Tesco Plc – Digital Transformation Strategies
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Tesco Digital Transformation Strategies Report Overview
Tesco Plc. (Tesco) is using big data, artificial intelligence, and the cloud among other disruptive technologies to digitally transform its operations. The annual ICT spending of Tesco was estimated at $1.9 billion for 2023. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Tesco is a worldwide retailer of general merchandise. The company carries out business through both offline and online channels. It operates stores in multiple formats differentiated by size and range of products sold, including large, small, dotcom only, and one-stop. Tesco offers a wide array of food and non-food products, including fresh food, bakery, frozen food, grocery, toys and games, home and entertainment products, consumer electronics and electrical goods, drinks, baby products, garden, clothing, household appliances, pets, and health and beauty products.
|Total ICT Spending 2023
|ICT Spend by Function
|Data center, Communications, Network, Application, End-User computing, Management, and Service Desk
|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
|Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
|Technology Theme Focus
|artificial intelligence, robotics, big data,
The Tesco 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. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, and ICT spending among others.
Digital Transformation Strategies
Tesco has always been proactive in capturing data, be it consumer, product, operational, or market to derive valuable insights from it and use the same to improve its operations, tap new opportunities, provide better services, achieve greater customer satisfaction, and most importantly, make better decisions.
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Tesco Technology Theme Focus
Tesco is tapping the power of digitalization, cloud, alternative reality, artificial intelligence, big data, robotics, digital media, mobile & mobile payments, social media, frictionless shopping, cybersecurity, batteries, big data, connectivity, and IoT technologies for enhancing its operational efficiency and driving customer engagement.
Tesco Technology Focus
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Tesco Technology Initiatives
Tesco has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, and technology investments over the past few years.
For instance, in 2021, Tesco Partnered with Teradata, a leading cloud-based analytics provider to use the latter’s multi-cloud data platform called Vantage for enterprise analytics. Teradata also simplifies ecosystems by unifying analytics, data lakes, and data warehouses.
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Tesco ICT Spend by Function
- End-user computing
- ICT Service desk
Tesco ICT Spend by Function, 2023 (%)
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Tesco ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Tesco ICT Spend by Channel, 2023 (%)
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Tesco ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
Tesco ICT Spend by Segment, 2023 (%)
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This report provides:
- Insight into Tesco’s technology activities.
- Insights of its innovation programs.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Tesco’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 partnerships and investments.
Table of Contents
- – Brief information about the company, its business divisions, and its financials
- Digital Transformation Strategy
- – A summary of key digital strategies/implementation efforts of the company
- Accelerators, Incubators, and Other Innovation Programs
- – Discusses the company’s key strategic units, innovation labs, incubation, and accelerator programs dedicated to technology innovation
- Technology Focus
- – Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company
- Technology Initiatives
- – Discussion about all the technology introductions & partnerships the company has entered
- Venture Arm: dunnhumby Ventures (DV) – A Subsidiary Venture Arm
- – Brief information about the Company’s Ventures and its key decision-makers
- – Brief discussion about the investments made by the company to acquire new technologies
- Partnership and Investment Network Map
- – A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years
- ICT Budget and Contracts
- – The company’s ICT budget segregated into hardware, software, and managed IT services
- Key Executives
- – Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers
Frequently asked questions
What was the total ICT spending of Tesco in 2023?
The annual ICT spending of Tesco was estimated at $1.9 billion in 2023.
Which is the leading ICT spending category by function for Tesco?
Network is the leading ICT spending category by function for Tesco in 2023.
Which is the leading ICT spending category by channel for Tesco?
Internal development and maintenance is the leading ICT spending category by channel for Tesco in 2023.
Which is the leading ICT spending category by segment for Tesco?
Software (including cloud SaaS) is the leading ICT spending category by segment for Tesco in 2023.
What are the key technology themes in focus for Tesco?
The key technological themes in focus for Tesco are digitalization, cloud, alternative reality, artificial intelligence, robotics, digital media, mobile & mobile payments, social media, frictionless shopping, cybersecurity, batteries, big data, connectivity, and IoT technologies.
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