With upcoming technologies, economic instability, and increasing regulation applying pressure on the consumer electronics industry, companies will face more complex supply chains, shrinking product life cycles, uncertain demand, and decreasing revenues. Within this dynamic scenario, cloud computing offers a new path for sustainable, efficient, and flexible growth. Gartner forecasts that the cloud services market will grow 16.6% in 2020 ($249.8 billion) and by 2022, 90% of organizations across industries will be using cloud services.
Consumer electronics leaders share their top reasons to adopt cloud computing as improved internal business-process efficiency, increased customer demand, and expanded sales channels. Using a combination of cloud based services, DevOps services and analytics, companies can accelerate time-to-market and enhance their customers experience as well.
For the electronics industry, cloud computing services offer the potential to redefine customer relationships management, improve governance and transparency, transform operations and expand business agility. Let us see how cloud can stimulate benefits for the consumer electronics industry.
The development of cloud computing, web services, and service oriented architecture, is the key to providing the integration that will open up the field to improved collaboration and operational efficiency. Cloud computing service providers allow companies (big or small) to move a part or all of their operations from a local network to the cloud platform, thereby making it easier for them to access a host of facilities such as data storage, processing, and much more.
To illustrate, managing content deployment and OTA for 70K+ on-field connected devices for a leading electronics manufacturer of touch screen displays and POS devices would not have been easy without cloud device management Software-as-a-Service (SaaS). Cloud based portal enabled their user subscription & management, content upload, add/update devices, and configurations all on single portal within a click, thus, simplifying processes and improving operational efficiency with anytime anywhere access.
Also, a standard transition of business applications to cloud is seen where organizations deploy SAP/ CRM on the cloud providing flexible accessibility and simplified setup for servers/software.
Moreover, applying DevOps methodology in the cloud enhances collaboration between teams, boosts the efficiency of the application development cycle, optimizes product quality and saves time. DevOps practices and tools that help the businesses run faster and smoother by automating key steps with standardization.
In addition to bringing buyers and sellers together on the online marketplace, consumer electronics companies can add value by generating personalized product recommendations for buyers with the help of cloud computing and analytics. Because of the clouds expanded computing power and capacity, it can store information about user preferences, its location, and run algorithms to derive intelligent insights enabling product or service customization. For example, a leading consumer electronics brand inferred their user preferences from buying behavior and usage patterns, and used that analytics to offer customized advertisements, offers and suggestions. Ultimately, this paradigm facilitates a host of possibilities, from radically improving the performance of current devices and services that benefits the companies, to delivering improved customer satisfaction ensuring customer loyalty.
Benefits of cloud computing to consumer electronics
Competitive advantage created by going to market first with innovative new products, be it feature-rich or value-driven is critically important in the electronics industry. Electronics OEMs have made dramatic reductions in the product development cycle time with product life cycle management (PLM) systems, but the development process still remains inefficient and time consuming. Multiple ready to use development and managed services like AWS IoT core, EC2, API gateway, Cognito, S3, Azure Blob Storage, Virtual Machines, and many more from leading cloud providers helps expedite collaborative product development by reducing developers work.
With cloud, companies can enforce standardized protocols, synchronize information between systems and access a centralized database provided by infrastructure-as-a-service. With automation and standardization, OEMs can improve development efficiency and avoid costly downstream errors. This helps to speed time to market and time to value, which in turn yields a critical competitive advantage.
Also, organizations adapting to serverless cloud architecture, on-demand database connectivity and pay as you go model enables to shift their IT capital cost to an operational or variable cost.
One of the major business enablers powered by cloud is ecosystem connectivity. Cloud facilitates collaboration with value chain partners and customers, which can lead to improvements in productivity and increased innovation. Cloud-based platforms can bring together disparate groups of people who can collaborate and share resources, information and processes. The recent trend of open innovation is powered via cloud-based software solutions that connect parties (companies, partners, distributors) and facilitate the sharing of ideas. There are also cloud based deal management platforms streamlining the presentation, negotiation, invoicing, and reconciliation of trade promotions received from companys vendors, distributors in a secure, cloud environment. This put an end to the numerous emails, faxes and spreadsheets that are typically exchanged, reducing errors that are often associated with this kind of communication.
Efficient management of inventory is one of the common challenges faced in the Consumer Electronics industry. It is difficult for giant consumer electronics that manufacture multiple products and manage large distribution channels at different locations to check or manage their stock in real-time and predict future demands. With cloud computing and data analytics, they can have wide visibility of their stocks, market, consumer preferences and competition at global level.
Cloud offers access to real-time data, cloud architecture and analytics platforms to build both predictive and prescriptive inventory forecasting that significantly decreases their issues such as stocks shortage or surplus, enabling better decision making and managed inventories. Moreover, company executives can access data and stocks at any time and from anywhere to check the real-time stock availability.
To succeed with cloud, consumer electronics companies have to assess its impact on the operating model and determine successive actions for more effective cloud adoption. Cloud computing services including architecture, development, deployment, migration, optimization of cloud solutions and cloud data analytics helps consumer companies transform their business model and operations with enhanced flexibility, scalability and efficiency elevating their businesses to the next level.
Dhruvesh Soni is associated withVOLANSYS Technologiesas Principle Engineer for over 6 years. He has diversified experience of developing solutions for domains like Cloud, Internet of Things (IoT), Industrial Internet of Things (IIoT), and more across multiple industries bringing in value to our client's solutions.
View original post here:
- Roundup Of Cloud Computing Forecasts, 2017 - Forbes - May 3rd, 2017 [May 3rd, 2017]
- RCom arm in tie-up for cloud computing - Moneycontrol.com - May 3rd, 2017 [May 3rd, 2017]
- How Do You Define Cloud Computing? - Data Center Knowledge - May 3rd, 2017 [May 3rd, 2017]
- 5 Cloud Computing Stocks to Buy - TheStreet.com - May 3rd, 2017 [May 3rd, 2017]
- Cloud Computing Continues to Influence HPC - insideHPC - May 3rd, 2017 [May 3rd, 2017]
- Red Hat's New Products Centered Around Cloud Computing, Containers - Virtualization Review - May 3rd, 2017 [May 3rd, 2017]
- Adobe bets big on cloud computing for marketing, creative professionals - Livemint - May 3rd, 2017 [May 3rd, 2017]
- Verizon sells cloud services to IBM in 'unique cooperation between ... - Cloud Tech - May 3rd, 2017 [May 3rd, 2017]
- How Cloud Computing Is Turning the Tide on Heart Attacks - Fortune - May 3rd, 2017 [May 3rd, 2017]
- Hospital CIOs see benefits of healthcare cloud computing - TechTarget - May 3rd, 2017 [May 3rd, 2017]
- Trends In Cloud Computing - Business Solutions Magazine - June 6th, 2017 [June 6th, 2017]
- A deeper dive into cloud security as a service: Advantages and issues - Cloud Tech - June 6th, 2017 [June 6th, 2017]
- OpenText buys cloud computing firm for US$103 million - TheRecord.com - June 6th, 2017 [June 6th, 2017]
- Belfast IT firm celebrates cloud computing success in 57 countries ... - Belfast Telegraph - June 6th, 2017 [June 6th, 2017]
- Meet The Cloud Wars Top 10: The World's Most-Powerful Cloud-Computing Vendors - Forbes - June 6th, 2017 [June 6th, 2017]
- How to approach cloud computing and cyber security in 2017 - Information Age - June 6th, 2017 [June 6th, 2017]
- CFOs have discovered the big stick of cloud computing - InfoWorld - June 6th, 2017 [June 6th, 2017]
- Belmont Stakes Odds 2017: Latest Vegas Betting Lines Before Post Positions Draw - Bleacher Report - June 7th, 2017 [June 7th, 2017]
- Cloudistics Announces New Cloud Computing Program That Enables High Margin Reoccurring Revenue Models for ... - Marketwired (press release) - June 7th, 2017 [June 7th, 2017]
- CloudCheckr, cloud computing company expects rapid growth in Rochester - WXXI News - June 7th, 2017 [June 7th, 2017]
- IBM Losing Facebook's WhatsApp as Cloud Customer, says CNBC - Barron's - June 7th, 2017 [June 7th, 2017]
- What My Father Taught Me About Cloud Computing - Virtualization Review - June 7th, 2017 [June 7th, 2017]
- Workday Phenomenon Goes Global As Cloud Computing Goes Mainstream - Forbes - June 7th, 2017 [June 7th, 2017]
- New Cloud Computing and IT Outsourcing Requirements in the Financial Sector - JD Supra (press release) - June 9th, 2017 [June 9th, 2017]
- 3 Things You Should Know About Cloud Computing Right Now - Fortune - June 9th, 2017 [June 9th, 2017]
- Learning in the Sky: Collaborative Robots Embrace Cloud Computing - Machine Design - June 9th, 2017 [June 9th, 2017]
- Best Practices To Manage Your Hybrid Cloud - Forbes - June 9th, 2017 [June 9th, 2017]
- Here's how venture capitalists are thinking about cloud computing companies and technologies - GeekWire - June 9th, 2017 [June 9th, 2017]
- Amazon is helping veterans find jobs in cloud computing - Marketplace - Marketplace.org - June 9th, 2017 [June 9th, 2017]
- New Cloud Computing and IT Outsourcing Requirements in the Financial Sector - Lexology (registration) - June 9th, 2017 [June 9th, 2017]
- Growing Patent Claim Risks in Cloud Computing - Lexology (registration) - June 9th, 2017 [June 9th, 2017]
- The benefits of cloud computing, Rust 1.18, and intelligent tracking prevention in WebKit SD Times news digest ... - SDTimes.com - June 9th, 2017 [June 9th, 2017]
- Edge Computing Is New Cloud Computing Tech Investors Should Track - GuruFocus.com - June 9th, 2017 [June 9th, 2017]
- Real Estate Weekly: Digital Realty Becomes A Cloud Computing Giant - Seeking Alpha - June 9th, 2017 [June 9th, 2017]
- Virtualization admin? Pivot -- pivot now -- to a cloud computing career - TechTarget - June 10th, 2017 [June 10th, 2017]
- Why isn't Cloud Computing in the 2017 Belmont Stakes? - FanSided - June 11th, 2017 [June 11th, 2017]
- Cloud Computing Companies Move Into Medical Diagnosis (GOOG, IBM) - Investopedia - June 11th, 2017 [June 11th, 2017]
- China's cloud industry moving to new era with emergence of unicorns - TechNode (blog) - June 12th, 2017 [June 12th, 2017]
- Terry Crews Is On Crackdown 3 Trailer, No Cloud Computing For Single Player - EconoTimes - June 12th, 2017 [June 12th, 2017]
- The Risks and Perquisites of Cloud Computing - DATAQUEST - June 12th, 2017 [June 12th, 2017]
- Alibaba Cloud announces launch of data centres in India and Indonesia - Cloud Tech - June 12th, 2017 [June 12th, 2017]
- Indonesia banks have yet to implement cloud computing - Jakarta Post - June 13th, 2017 [June 13th, 2017]
- 'Sweden is heaven for cloud computing': Amazon Nordic chief - The ... - The Local Sweden - June 14th, 2017 [June 14th, 2017]
- Amazon.com to open second government cloud-computing region ... - The Seattle Times - June 14th, 2017 [June 14th, 2017]
- Shadow raises $57 million for its cloud computing service for ... - TechCrunch - June 14th, 2017 [June 14th, 2017]
- Amazon Still Leads Cloud Rankings, But Competition Is Coming On Strong - Fortune - June 16th, 2017 [June 16th, 2017]
- Alibaba to enter European cloud computing market in mid-2017 | Air ... - Air Cargo World (registration) - June 17th, 2017 [June 17th, 2017]
- Alibaba to enter European cloud computing market in mid-2017 - Air Cargo World (registration) - June 17th, 2017 [June 17th, 2017]
- Pressing Tech Issue: Enterprise Software Vs. Cloud Computing? - Credit Union Times - June 17th, 2017 [June 17th, 2017]
- 7 Tips for Securely Moving Data to the Cloud - Government Technology (blog) - June 20th, 2017 [June 20th, 2017]
- Chinese tech giant Alibaba joins key open-source cloud computing foundation - GeekWire - June 20th, 2017 [June 20th, 2017]
- Microsoft Could Surpass Amazon in Cloud Computing This Year (AMZN, MSFT) - Investopedia - June 20th, 2017 [June 20th, 2017]
- GDS Holdings Limited (GDS) Announces Strategic Partnership with Tencent Cloud - StreetInsider.com - June 20th, 2017 [June 20th, 2017]
- Cloud first - Philippine Star - June 20th, 2017 [June 20th, 2017]
- Three Considerations for Reducing Risk in Cloud Computing - CIOReview - June 21st, 2017 [June 21st, 2017]
- Cloud Computing and Digital Divide 2.0 - CircleID - CircleID - June 21st, 2017 [June 21st, 2017]
- Microsoft will ride artificial intelligence, cloud computing to higher ... - CNBC - June 21st, 2017 [June 21st, 2017]
- Cloud-Computing Business Lifts Oracle's Profit -- Update - Fox Business - June 21st, 2017 [June 21st, 2017]
- Report affirms continued cloud spend for US businesses in 2017 - Cloud Tech - June 22nd, 2017 [June 22nd, 2017]
- Catching up with an interconnected federal cloud - GCN.com - June 22nd, 2017 [June 22nd, 2017]
- Cloud-Computing Business Lifts Oracle's Profit -- 2nd Update - Fox Business - June 22nd, 2017 [June 22nd, 2017]
- Cisco adapts to the rise of cloud computing - The Economist - June 22nd, 2017 [June 22nd, 2017]
- Amazon accuses Walmart of bullying in cloud computing clash - BBC News - June 22nd, 2017 [June 22nd, 2017]
- Companies plan to spend more on cloud computing services this year, higher prices among drivers: Clutch - Canadian Underwriter - June 23rd, 2017 [June 23rd, 2017]
- Survey: businesses ramp up spending on cloud computing DC ... - DC Velocity - June 24th, 2017 [June 24th, 2017]
- Morgan Stanley: Cloud computing is at 'an inflection point' but how big will it get? - GeekWire - June 26th, 2017 [June 26th, 2017]
- How the cloud has changed education and training - TNW - June 26th, 2017 [June 26th, 2017]
- Cloud computing key to 4th industrial revolution - News VietNamNet - VietNamNet Bridge - June 26th, 2017 [June 26th, 2017]
- Lady Eli, Cloud Computing Among Workers for Brown - BloodHorse.com (press release) (registration) (blog) - June 26th, 2017 [June 26th, 2017]
- Microsoft signs cloud-computing partnership with Box - The Seattle Times - June 27th, 2017 [June 27th, 2017]
- Microsoft Signs Cloud Computing Partnership with Box - CIO Today - June 30th, 2017 [June 30th, 2017]
- US action on Microsoft email case could devastate cloud computing - Irish Times - June 30th, 2017 [June 30th, 2017]
- Cloud computing challenges today: Planning, process and people - TechTarget - July 2nd, 2017 [July 2nd, 2017]
- Five podcasts to catch up on the latest trends in cloud computing - TechTarget - July 2nd, 2017 [July 2nd, 2017]
- Microsoft reportedly set to lay off thousands as part of massive sales reorganization - GeekWire - July 3rd, 2017 [July 3rd, 2017]
- VMware to surge more than 20 percent because the Amazon cloud ... - CNBC - August 25th, 2017 [August 25th, 2017]
- Google Unveils Custom Hardware Chip for Cloud - Investopedia - August 25th, 2017 [August 25th, 2017]
- Cloud Computing Confirmed for Travers | TDN | Thoroughbred Daily ... - Thoroughbred Daily News - August 25th, 2017 [August 25th, 2017]
- Why 2017 Is The Year To Understand Cloud Computing - Nasdaq - August 25th, 2017 [August 25th, 2017]
- Biz Cloud Computing - Four States Homepage - August 25th, 2017 [August 25th, 2017]