Miners to splurge on IT

The resources industry will begin to look to the IT industry to increase operational efficiency.

The mining sector will outgrow every other sector on IT spending over the next three years, according to IDC.

The research house has said that it expects a compound annual growth rate of 3.8 per cent to 2015 in the mining sector, compared to a market average growth rate of 2.7 per cent.

In 2011, the resources industry spent AU$2.51 billion, 6 per cent of Australia's total IT spend, according to IDC. It expects the spend to top AU$3 billion by 2015.

Traditionally, the resources sector has skimped on IT, according to IDC, but as the industry's growth slows and is offset by high energy and labour costs, attention is turned to technology to manage costs, improve productivity and maintain competitiveness.

"IDC expects to see opportunities in technologies that deliver productivity improvements, organisational responsiveness and support maintaining a low cost base such as mobile applications, remote application delivery, business intelligence (BI), predictive analytics and cloud computing," IDC research manager Emilie Ditton said in a statement.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All
See All