The Australian mining industry is facing a $1 billion loss over the next decade if it doesn't invest more in technology and innovation.

That's the impetus behind a tech start-up program called Unearthed, which is using crowd-sourcing to put software and data engineers and other scientists together with industry mentors.

Former Silicon Valley entrepreneur Justin Strharsky says miners need to move quickly to keep up with so called 'disruptive technologies'.

"We found quite a lot of new technologies that are going to disrupt the Australian resources industry, along with every other industry," he said.

"Things like mobile devices in the workplace, big data and predictive analytics, automation of knowledge work.

"These are trends that are globally affecting the way that business is done, and if we don't invest in creating new technologies here, with our competitive advantage in the resources sector, then Australian companies will soon be buying those new technologies from elsewhere."

There will be four Unearthed events held around the country in 2015, starting in Perth then moving to Brisbane, Sydney and Melbourne.

Source: ABC Rural - See full article