Cloud Drives Digital Transformation in Retail

Cloud Drives Digital Transformation in Retail

Highlights from the 2020 Frost & Sullivan Global Cloud User Survey

RELEASE DATE
17-Mar-2021
REGION
Global
Research Code: K604-01-00-00-00
SKU: IT04297-GL-CR_25304

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IT04297-GL-CR_25304

$4,950.00

$4,455.00 save 10 %

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Description

In 2020, the retail industry faced tremendous challenges, as COVID-19 caused disruptions in product supply and demand; in the labor pool; and in consumer spending. To address the challenges, retailers accelerated their digitalization strategies. The retailers best positioned to emerge stronger from COVID-19 were those that leveraged a cloud foundation to maintain customer relationships, protect employee health and safety, and maintain a competitive differentiator through innovative, customized products.

The 2020 Frost & Sullivan Global Cloud User Survey looked at how retailers worldwide are approaching digital transformation. Among the findings are:
• Retailers feel generally positive about their digital journeys, with 67% saying they believe they are more digitally advanced than competitors.
• 76% say their technology investments are meeting stakeholder expectations for achieving business goals.
• Multicloud adoption has skyrocked among retailers in the past year, up nearly 50%. Hybrid cloud adoption is up by 19%.

Author: Lynda Stadtmueller

Table of Contents

Cloud Drives Digital Transformation

  • An Analysis
Related Research
In 2020, the retail industry faced tremendous challenges, as COVID-19 caused disruptions in product supply and demand; in the labor pool; and in consumer spending. To address the challenges, retailers accelerated their digitalization strategies. The retailers best positioned to emerge stronger from COVID-19 were those that leveraged a cloud foundation to maintain customer relationships, protect employee health and safety, and maintain a competitive differentiator through innovative, customized products. The 2020 Frost & Sullivan Global Cloud User Survey looked at how retailers worldwide are approaching digital transformation. Among the findings are: • Retailers feel generally positive about their digital journeys, with 67% saying they believe they are more digitally advanced than competitors. • 76% say their technology investments are meeting stakeholder expectations for achieving business goals. • Multicloud adoption has skyrocked among retailers in the past year, up nearly 50%. Hybrid cloud adoption is up by 19%. Author: Lynda Stadtmueller
More Information
No Index No
Podcast No
Author Lynda Stadtmueller
Industries Information Technology
WIP Number K604-01-00-00-00
Is Prebook No
GPS Codes 9705-C1,9658