Benefits Of Business In Cloud Migration

Cloud technology will be the driving force of the retail industry for its potential to enable businesses to compete better and become more agile.
For traditional retailers who struggle with their silos, multiple and hard-to-abandon legacy systems, the cloud will be an ideal solution when built with appropriate security concepts. Cloud computing offers a way for retailers to gain greater agility and compete better. Migrating to the cloud offers more than reducing the computing cost and data storage. It readily provides information on customers, products, or processes at any time. Cloud data platforms can integrate data from multiple sources and prepare them for analysis using machine learning techniques. Cloud computing, when embraced by retailers, can help improve the world’s economy significantly.
In this data-driven world where cloud computing plays a significant role, Retail CIOs recommend shifting to cloud for the following reasons.
Efficient Channel Operations
Some retailers still use outdated legacy systems and have not moved to the cloud. These retailers operate in silos due to the lack of integration of various operations, including POS, shipping, or inventory. However, moving to the cloud can mitigate the disadvantages while offering seamless customer interaction across different channels.
Increased Supply Chain Visibility
Cloud computing allows interaction with a large number of suppliers operating in multiple locations across the globe as all the retailers are connected to the cloud. Thus carriers, suppliers, and customers are working on a standard technology platform by not only sharing information but also planning and executing many logistics operations. They can also make real-time changes for the smooth running of the supply chain.
Easy Supplier Integration
The key for visibility and active collaboration is the integration of suppliers in a cloud-based integration portal shared by the suppliers, customers, and carriers. In other words, a single view of supply chain activity across all trading partners from sourcing to delivery will empower all supply chain executives to adapt their production and logistics plans and inventories quickly.

Retail CIO Outlook

Retailers are increasingly recognizing that what has made them successful historically — getting the right product in the right place for the right price — is now the bare minimum.

Comments

Post a Comment

Popular posts from this blog

AI In Future Fashion Design

Image
Designers are empowered with speed and innovation while creating show-stopping fashion designs, customizing draperies, catering to the customer demands, and performing alterations and adjustments. AI in fashion design has indeed stepped onto the ramp as a solution for brands, to gain a competitive edge. With its transformative role,  artificial intelligence (AI)   has caught the eye of every sector due to its ability to research, experiment, innovate, and develop products. One of these sectors is the fashion retail sector. The fashion retail has undeniably accepted to embark on the journey of transformation towards AI in designing, merchandising, and selling clothes. Designing In the ever-demanding market, designers are always on the edge of their seats, trying to satisfy customer needs with bright and imaginative designs. The assistance of robot-design software can help creative beings to spin out a variety of models with AI-powered algorithms. These algorithms can learn
Read more

Technology that will Revolutionize the Retail Industry in 2019

Image
Retail Industry   experiences a paradigm shift with technology that retailers must keep an eye on to meet the growing customer expectations. Gone are the days when streets were crammed with small retail stores, with people overflowing and chasing their preferences across stores. While the consumers face issues with this brick-and-mortar shopping, they look for a better option that completes the task of shopping in the blink of an eye. In that way, online shopping serves better where consumers shop on their gadgets with just a click of a button instead of taking a trip down to the shopping mall. The advancements in the digital channels are leading to this explosive growth of online shopping. This shift attracts consumers a lot more than the traditional methods, and the retailers must adapt to the transformation to keep in pace with their consumers’ expectations. Here are some technology trends that retailers should keep an eye on to gain the competitive edge. Check This Out:  To
Read more

AI's New Role in Retail as A Duplication Eliminator

Image
Retailers today are in constant search for ways to cope with increasing competition, operational costs, and mounting pressure. As always, most of the strategies towards achieving these are centered on enhancing the consumer experience at different levels. Category duplication is among the immediate concerns which act as a roadblock towards ensuring consumer satisfaction. It is a challenge for retailers to carry out rationalization of categories without negatively influencing a customer’s perception of options. Studies have observed that about 17 percent of items within a given category exhibit a duplicative nature in the retail sector. With these many items showing a duplicative tendency, retailers may be unintentionally leading to undue stress and confused shoppers. At times, presence of too many options, in-store or online, empowers customers not to choose. It is critical to optimize assortment offerings through an understanding of the customer’s perception of choice. However
Read more