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Cloud-Based Technology: Identifying Key Opportunities for Retail

Verizon

Cloud-based solutions are already being used by a growing number of retailers to support their most important business functions -- including the mission-critical point of sale. While some concerns remain about data security and application uptime, there's significant movement within the retail industry toward cloud-based, on-demand solutions, and it's easy to see why. Unlike many other technologies that retailers have had to adapt to meet their business needs, it's as if cloud computing was designed specifically with the cost-conscious, data-deluged retail enterprise in mind. Retailers can achieve savings from lower initial capital expenditures, and the usage-based pricing model used by most cloud-based applications aligns well with the spiky, seasonal nature of the retail business. Cloud-based technologies also provide the flexibility to scale up quickly, supporting IT deployments for everything from pop-up stores to more permanent expansions, and to scale down just as quickly when business conditions change and a new approach is needed.

 
 
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