Moet Hennessy Louis Vuitton SE (LVMH) – Digital Transformation Strategies
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LVMH Digital Transformation Strategies Report Overview
LVMH uses cloud-based AI technologies as a part of its digital transformation strategies. The annual ICT spending of LVMH was estimated at $1.9 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods. The company’s product portfolio comprises clothing, fashion and leather goods, wines and spirits, perfumes and cosmetics, jewelry, and watches. It also offers cruise services and runs select retail businesses under the DFS, La Grande Epicerie de Paris, Sephora, and Le Bon Marche Rive Gauche banners.
Total ICT Spending 2022 | $1.9 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Cloud, and IoT |
The LVMH Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investment, ICT spending among others.
Digital Transformation Strategies
LVMH announced that it will use Google Cloud’s suite of Artificial Intelligence (AI) technologies and cloud computing services to help its individual brands improve demand forecasting and optimize inventory management. The company stated that the AI technologies will be implemented across global supply chain and logistics operations; partner, employee, and customer interfaces; and product development to better understand customers’ previous interactions and current needs and offer superior, personalized customer services. The company has also announced that it will use Google Cloud to modernize its IT infrastructure.
To gain more insights on digital transformation strategies and initiatives of LVMH, download a free report sample
LVMH Technology Theme Focus
LVMH is utilizing number of emerging technologies including artificial intelligence, big data, cloud, and IoT to enhance operational efficiency and product offerings.
LVMH Technology Focus
To know about other technology themes under focus for the company, download a free report sample
LVMH Technology Initiatives
LVMH has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, LVMH’s Patou introduced AI-powered authentication in collaboration with Ordre, to add new capabilities in determining fakes using AI’s capabilities. Named as Authentique Verify, the solution provides unique digital IDs of physical luxury products using a smartphone, which allows consumers to simply scan the area of digital IDs with their phone to verify whether the product is original. Authentique’s digital IDs also offer extensive product specifications and sustainability information, warranty information as well as styling videos.
For more insights on other technology initiatives of LVMH, download a free report sample
LVMH ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
LVMH ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
LVMH ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
LVMH ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
LVMH External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
LVMH External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into LVMH’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into LVMH’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, and investments.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of LVMH in 2022?
The annual ICT spending of LVMH was estimated at $1.9 billion in 2022.
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Which was the leading ICT spending category by function for LVMH?
Data center was the leading ICT spending category by function for LVMH in 2022.
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Which was the leading ICT spending category by channel for LVMH?
Internal development and maintenance was the leading ICT spending category by channel for LVMH in 2022.
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Which was the leading ICT spending category by segment for LVMH?
Software (including cloud SaaS) was the leading ICT spending category by segment for LVMH in 2022.
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What are the key technology themes in focus for LVMH?
The key technological theme in focus for LVMH are artificial intelligence, big data, blockchain, cloud, and IoT.
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