Role of Cloud Computing in Retail Sector

role of cloud computing by ultimatechgeek.com


What is Cloud Computing?

Most of the people present “Cloud Computing” as technical term. However, in realism it is something which is we all use in our daily routine. The word cloud is a simile used for “Internet”, and when the word “computing” is added with cloud it means placing the data in the cloud from personal servers or computers for using it in business. Let us take simple example of email services by Google/Yahoo/Hotmail. Your email must be having different types of documents which are stored in Cloud and you can easily access it from home or office or even while travelling. This all is possible with the help of cloud computing only.


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Significance of Cloud Computing in Retail Sector:

For sharing the information, cloud computing makes use of 2 things i.e. Internet and storage centers. Nowadays, it is almost impossible for every company to shun cloud computing. When it comes to Retail Sector, use of cloud services becomes imperative. The reason behind this is that it allows customers to make transactions. In addition, it also helps businesses to capture, manage, secure and analyze growing set of customer data. Moreover, cloud computing is time and cost effective technology which helps management in reducing the overall operating costs. This will further help the business to explore new markets at lower costs.

Retail sector can easily achieve efficiency in collection and analysis of sales data by using cloud computing. In most of the cases, retailers don’t possess required resources to utilize huge amount of their sales data. But, with cloud computing data is gathered from dedicated servers and stored for retailers. The best thing is that, this data can be accessed from anywhere via internet.
  • The second benefit is that it aids in product monitoring. The cloud service provider will monitor the performance of product, its trend and finally presents the results of analysis to retailers.
  • It analyzes the data in short time by using high power computing resources and statistical models.
  • Cloud Service provider also help the retailers in managing their inventory levels. Since they serve multiple retailers at a time, they can effectively address stock related issues. They also help in predicting the stock levels.
  • Cloud computing also help in reducing the administrative costs as it eliminates the problem of managing individual systems.
In short, cloud computing offers number of benefits to retail sector like savings of cost, time, better management etc. So, if you still think that Cloud Computing is something very technical, then you are missing something for sure. Switch to this amazing technology to enjoy above mentioned benefits.

 Author Bio:
This blog post is written by Jessica Atkins who is an active blogger. At present she writes for reputed Software Development company.

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