The retail sector best demonstrates the saying "change is constant". Their approach to cloud computing is something perplexing. Cloud computing is showing in almost every business. It is a great breakthrough from the client-server structure of the eighties. The retailing industry is however lagging behind in embracing this feature called as cloud computing. Application of cloud computing can do wonders for the industry, but many do not understand this fact. Cloud is just a metaphor used in cloud computing that refers to the internet. Although people are acquainted with social networking and sharing information through email, they are not familiar with performing operations through the internet.
Cloud computing also shares the information in the same manner. It implies sharing applications - software and operating system, also hardware and infrastructure like storage units using the internet. Software industry behemoths have already launched offering their services on the cloud. Retailing being one of the largest industries has not stepped into cloud computing yet. In the retail industry, cloud computing can help in efficient analysis and collection of high volume sales data. It can also help them in inventory management. In retailing, a large amount of sales data is generated every day. Managing it will become enough easier with the use of cloud computing. Sales statistics can be obtained from discount coupons and loyalty cards also.
Generally, small retailers have no resources to capture such huge amount of data. If you have the cloud, it can collect all those types of sales data from worldly server networks attached to the supply chain of cash registers of different family owned small stores. Through cloud computing, you can compare the sales with that of another time period. The cloud provider can also track the performance, season ability of each product and other details. Analytical results of the retailer can also be obtained through the cloud. Good could service providers will help the retailers understand the trends and patterns of large databases. Inventory management will also become very easy with cloud. Retailers can save a lot on IT management if they use cloud computing. The complexity of managing individual system is more. For Large-scale retailers, it is advisable to switch to cloud computing.