Home > Resources > Infographics > Retailers Spend 58% Of Their IT Budget On Legacy System Maintenance

Retailers Spend 58% Of Their IT Budget On Legacy System Maintenance

December 5, 2019

Retailers want to use technology to move forward, but they are often held back by previous investments: the average merchant spends 58% of their IT budget to maintain legacy systems, even as they work to compete with e-Commerce giants, improve their omnichannel capabilities and increase personalization. Security concerns also play a big role: 69% of companies are reluctant to innovate if they can't overcome cybersecurity issues.

Spotlight

Casper

Casper is a global sleep company that launched in 2014 with one perfect mattress sold directly to consumers — eliminating commission-driven, inflated prices. Its critically acclaimed sleep surface was developed in-house, has a sleek design, and is delivered in a small, "how did they do that?"-sized box. The company is one of the fastest growing consumer brands of all time, and its product line has increased to include sheets, pillows, a matching foundation, and a dog mattress. Casper was named one of Fast Company's 50 Most Innovative Companies in the World, and its eponymous mattress was crowned one of TIME Magazine's Best Inventions of 2015.

Other Infographics

Restaurant POS Systems The Latest and Future Trends

Infographic | August 18, 2022

As per a survey, the sales of restaurant POS solutions in the U.S. surpassed US$3.5 billion in 2021, and it isanticipated to reach US$4.7 billion by the 2028-end

People Management Tools Benefitting the Wholesale Industry

Infographic | December 4, 2019

The wholesale industry is an extremely complex field that requires multifaceted HR and payroll functions, unlike those any other industry has to contend with. From complex scheduling and overtime scenarios to management of multiple locations across state and legal entities, on top of managing employee training and transportation logistics. It’s a lot to keep up with, and using multiple solutions can get confusing and time-consuming.

Metaverse – The future of digital banking

Infographic | June 28, 2022

This makes the banking sector the next frontier in the metaverse. With time, customers can visit banks through a virtual reality device, all without stepping out of their homes. Even major financial corporations are making heavy investments given the potential of banking in the metaverse, thus positively influencing digital banking market dynamics.

The Evolution And Future of POS

Infographic | December 25, 2019

Today's retail point-of-sale systems have come a long way from nickel-plated, bell-ringing cash registers, but their evolution is not yet complete. But the future of POS could arrive much sooner than you might guess!

Affiliate is Incremental

Infographic | December 30, 2019

In the largest Affiliate Incrementality Study ever conducted over 21M retail consumers and 5.5M transactions we’ve proven the incremental effect that affiliate has on shopper behavior. Let’s look at two groups of shoppers to demonstrate how affiliate moves the needle.

Automated sales processes
Sales and inventory tracking
Robust card-reading capabilities

More Infographics