New Report Assesses Technology Investment Priorities in Australian Mining Sector for 2016

Published Date : Feb 29, 2016

Albany, New York, Feb 29, 2016: announces the addition of a new report to its existing database of market research studies. The report, titled ‘Technology Investment Priorities in Australian Mining, 2016,’ offers an in-depth insight into the where investment dollars are expected to flow into technology for the mining industry in Australia. The country, known for its long-standing economic dependence on mining, has attracted investments from large mining corporations over the years. The modernization of the mining sector has led to more investments being made in technologies that drive such modernization initiatives. The present report endeavors to analyze which technology is currently used widely in the mining industry in Australia and which technology will gain preference in the next two years.

Mine-site technologies and ancillary solutions expected to gain prominence over the coming years include: UAVs/drones, real-time video training, remote control/machine automation, energy management, collision avoidance/proximity detection, and predictive maintenance.

To present a realistic picture of the investment intentions, the report segments the mining industry on the basis of various criteria, including mine types, mine sizes, and revenues of companies. The state of technology investments in the following regions of Australia is considered for the purpose of this study: Queensland, Western Australia, and New South Wales.

The technologies that boasted the highest penetration in the mining sector in Australia are compared systematically in the report. A comparative study has been conducted for the following: software products, market leaders, software platforms, and different departments in mining companies where technological investments are the highest.

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By following such an approach, numerous trends pertaining to the technology investments in the Australian mining sector have emerged. The report finds that primary technologies that will see a massive increase in penetration are real-time video training, remote controlled or automated machines, proximity detection, and drones or unmanned aerial vehicles. The report reveals that nearly 80% of respondents said that they had already made an investment in technologies such as collision avoidance, tire monitoring, shift optimization, environmental monitoring, and predictive maintenance.

Although there is a growing interest in drones and unmanned aerial vehicles, these products report the least penetration of all technologies considered for this report as only 41% respondents said they were currently invested in these technologies. On the other hand, 46% respondents said they had invested in real-time video training.

Over the last two years, investments in collision avoidance technologies have shown an upswing, helping this segment report the greatest increase in penetration during this period.

The report also states that Vulcan is the most widely used software, and was nominated by over 32% of respondents in the 2016 survey. The other popular software products are Surpac (nominated by 16% of the respondents) and Xpac (nominated by 13% of the respondents).

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