The answer to these challenges lies in shifting multiple, local security monitoring systems to an integrated, cloud-based video management system (VMS). A cloud-based, open VMS allows retailers to centrally monitor the store security, thereby standardizing security systems and protocols across their stores and providing a uniform customer experience.
Here are some key factors that retail organizations need to consider while adopting a cloud-based VMS solution.
As on-premise infrastructure can chalk up additional operational costs for server maintenance and software upgrades, a cloud-based VMS does away with the need for maintaining and updating on-premise infrastructure and software.
Moving physical infrastructure to the cloud will help retailers optimize that extra space to enhance profitability.
Retailers should go for a solution that serves them in the long run. With COVID-19 bringing in new challenges, store owners must prepare to implement and manage social-distancing norms such as allowing a safe number of visitors inside the store at a time and providing proper space movement.
The sudden sweep of COVID-19 took most retailers by surprise, exposing massive weaknesses in their infrastructure and abilities to quickly adapt and scale to demands. As the pandemic has affected in-store footfall, cost-saving on infrastructure, clearing up more space for free movement of shoppers, having a centralized security control can help retailers focus on profit maximization.
As per a Retail Holiday Reality Report 2020 by Google Cloud, 53% of retail executives in India feel that their company is accelerating cloud adoption to ensure business continuity in response to COVID-19. Further, retail businesses in India have taken steps to prepare for any unexpected changes and 73 per cent of the surveyed have increased the use of technology for logistics planning as well. Gartner in a recent virtual symposium, also stated that the onset of the COVID-19 pandemic was the starting point of the Cloud 2.0 era.
As digitalization efforts further evolve in the country, we can expect that cloud will become a must have technology for Indian enterprises.
Article originally published on Express Computer. It has also appeared in DQ Channels, APN News, Smart State India, and BusinessNewsThisWeek.