In recent years, cloud computing has become a critical component of the retail sector, driving innovation and enhancing customer experiences. However, the shift to the cloud also introduces significant security challenges, particularly in safeguarding customer data and adhering to Payment Card Industry Data Security Standard (PCI DSS) compliance. This article delves into the security innovations that retailers are leveraging to mitigate these risks and ensure robust protection of sensitive information.
The Role of Cloud Computing in Retail
Cloud computing has revolutionized retail operations by enabling scalability, flexibility, and real-time data analysis. The retail cloud market is projected to grow at a compound annual growth rate of 16.3% from 2021 to 2026, reaching $51.39 billion. The surge in online shopping fuels this growth, the necessity for scalable IT infrastructure, and the demand for instant data insights. A survey revealed that 72% of retail executives consider cloud computing vital for business growth.
The COVID-19 pandemic has accelerated the shift to …