While the mining sector is showing interest and starting to test the value-add of fifth-generation (5G) technologies, mass adoption of the technology is still years away.
A new Fitch Solutions Country Risk & Industry Research report noted that efforts to improve operational efficiency will lead miners down the path to 5G technology eventually; however, the sector remains at the early stages and sectorwide implementation is not expected just yet.
“Our core view regarding 5G is that it will be an evolution first, then a revolution, as more and more industries will use the technology in combination with others as part of an overall trend towards digitalisation,” it said.