How cloud computing is beneficial for retail industry
Introduction:
As per Harvard business Scholl review, 40% of the users said that using cloud computing in their business has increased their sale 12.5% in a financial year. Retail industry is the place here the products are sold directly to the customers. The Cloud computing industry has increased much prevalence in each different business however in the retailing business is as yet dormant in embracing distributed computing. Retailing industry is gradually receiving the cloud computing innovation which can give the real advantages including the diminished costs, versatility, lesser time and adaptability. Then again, as indicated by a Microsoft-dispatched study of around 3,000 business leaders over the US, almost 50% of the respondents from the retail business said that their organizations have effectively received cloud computing and 33% of the respondents said that their organizations are prepared to embrace cloud computing.
Project Aim:
Retailers those who are sill following the traditional business finds hard to get market research analysis as they get less flexibility in channel operation. As most retailers are dealing with big data therefore cloud computing is the handy technology to improve the day to day operations
Project objective:
The objective is to understand the importance of Cloud computing in retail sector
To understand how potential is cloud technology to increase the retail sector business growth
To understand the potential solutions offered by Cloud computing service providers for business expansion
Evaluation of Solution: Benefits Of cloud Computing
Improved Channel Operation
Higher Supply Chain Visibility
Better Merchandising Decision
Personalized Customer Service
Better insight into business performance (Chieu, 2010)
Improved Channel Operation, Higher Supply Chain Visibility, Better Merchandising Decision, Personalized Customer Service, Better insight into business performance these areas are the areas retailers can get benefit from cloud computing. Thus success goals in retail industry has become complicated along with achievable with the help of these cloud based technology, it gives retailers the access to industry inventory process along with it makes things less sophisticated for both enterprise managers and their staffs.
Rationale:
In context of this retailing industry, cloud computing has been identified as an effective collection and analysis of huge volume of data. With the help of Point of Sale (POS) have amount of data is collected, the low and middle level business partners do not have enough resources to store and to maintain large amounts of data that are being generated. With the help of this Cloud computing the retail cloud service providers will provide service and collect the data from advance servers.
Facilities required: Java Eclipse
Front end: HTMl, CSs, Javascript
Risk in cloud Computing:
Security Concerns
Data Breach
Availability of services
Difficulty in switching providers once data has become entrenched with a particular provider (Jain & Paul, 2013
The security concern in Cloud Computing is quite High, it has deterred many large organizations from jumping into cloud computing. Many data security issues and data breach has occurred earlier. Despite of this data protection risk, Cloud computing proves to be the best solution of IT services in retaiul platform.
Project planning:
As the retail industry will be adopting the clod technology the project planning needs to be done in a perfect manner. For this the steps that need to be followed are described in the image. The initial phase needs to address specifically the characteristics if reprovising technologies that uses the automation and virtualization, it begins with identification and prioritizing the cloud initiatives. The effects on SDLC, budgeting process and other issues need to be addressed.
Gnatt chart
Cost Allocation:
This table depicts the cost of setting up cloud computing.
60% of the private cloud costs are labor, and 40% are associated with equipment. • There are limited labor savings when transferring to the private cloud. • To manage today’s public cloud, for class 3 applications with high integrity, security and audit requirements there would significantly increased management, audit and the cost of the security. In order to maintain higher levels of security and audit can be offered by Future offerings, and would shift some of the labor cost to the subscription costs
Conclusion:
Cloud technology has been beneficial to most technology and it has gained traction in small to large scale, especially in the retail industry. Thus most of the retailers are moving to this industry for sales growth.
Reference List
Chieu, T., Kapoor, S., Mohindra, A., & Shaikh, A. (2010, July). Cross enterprise improvements delivered via a cloud platform: a game changer for the consumer product and retail industry. In 2010 IEEE International Conference on Services Computing (pp. 530-537). IEEE.
Jain, R., & Paul, S. (2013). Network virtualization and software defined networking for cloud computing: a survey. IEEE Communications Magazine, 51(11), 24-31. Alshamaila, Y., Papagiannidis, S., & Li, F. (2013). Cloud computing adoption by SMEs in the north east of England: A multi-perspective framework. Journal of Enterprise Information Management, 26(3), 250-275.