Welcome!

Mobile IoT Authors: Pat Romanski, Liz McMillan, Kevin Benedict, Jose Diaz, Elizabeth White

News Feed Item

Cloud in European Vertical Markets

LONDON, Jan. 9, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Cloud in European Vertical Markets

Expected Evolution of Cloud Adoption in the Retail, Manufacturing, and Energy/Utilities Sectors

Globally, enterprises are moving their IT infrastructure to the cloud, aiming to benefit from advantages of scalability and cost. However, the rate of adoption of cloud is varied with some sectors quick to implement the cloud and others choosing a more gradual approach. In this study, Frost & Sullivan discusses the pace of cloud adoption in 3 sectors – retail, manufacturing, and energy – which exhibit different trends of cloud implementation. The study also highlights the challenges encountered by the energy, retail, and manufacturing verticals and how implementation of cloud can help improve overall efficiency.

State of Cloud Adoption Among Vertical Sectors

• The adoption of cloud is expected to benefit organisations due to the cost-effectiveness, simplicity, flexibility, and scalability offered by the model. However, apprehensions concerned with transitioning to new technologies and internal barriers to migration have caused verticals to react differently to implementation of the cloud.
• Verticals are at different stages of adoption with traditionally conservative industries exhibiting slower transition than others and with reasonably optimistic outlook towards implementation of new technologies.
• In this research, Frost & Sullivan aims to analyse the state of adoption and areas for cloud implementation in the energy, retail, and manufacturing. As these are the 3 industries identified as most likely to drive smart transformation, Frost & Sullivan needed to illustrate the current cloud technologies landscape. This research is based on primary (interviews with stakeholders in the markets) and secondary inputs (Frost & Sullivan database).
• The retail sector is the most advanced industry that has adopted cloud technologies. This could be due to the common theme observed in most sectors in the willingness to migrate enterprise applications to the cloud while continuing to operate mission-critical systems on legacy systems.
• Manufacturing remains slow in cloud technologies adoption despite expectations that the sector would have progressed significantly into smart manufacturing processes via information and communications technologies. The energy sector is the slowest in cloud technologies adoption.
• An industry with inherent seasonal shifts, the retail sector is customer-facing with an increasing need to use emerging technology trends such as mobile and social media. It, therefore, stands to benefit from the scalability offered by the cloud.
• This research service will identify the key areas of cloud transition in the retail sector and highlight current cases of retailers and vendors using this technology in the market.
• The global nature of manufacturing business necessitates the use of cloud technology that can integrate operations across the world, reducing delays due to co-ordination between stakeholders in the manufacturing process.
• Frost & Sullivan discusses the options available for manufacturers to migrate to cloud-based solutions as it traditionally relies on applications that are part of the enterprise resource planning suite.
• The energy sector is a traditionally conservative and risk-averse industry and is, therefore, relatively slow in the adoption of cloud. However, the rise in big data and the need to be cost-efficient is expected to increase investment in cloud.
• Frost & Sullivan investigates the forces behind transition of energy applications to the cloud and examines the different cases for cloud implementation, as well as the opinions of utilities.
• The following sections in this research will discuss the challenges encountered by energy, retail, and manufacturing verticals and how implementation of cloud can help improve overall efficiency.

Importance of Technology for the Success of Retail

• The retail sector is a competitive, customer-facing industry with low profit margins that relies on the use of technology to ensure efficiency in operations and increase visibility among customers.
• The information and communication technologies (ICT) industry is, therefore, an important supporting arm for retailers to help maintain adequate competency levels and ensure survival in the market.
• Frost & Sullivan estimates that the retail sector ranks among the top 10 industries with heavy investments in ICT.
• Additionally, ICT expenditure is expected to grow even further with a compound annual growth rate (CAGR) ofX% between 2012 and 2017.
• On the supply end, ICT can help retailers to co-ordinate the supply chain participants and maintain accurate delivery of products to the store.

ICT in Retail Sector
• Supply Chain Applications
• Demand Management
• Marketing
• Point-of-Sales (PoS)

• On the demand side, retailers can use technology to capitalise on social media and mobile technology trends to build a brand image.
• Retailers can also use emerging technology to improve their back-office systems and in-store operations.
• Currently, a large number of retailers are embracing emerging technologies such as machine-to-machine (M2M) communication, big data, mobile apps, and digital signage.
• The following section will discuss the application of cloud computing in retail and explain how migrating to the cloud can help retailers overcome challenges encountered in the market.

Trending Technologies
• M2M Communication
• Big Data Analytics
• Cloud Computing
• Location-based Applications
• Mobile Payment Apps

Challenges in the Retail Sector

Facing Cut-throat Competition - Challenges
The retail sector is a highly competitive industry with an increasing need for market participants to maintain margins by providing efficient services. One of the ways retailers can survive a cut-throat competitive market is to have a transparent production and distribution process that brings to market products based on the preferences of the customer.

Managing Inventory Management in Real-time
One of the central functions in the back-end of a retail store is the process of monitoring incoming and outgoing stock. Inventory management is a time-consuming, but critical activity for retailers. Getting it right is a mark of a profitable organisation. It can be a complex process for large retailers that maintain multiple stores. They cannot afford to run out of products demanded by customers as this can cause a decrease in their profit margins.
In order to meet demands accurately, it is also important for inventory managers to be able to study and forecast demand. Information about demand and required inventory levels can then be passed through to the supply chain.

Developing Customer Interaction
The other side of the coin for retail success is for retailers to differentiate themselves from the rest, building a unique brand image among customers. This requires effort from retailers to develop relationships with customers using interactive technologies. There is a growing trend of eCommerce websites replacing traditional brick and mortar shops. It has, therefore, become more difficult to engage with customers. Retailers have to find newer ways of interacting with customers.

Enhancing Customer Experience
Moreover, in a world where people are increasingly becoming more gadget-friendly, interacting on social media networks and spending more time on the virtual world, it is important to provide a unique and enjoyable retail experience that keeps the customer engaged. Retailers, therefore, have to go beyond simple in-store interaction to more innovative methods using technology that helps build customer relationship and add value to them. Innovation and improvisation are constant challenges retailers have to overcome to be ahead of their competition.

Cloud Technologies Address Retail Sector's Challenges

How an Cloud Help Overcome these Challenges?
Increased adoption of new technologies, use of mobile and social media interaction, and analysing customer data bases to gain deeper insight into shopping behaviour require the scalability, speed, and assured up-time that the cloud model can offer.
Cloud computing can also contribute to maintaining more efficient software systems that can provide transparency in the retail process from production to distribution through sales at the retail shop.
Retailers can implement cloud in their administrative systems, mission-critical systems, PoS solutions, or eCommerce sites.
Some of the most commonly used cloud-based solutions are general administrative software for human resource management, customer relationship management, or other platforms for marketing and sales.

Table of Contents

1. Executive Summary
2. Retail Sector
3. Manufacturing Sector
4. Energy/Utilities Sector
5. Conclusion
6. The Frost & Sullivan Story

Read the full report:
Cloud in European Vertical Markets
http://www.reportbuyer.com/business_government/outsourcing_bpo/cloud_european_vertical_markets.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Business_Outsourcing

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...