The Australian resources sector has a renewed focus on investment in ICT, with productivity improvements and further revenue growth on a dramatic scale resulting from the convergence of engineering and ICT, according to IDC.
The recently released, Australia Resources ICT Market 2010 to 2014: Forecast and Analysis, August 2011, shows the software is the fastest area of growth at 8 per cent in 2010.
ICT spending in the Australian resources sector will increase from $1384.6 million in 2010 to $1599.3 million by 2014, representing growth of 3.9 per cent. Telecommunications continues to account for the majority of the resources sector spending on ICT in 2010, at 40.2 per cent.
“The resources industry is the lifeblood of the Australian economy, it has been vital in protecting our economy from the impact of weaker performances that exists in other parts of the economy. IT investments offer the resources sector the opportunity to achieve vast productivity improvements through the mere scale of resources operations,” said Emilie Ditton, research manager vertical markets, IDC Australia.
