Cloud Computing In FMCG Sector

Cloud Computing in FMCG Sector

A vertical market or vertical is engaged in trade based on specific and specialized needs where competition is within a well-defined segment. Fast Moving Consumer Goods (FMCG) – or Consumer Packaged Goods (CPG) is a vertical that fulfil the primary needs of consumers. Each one of us uses fast moving consumer products every day such as dairy products and baked goods, cosmetics, teeth cleaning products, and shaving products.

Dynamics such as rapid urbanization, global exposure etc. in FMCG sector has created new challenges; thus business intelligence has become a new mantra for FMCG sector, which leads to intelligent business. Enterprise content management also plays a vital role in supporting analytics. Along with benefits, usage of technology comes with certain barriers such as cost, efficient utilization, feasibility etc.

Advent of Cloud Computing has changed the scenario for all kinds of companies in FMCG sector. Combination of BI and ECM, popularly known as Enterprise Information Management (EIM) is considered as future trend and with Cloud computing, it will bring huge change in FMCG sector by addressing various dynamics which are seen as roadblock in the potential growth of the FMCG sector.

Cloud computing can be a key enabler for BI and ECM in FMCG Sector for the following reasons:

  • Data is moving into the cloud; mainly, with the burst of Cloud Storage options and RDBMS availability in the cloud. Shared architecture philosophy, on the other hand, does support elastic scalability. It also supports other cloud objectives such as lower costs for resources, maintenance, tuning and support, less operational expenses.

  • Data workloads are becoming increasingly weighty.

  • Analytical and Reporting applications need to be used as service to meet the varied demands.

  • BI technology needs to be experienced in enterprises before full acceptance and for this sandbox testing cloud is the best choice.

  • Computing and data storage resources can be planned in incremental basis according to the need and successful execution of proof of concepts in Cloud and paid as per usage.

The FMCG sector in particular will enjoy EIM capabilities on cloud, on-premises or managed via outsourcers. Cloud computing is starting to change the scenario for EIM based on potential cost savings and technology benefits. Organizations can establish Cloud, BI and ECM practice. There is a potential for offering services to valued customers in the area of Cloud based EIM services in FMCG sector as well as other verticals also. It is better to build Proof of Concepts to start with and then it can be enhanced as a service offering. Dedicated EIM Service to cater to the companies in FMCG sector and other verticals looking for such services will be in demand for next few years.

By Mitesh Soni

Mitesh is a Technical Lead at iGATE. He is in the Cloud Services Practice (Research and Innovation) and loves to write about new technologies. He is SCJP, SCWCD, CCSK,VCP. He firmly believes that highly organized research is guaranteed to produce nothing new and try to come up with different attributes to attach with his research.

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

Despite Record Breaches, Secure Third Party Access Still Not An IT Priority

Despite Record Breaches, Secure Third Party Access Still Not An IT Priority

Secure Third Party Access Still Not An IT Priority Research has revealed that third parties cause 63 percent of all data breaches. From HVAC contractors, to IT consultants, to supply chain analysts and beyond, the threats posed by third parties are real and growing. Deloitte, in its Global Survey 2016 of third party risk, reported…

Achieving Network Security In The IoT

Achieving Network Security In The IoT

Security In The IoT The network security market is experiencing a pressing and transformative change, especially around access control and orchestration. Although it has been mature for decades, the network security market had to transform rapidly with the advent of the BYOD trend and emergence of the cloud, which swept enterprises a few years ago.…

Three Reasons Cloud Adoption Can Close The Federal Government’s Tech Gap

Three Reasons Cloud Adoption Can Close The Federal Government’s Tech Gap

Federal Government Cloud Adoption No one has ever accused the U.S. government of being technologically savvy. Aging software, systems and processes, internal politics, restricted budgets and a cultural resistance to change have set the federal sector years behind its private sector counterparts. Data and information security concerns have also been a major contributing factor inhibiting the…

Virtual Immersion And The Extension/Expansion Of Virtual Reality

Virtual Immersion And The Extension/Expansion Of Virtual Reality

Virtual Immersion And Virtual Reality This is a term I created (Virtual Immersion). Ah…the sweet smell of Virtual Immersion Success! Virtual Immersion© (VI) an extension/expansion of Virtual Reality to include the senses beyond visual and auditory. Years ago there was a television commercial for a bathing product called Calgon. The tagline of the commercial was Calgon…

Three Tips To Simplify Governance, Risk and Compliance

Three Tips To Simplify Governance, Risk and Compliance

Governance, Risk and Compliance Businesses are under pressure to deliver against a backdrop of evolving regulations and security threats. In the face of such challenges they strive to perform better, be leaner, cut costs and be more efficient. Effective governance, risk and compliance (GRC) can help preserve the business’ corporate integrity and protect the brand,…

The Fully Aware, Hybrid-Cloud Approach

The Fully Aware, Hybrid-Cloud Approach

Hybrid-Cloud Approach For over 20 years, organizations have been attempting to secure their networks and protect their data. However, have any of their efforts really improved security? Today we hear journalists and industry experts talk about the erosion of the perimeter. Some say it’s squishy, others say it’s spongy, and yet another claims it crunchy.…

Maintaining Network Performance And Security In Hybrid Cloud Environments

Maintaining Network Performance And Security In Hybrid Cloud Environments

Hybrid Cloud Environments After several years of steady cloud adoption in the enterprise, an interesting trend has emerged: More companies are retaining their existing, on-premise IT infrastructures while also embracing the latest cloud technologies. In fact, IDC predicts markets for such hybrid cloud environments will grow from the over $25 billion global market we saw…

What the Dyn DDoS Attacks Taught Us About Cloud-Only EFSS

What the Dyn DDoS Attacks Taught Us About Cloud-Only EFSS

DDoS Attacks October 21st, 2016 went into the annals of Internet history for the large scale Distributed Denial of Service (DDoS) attacks that made popular Internet properties like Twitter, SoundCloud, Spotify and Box inaccessible to many users in the US. The DDoS attack happened in three waves targeting DNS service provider Dyn, resulting in a total of about…

Digital Twin And The End Of The Dreaded Product Recall

Digital Twin And The End Of The Dreaded Product Recall

The Digital Twin  How smart factories and connected assets in the emerging Industrial IoT era along with the automation of machine learning and advancement of artificial intelligence can dramatically change the manufacturing process and put an end to the dreaded product recalls in the future. In recent news, Samsung Electronics Co. has initiated a global…