Welcome!

Mobile IoT Authors: PagerDuty Blog, Liz McMillan, Elizabeth White, Peter Silva, Sematext Blog

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
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...