Miners to splurge on IT

Miners to splurge on IT

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

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TOPICS: CXO, IT Priorities
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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.

Topics: CXO, IT Priorities

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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