Leaders and Major Players for 2023 Worldwide Professional … – IDC

SINGAPORE, March 07, 2023 – According to the IDC MarketScape: Worldwide Professional Services Firms for Mining Operational Process Optimization 2023 Vendor Assessment, Accenture, IBM and Infosys are identified (in alphabetical order) as “Leaders” among the Mining Operational Process Optimization vendors. These ‘Leaders’ are closely followed by “Major Players” in the market namely (in alphabetical order) Cognizant, Deloitte, PwC, Tech Mahindra, Wipro.

The mining sector is currently undergoing a transformation as firms seek to enhance their operational efficiency by investing in digital technologies. This shift is taking place amidst broader issues related to safety, security, and sustainability, and the necessity of complying with environmental, social, and governance (ESG) regulations while satisfying the demands of internal and external stakeholders. To make significant progress in addressing these challenges, mining companies must choose proficient service providers and establish connections with a network of partners.

According to the IDC FutureScape : Worldwide Mining 2023 Predictions (IDC #US48632722, October 2022) report, it is predicted that by 2027, 75% of organizations will have retrofitted critical major equipment with smart sensors to improve the capture and analysis of asset performance, thereby increasing asset availability. Mining organizations continue to invest in and extract value from digital technologies which are applied across the value chain. A natural consequence of this has been a progressive integration of operational technology (OT) and IT, and the implementation of transformative use cases across the mining value chain.

“The mining industry is in the process of a transformative shift towards digital technologies to enhance their operational efficiency, while ensuring safety, security, and sustainability. To succeed in this new landscape, mining companies must evaluate, select and establish strong partnerships with proficient service providers and establish a network of vendors who can assist them in delivering solutions across the value chain” says Rakesh Patni, Associate Research Director, Energy Insights AP.

“Mining organizations must prioritize digital transformation and continue the process of converging OT and IT, through investments in cloud, IoT and cybersecurity solutions, and implementing transformative use cases across the value chain to remain competitive.” added Patni.

The MarketScape report assesses the strategies and capabilities of IT and professional service providers offering services to mining companies across their worldwide operations. The evaluation incorporates data gathered through interviews with service providers and customer reference calls conducted in 2022. The mining industry is currently undergoing a comprehensive transformation that necessitates the adoption of digital transformation (DX) capabilities and strategies by mining companies to enhance the visibility, efficiency, sustainability, security, and safety of their operations.

This report employs a detailed assessment framework that evaluates global service providers who offer Mining Operational Process Optimization solutions. This research comprises a quantitative and qualitative assessment of 8 service providers based on a comprehensive framework that considers parameters, and that offers insights, into the probability of success of delivering value to mining organizations in the short and long term.

For more information on this IDC MarketScape document, please contact Rakesh Patni at rpatni@idc.com. For media queries, please contact Michael de la Cruz at mdelacruz@idc.com or Miguel Carreon mcarreon@idc.com.

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