Newly released market study: Technology Investment Priorities in Australian Mining, 2016

Overall trends in the data revealed:

* The primary technologies expected to see the greatest increases in penetration over the next two years are UAVs/drones, remote control/machine automation, real time video training and collision avoidance/proximity detection.
* 80% of respondents have already invested in collision avoidance, scheduling and shift optimization, tire monitoring, predictive maintenance, fleet management and environmental monitoring technology.
* UAVs/drones have the least penetration of the technologies with only 41% currently invested. This was followed by real time video training with 46% of respondents invested.
* The greatest increase in penetration over the last two years has been in collision avoidance technologies, with expectations in Timetric's 2014 survey far exceeded. Fleet management, tyre monitoring and fatigue management technologies were other fields that also exceeded investment expectations from Timetric's previous survey in 2014.
* Markets expected to have the greatest increases in technology penetration over the next 2 years are expected in Queensland and within the base and precious metals sectors.
* A bigger share of larger companies with revenues above US$10 billion, and the smallest, those with revenues below US$100 million, are planning investments than any other company size.
* Vulcan is the most used software, nominated by 32% of the respondents. This was followed by Surpac with 16% and Xpac with 13%.

Full Report Details at
- http://www.fastmr.com/prod/1124651_technology_priorities.aspx?afid=301

Report Highlights

* The primary technologies expected to see the greatest increases in penetration over the next two years are UAVs/drones, remote control/machine automation, real time video training and collision avoidance/proximity detection.
* 80% of respondents have already invested in collision avoidance, scheduling and shift optimization, tire monitoring, predictive maintenance, fleet management and environmental monitoring technologies.
* UAVs/drones have the least penetration of the technologies with only 41% currently invested. This was followed by real time video training with 46% of respondents invested.
* The greatest increase in penetration over the last two years has been in collision avoidance technologies, with expectations in Timetric's 2014 survey far exceeded. Fleet management, tyre monitoring and fatigue management technologies were other fields that also exceeded investment expectations from Timetric's previous survey in 2014.
* Markets expected to have the greatest increases in technology penetration over the next 2 years are expected in Queensland and within the base and precious metals sectors.
* A bigger share of larger companies with revenues above US$10 billion, and the smallest, those with revenues below US$100 million, are planning investments than any other company size.

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