Walgreens – Digital Transformation Strategies
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Walgreens has been focusing on data-led innovation as a part of its digital transformation strategies. The annual ICT spending of Walgreens was estimated at $3.5 billion in 2021. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Walgreens is a retail and wholesale company, focused on health and wellbeing products, it offers pharmacy products including prescription and non-prescription drugs, beauty and toiletries products and allied services through drugstores and online.
The Walgreens 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, investments, ICT spending among others.
Digital Transformation Strategies
Walgreens is leveraging big data to optimize its supply chain business strategy. The company processed billions of rows of sales and inventory data from over 9,000 stores and 20,000 suppliers to achieve the precise use cases that can reduce inventory costs and improve supply chain efficiency. Walgreens used Tableau and Kyvos to transform its supply chain with interactive and instant analysis on two years of historical data instantly and interactively to get deeper insights into their supply chain.
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Walgreens Technology Theme Focus
Walgreens is utilizing number of emerging technologies including big data, cloud, and blockchain to improve operational efficiency and diversify product portfolio.
Walgreens Technology Theme Focus
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Walgreens Technology Initiatives
Walgreens has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the past few years. For instance, Walgreens redesigned its mobile app along with its loyalty program to maintain customer loyalty and attract new customers. The new app features allow users to schedule vaccination appointments, a 24/7 facility for users to chat with pharmacists, and receive real-time alerts on the health scenario in their local surroundings.
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Walgreens ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
Walgreens ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Walgreens ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Walgreens ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Walgreens External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
Walgreens External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Walgreens Digital Transformation Strategies Overview
Total ICT Spending 2021 | $3.5 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 | Big Data, Cloud, and Blockchain |
This report provides:
- Insight into Walgreens’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering 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 Walgreens’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.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Walgreens in 2021?
The annual ICT spending of Walgreens was estimated at $3.5 billion in 2021.
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What are the key ICT spending categories by function for Walgreens?
The key ICT spending categories by function for Walgreens are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for Walgreens?
The key ICT spending categories by channel for Walgreens are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Walgreens?
The key external ICT spending categories by segment for Walgreens are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for Walgreens?
The key technological theme in focus for Walgreens are big data, cloud, and blockchain.
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