[January 29, 2015]

Research and Markets: Hidden Treasure - The CMO's Budget in Retail

Research and Markets (http://www.researchandmarkets.com/research/ztn74q/hidden_treasure) has announced the addition of the "Hidden Treasure - The CMO's Budget in Retail" report to their offering.

The structure of IT within the Retail enterprise has been undergoing a significant transformation over the past several years. No longer does the CIO have complete command and control over all things IT within the organization. Instead, other C-level employees are willing to commit budgets to get the IT they need to be agile and advance their agendas. The greatest portion of this budget comes from the CMO.

This study quantifies that impact, shows the specific solution areas that must be marketed to the CMO and recommends tactics and go-to-market strategies for vendors to consider if they have a solution targets towards the CMO. Finally we discuss the security ramifications if the relationship between the CMO and the IT department is not solid.

This is a must read report for venors who sell any solutions in merchandising, order management, analytics and mobile from the store to online commerce. There is extra budget to go after if you know where to look and how to approach.

There has been a great deal of talk about the impact of the CMO and other business unit heads on the spending on IT technology. To this point, however, no one has tried to quantify how much that impact is in retail and hospitality. Until now. This study gets down to the nitty gritty details on the impact that the CMO is having, how big that is, and specifically what types of systems are involved.

The original hypothesis was that this influence was limited to a few solution areas within the firm. And while there are clearly pockets that are greater than others, we were surprised to learn from CIO's that the reach of the CMO for IT spend goes into far more traditional operational areas than we originally expected.

Overall the CMO has added an additional $7.5 Billion in IT spending this year over just the CIO budget, an amount that approaches the total spend each year for core POS solutions. This increased spend and access brings along a number of security risks and is sometimes hidden from the CIO. It is not the ideal way to operate, but it is happening.

This research looks at the changes in the balance of power within organizations, the changing role of the CIO, the solutions most impacted, the size of that impact, and potential pitfalls along the way for retailers.

Then for vendors, we highlight the different ways in which they need to approach retailers based on the types of solutions. The CIO and CMO have different motivations and budget realities to work with. The prudent vendor will understand this and plan their sales activity accordingly.

Key Topics Covered:

1.0 Budget for Retail 2018

2.0 Next Generation Retail - The Numbers

3.0 Keeping Track of IT All

4.0 Operations and Security

5.0 Problems To Watch Out For

6.0 Best Practices

For more information visit http://www.researchandmarkets.com/research/ztn74q/hidden_treasure

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