There has been a significant cloud transition across industries, especially Retail. According to IDC, worldwide spending on public cloud services will grow at a 19.4% compound annual growth rate (CAGR). This shows how cloud has taken an important role in the growth of enterprises. Understanding the key complexities that retailers face in order to cope up with the modern business standards and customer demands, Oracle has expanded its cloud services through its latest Oracle Retail version 16 which has more than 33 cloud-enabled retail services.
Oracle Retail Cloud v16 is aimed at helping retailers to adopt cloud technology at their convenience and deliver a unified customer experience across eCommerce and physical stores. Retailers can achieve faster time to market, increased reliability and 100% up time to handle heavy traffic especially during peak seasons – all at reduced cost.