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Accenture surveyed 151 C-Suite and VP-level mining executives on digital trends in mining across the globe.
At 86 percent of these companies, digital programs are being driven cross-functionally into the organization to deliver value. Digital programs are also expanding into strategy and high-level decision making. Eighty-eight percent see digital programs as vehicles to identify growth opportunities.
For the biggest return on investment, executives saw these digital trends as the leaders with the biggest potential:
Ninety-four percent of the respondents are satisfied with their company’s digital investment, as it relates to the achievement of desired business outcomes. Ninety-two percent report that investment in digital in the next three years will significantly or modestly increase in their organization—with no planned cuts.
In the next five years, 74 percent saw digital having the biggest impact on productivity for their organization.
The survey shows there is more work to be done for digital adoption within the metals and mining sector. While 48% of North American mining executives are investing in digital to gain a competitive advantage, 48% also said they are just trying to keep pace with their competitors. Whether they are trying to stay ahead or keep pace with the competition, almost all mining executives surveyed (92%) are projecting an increase in their digital investment in the next three years.
Currently, digital programs are driving strategic decision-making and commanding support from senior executives (90%), according to the Accenture survey. The majority of mining companies are using digital technologies across Business Ops (71%), IT (64%), HR (58%), Finance (56%) and Marketing (54%). Looking ahead to the next five years, mining executives believe digital will improve company productivity (74%), reorganize operations (64%) and optimize the supply chain (56%).
April 7, 2014
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