White Paper: Six Strategies To Increase Global Retailer's IT Savings

By Dattaguru Hegde, General Manager, Retail group at MindTree

Retail sales in the US and European markets are displaying a negative growth at this point of time. Meanwhile, the markets in Australia and China are still holding on and doing relatively better. Indications are that retail sales in emerging markets will pick up faster in the following few months. Upswing in the capital market will also be a key factor to watch out for in emerging economies, as it has reduced wealth erosion. This will have an impact on luxury spending. Consumer spending is expected to increase next year and the retail sector will see a significant improvement in business.

Currently it is in every retail CIO's interest to have a clear and winning IT strategy to cut cost and increase IT savings. Keeping a long-term view in mind, it is important to embark on a journey to optimize the "lights on" projects, and cut cost with balanced offshoring and incremental value added initiatives. This article lists out some of the key strategies one can adopt in this challenging environment.