IBM Makes Cloud Computing “Fashionable” With L’Oréal Deal

IBM Makes Cloud Computing “Fashionable” With L’Oréal Deal

NEWS: IBM Makes Cloud Computing “Fashionable” With L’Oréal Deal

It is wiser to find out than to suppose.”

                                                              – Mark Twain (1835-1910), legendary author and humorist.

loreal-logo

There was once a time when businesses were done through intelligence guesswork – you guessed what your customers would like and you provided it, you guessed what the demand will be and you procured accordingly, so and so forth. Now, “estimating” may have been the word used instead of “guessing”, but it was still an art, and an imperfect and error-prone one at that, until analytics emerged as a science.

With the use of analytics, businesses could predict the future with a greater degree of accuracy, resulting in lesser wastage, faster turnarounds and improved performance – thereby affecting both the top line and the bottom line. Now, with cloud analytics as offered by IBM, all this is possible at a lower cost than ever before.

This is where L’Oréal, the world’s largest cosmetics and beauty company, has seen value. Always a leader in the beauty industry, L’Oréal now stands as a leader among companies looking to leverage the tremendous power of cloud analytics in everyday operations. It made its intentions known by signing a major three-year agreement with IBM for expert procurement services using an advanced cloud analytics solution that will transform the way L’Oréal USA, the cosmetics giant’s wholly-owned subsidiary, buys from its network of North American suppliers.

With this agreement, L’Oréal will gain access to a powerful portfolio of IBM procurement services, consulting and analytical expertise including a new analytics tool developed by IBM Research, as well as IBM SmartCloud commerce solutions. This will completely revolutionize the entire supply chain management system in the cosmetics industry and may well see L’Oréal’s competitors following suit with similar initiatives. At the end of the day, while the company will benefit from cost efficiencies, L’Oréal’s loyal customers will benefit from new products appearing faster on the shelves.

Explaining the rationale of this agreement, Rich Ullrich, Vice President Indirect Procurement at L’Oréal USA said, “With our rapid growth and expansion, we  needed deep category knowledge across all spend areas as well as the assurance of compliance with all buying processes in order to realize true savings. IBM was unparalleled in its ability to deliver cutting-edge data analytics, the best cloud commerce solution and the strategic sourcing and technology services needed to make it happen.”

IBM, understandably, is quite pleased at this high-profile development. Lori Steele, General Manager IBM Global Process Services, commented, “As one of the leading names in the beauty segment of the consumer products goods market, L’Oréal has long understood that attention to detail drives bottom line improvement,” said “We’re pleased L’Oréal USA is able to combine the best of IBM’s research-rich expertise and cloud-based analytics to gain control over total supplier spending, and thereby transform its procurement function from a corporate cost center to strategic company asset.”

With this deal, L’Oréal has shown its appreciation of the “beauty” of IBM’s cloud analytics solution; others should soon follow.

On the subject of IBM, do check out this free webinar  dealing with software asset and license management. It has an interesting title, “Has Anyone Ever Returned an Unused Software License?”, and brings together views of experts from Deloitte and Frost & Sullivan. Registration is short and free but numbers are limited.

By Sourya Biswas

Sorry, comments are closed for this post.

Conquering Disease with Artificial Intelligence and IBM Watson

Conquering Disease with Artificial Intelligence and IBM Watson

Artificial Intelligence and IBM Watson Artificial Intelligence, or AI, is growing increasingly pervasive in today’s modern world. Perhaps the most publicized and recognizable application of AI to date, IBM’s Jeopardy-winning computer, Watson, is now being used to help cure cancer. IBM announced the development of Watson for Genomics on Wednesday at the National Cancer Moonshot…

The Fundamentals of Predictive Analysis

The Fundamentals of Predictive Analysis

Predictive Analysis  Article sponsored by SAS Software and Big Data Forum Analytics is playing an increasingly important role in our lives thanks in large part to internet of things (IoT) developments and a greater appreciation of Big Data. With solutions that range across business productivity, health care, individual and national security, new insights are regularly…

Clouding Around With The Unicorns

Clouding Around With The Unicorns

The Social Unicorn Early investors and technology consumers alike love the poignantly named “Unicorn” companies, or private startups that reach the $1 billion valuation. The most recent unicorn spotting is social media game-changer Snapchat, which was recently valued at $16 billion. According to a recent infographic from Alexa discovered via Adweek, Snapchat also proves to…

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.…

Increasing Efficiency and Reducing Cost with Managed Printing Services

Increasing Efficiency and Reducing Cost with Managed Printing Services

Managed Printing Services This is a sponsored post written on behalf of HP MPS.  Today’s business leaders recognize the value of shared services, significantly providing a wide range of enterprises with the sophisticated tools they need to compete with big business, while additionally driving costs down. But an area often overlooked in our tech-savvy world…

Cloud Infographic – Cloud Public, Private & Hybrid Differences

Cloud Infographic – Cloud Public, Private & Hybrid Differences

Cloud Public, Private & Hybrid Differences Many people have heard of cloud computing. There is however a tremendous number of people who still cannot differentiate between Public, Private & Hybrid cloud offerings.  Here is an excellent infographic provided by the group at iWeb which goes into greater detail on this subject. Infographic source: iWeb

Cloud Infographic – What Is The Internet of Things?

Cloud Infographic – What Is The Internet of Things?

What Is The Internet of Things? “We’re still in the first minutes of the first day of the Internet revolution.”  – Scott Cook The Internet of Things (IOT) and Smart Systems are based on the notions of Sensors, Connectivity, People and Processes. We are creating a new world to view and measure anything around us through…

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the Internet and PC.…

The Internet of Things Lifts Off To The Cloud

The Internet of Things Lifts Off To The Cloud

The Staggering Size And Potential Of The Internet of Things Here’s a quick statistic that will blow your mind and give you a glimpse into the future. When you break that down, it translates to 127 new devices online every second. In only a decade from now, every single vehicle on earth will be connected…

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

1 Out Of 3 Sites Are Vulnerable To Malware A new report published this morning by Menlo Security has alarmingly suggested that at least a third of the top 1,000,000 websites in the world are at risk of being infected by malware. While it’s worth prefacing the findings with the fact Menlo used Alexa to…

Surprising Facts and Stats About The Big Data Industry

Surprising Facts and Stats About The Big Data Industry

Facts and Stats About The Big Data Industry If you start talking about big data to someone who is not in the industry, they immediately conjure up images of giant warehouses full of servers, staff poring over page after page of numbers and statistics, and some big brother-esque official sat in a huge government building…

Cloud Infographic – Big Data Analytics Trends

Cloud Infographic – Big Data Analytics Trends

Big Data Analytics Trends As data information and cloud computing continues to work together, the need for data analytics continues to grow. Many tech firms predict that big data volume will grow steadily 40% per year and in 2020, will grow up to 50 times that. This growth will also bring a number of cost…