Retail and eCommerce can leverage open source cloud technology

In a recent webinar, experts Alex Timlin and Jan Hegewald discussed the challenges facing retailers and how open source cloud technology can support their digital transformation efforts. They highlighted four key trends that are here to stay in the retail industry: increased reliance on mobile devices, video interactions with brands, demand for sustainable products, and personalized shopping experiences leveraging data. The biggest challenges currently faced by retailers include hesitations surrounding AI technology implementation and unpredictability of demand. Cloud and open-source technologies can help retailers scale into the future by offering scalable data centers, flexible operation costs, safe test environments, expanded services, better productivity, and more innovation. To prepare for digital transformation through cloud and open-source technologies, businesses should adopt a mindset/philosophy/culture shift, align business goals with technology functionalities, prepare their architecture, develop a clear migration strategy, and align all stakeholders.