Introduction Globally, the pace of technology-driven change is astonishing. It is transforming our lives, the way we live, the way we communicate, and the way we achieve even the most basic work activities. The influence of digital innovation has become so ubiquitous that its reach leaves no economic sector untouched, from retail to raw materials. The role of digital innovation in heavy industries around the world has captured the attention of business leaders, operators, project managers, consultants, shareholders, supply chain participants, and financiers across the sector. But to what extent are digital technologies being adopted and embraced across these industries?
For Australia’s M&M industry, the question we need to ask ourselves is this: are we riding this pivotal wave of change or sitting on shore watching the digital world wash by? A quick look at the history and current state of the industry suggests a digital gap in which we are falling behind the curve. Yet it also betrays an industry with massive digital growth potential—one that is ripe for transformation.
The purpose of this study The purpose of this study was to gain insight into the current state and future opportunities of digital innovation in capital projects in Australia’s M&M industry. These important insights frame a collection of actionable recommendations that detail: 1. Immediate benefits: how business leaders and decision-makers can capture and create better value through digital innovation for all capital project stakeholders. 2. Long-term benefits: how the industry can position itself to take advantage of timely opportunities to secure long-term prosperity and reach its full potential in the increasingly digital-driven world of the future. While this particular study’s data is drawn from Australia’s M&M industry, the findings and recommendations are relevant to those who work in a broad range of commercial-industrial, asset-intensive, advisory, engineering, and construction settings around the world.
6 | The Digital Drift
