Industry Trend Analysis - Technology And Mining: A Primer On Four Notable Trends - DEC 2017
BMI View: As technology becomes increasingly central to miners ' efforts to keep costs down , the integration of these two sectors will accelerate and result in streamlined operations and a more transparent mining industry. We highlight artificial intelligence, blockchain, drones and cyber security as particularly relevant to the future of the mining industry.
The traditional methods of mining, a sector historically slow to adopt change, will be increasingly reshaped by disruptive technology as leaders in the industry prioritise investment in technology to remain competitive and better withstand price volatility ( see 'Investment In Smart Mining To Accelerate', June 13 2017). Building on previous analysis of big data analytics and Internet of Things (IoT), this primer will evaluate the implications of key technologies set to take off in the global mining industry over the coming years.