-2020 - Adoption of Digital Technologies (IoT, IoT Security, Autonomous Vehicles, Cloud Computing, Robotics, Smart Mining, and 3D imaging technologies) - Ladder to Digital Transformation - Key Profiles of Top Global Mining Companies and their Digital Transformation Efforts
Companies We Discuss:
We have covered the following Global Mining players in this report covering their key products and services, acquisitions, partnerships, and their digital transformation investments and focus. - BHP Billiton - Glencore Plc - Rio Tinto Inc. - Vale S.A. Key Topics Covered: 1. Top 10 Mining Industry Risks 2. Global Mining Industry Trends and Challenges 2.1. Key Industry Challenges 3. Global Metals and Mining Industry - An Overview 3.1. Global Mining Industry, By Metal Types 3.2. Global Mining Industry, By Geographic Breakdown 3.3. Global Mining Industry - CIO Perspectives 4. Global Mining Industry - Investment Landscape 4.1. Industry Prospects for Next 2 Years 4.2. Seeking Growth Opportunities 4.3. Investments on R&D and Innovation 4.4. Capex Investments in Mining Sector 4.5. Technology Investments in Mining Sector 4.6. Investments around Smart Mining 5. Global Mining Industry - IT Spending 2014-2020 6. Digital Innovation Critical for Mining Industry 6.1. The Productivity Imperative 6.2. Digital Technologies Unlock Productivity 6.3. Impact on Mining Value Chain 6.4. Economic Impact of Digital on Mining Industry Applications 7. Digital Transformation Aspects of Mining Industry 8. Internet of Things (IoT) and Mining Industry 8.1. IoT Opportunities and Challenges 8.2. IoT Implementations for Safety 8.2.1. Autonomous Equipment 8.2.2. Location and Proximity Sensors 8.2.3. On-Demand Ventilation Systems 8.3. IoT Implementations for Efficiency 8.3.1. Equipment Sensors for Predictive Maintenance 8.3.2. Fleet Management and Tracking Capabilities 8.3.3. Visualization Software 8.4. Impact of IoT on Mining Business Models 8.5. IoT Use Cases in Mining Industry 8.5.1. Rio TintoPilbara & Perth, Western Australia 8.5.2. Dundee Precious MetalsChelopech, Bulgaria 8.5.3. GoldcorpJames Bay, Quebec 8.5.4. ValeWorthington, Ontario 8.6. IoT Spending on Innovation 8.7. Internet of Things (IoT) Security - a Soaring Concern Far Behind the Reality 8.7.1. Quick Glance 8.7.2. Privacy Concerns 8.7.3. Insufficient Authentication and Authorization 8.7.4. Lack of Transport Encryption 8.7.5. Insecure Web Interface 8.7.6. Insecure software and firmware 8.7.7. Key Recommendations 8.8. Connected Mines 9. Cloud and Mining Industry 10. Robotics and Mining Industry 11. Smart Mining 11.1. Quick Glance 11.2. Overview 11.3. Application Segmentation 11.4. Geographic Segmentation 11.5. Digital Mining Network 12. 3D Imaging Technologies and Mining Industry 13. Autonomous (Driverless) Haul Trucks in Mining Industry 13.1. Significance of Autonomous Vehicle Technology in Mining Industry 13.2. Cost of Autonomous Haul Trucks 13.3. Fuel Savings by Autonomous Vehicles in Mining Industry 13.4. Lower Tire Replacement Cost 13.5. Competitive Landscape 13.6. High Switching Costs 13.7. Recent Developments 14. Steps Towards Digital Transformation of Mining Industry 14.1. Developing an Integration Strategy for IT and Operational Technology 14.2. Overhauling of Mining Industry 15. Regulations - Diverse Trends across the Global Mining Industry 15.1. New Regulatory Frameworks For India & Chile 15.2. Peru To Deregulate Mining Sector 15.3. Deteriorating Regulatory Environments - Key Developments 16. Global Mining Industry - Competitive Landscape 16.1. BHP Billiton 16.1.1. Digital Transformation Focus 16.2. Glencore Plc. 16.2.1. Digital Transformation Focus 16.3. Rio Tinto plc 16.3.1. Digital Transformation Focus 16.4. Vale S.A. 16.4.1. Digital Transformation Focus 17. Mining Technology Supply Leaders 2015 18. Key Recommendations For more information about this report visit http://www.researchandmarkets.com/research/lmhrd6/digital
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