Buying IT for Retail in China will almost double in 5 years
Spurred by a strong growth in overall retail revenue a need to modernize, Chinese retailers represent a strong growth market for IT service providers according to IDC.
In 2006, Chinese retailers spent US $551 million for IT services, while in 2011, they are projected to spend over US $1 billion. It seems China is on a high growth curve about how IT can improve their business operations. According to the study, the biggest drivers for growth are in Business Intelligence, CRM and SCM. To read more click here.
Retailers in China are obviously gearing up for more growth in the retail sector and see the opportunities associated with better operational management through IT. It seems they come out positive on the immediate return on their IT investment vs. what they have and the probable lessons learned coming out of the U.S. It would seem to make sense that if they were to engage a systems integrator, they would do it with a U.S. or European based provider where they could benefit from the collective experience. Large scale IT projects can change careers in a good and bad way.
