Cost of Ransomware for Businesses in 2025 and How to Avoid It - Retail Assist
Discover the true cost of ransomware in 2025 and how to protect your business with smarter, proactive IT security strategies.| Retail Assist
When systems don’t talk to each other, your teams end up doing the translation. Whether it’s tracking orders across platforms, reconciling reports or manually copying data between systems, the hidden cost of running disconnected systems adds up fast. According to industry research, businesses using multiple disconnected systems can spend up to 30% more on IT operations. But the cost goes beyond just IT. Siloed systems lead to missed sales, hidden stock issues and slower decision-making; q...| Retail Assist
Cloud adoption continues to rise across every industry, but not all migrations deliver on their promise. According to McKinsey and Co, cloud migration missteps are expected to cost businesses over £75 billion globally across a three-year period. In addition to this, more than 60% of cloud migration projects end up costing more than expected, with many failing to deliver performance or flexibility gains. The most common reason? A lift-and-shift approach. Moving existing systems into the cloud...| Retail Assist
The enterprise resource planning (ERP) market is projected to reach £72 billion by 2032, with cloud-first strategies and AI adoption driving much of that growth. Today, 70% of CIOs cite AI and predictive analytics as top priorities in their ERP roadmap, and around 83% of ERP projects now include AI capabilities. In retail, this shift is especially critical because AI-enabled ERP systems are helping mid-sized UK retailers forecast more accurately, adapt faster and operate more efficiently. As...| Retail Assist
Cloud migration is a major milestone for any business, but it’s not the finish line. According to Gartner, more than 80% of organisations that move to the cloud will overspend on their post-migration environment by the end of 2025, due to poor optimisation and planning. The problem isn’t the move itself; it’s what happens after. Many businesses spend months preparing their cloud strategy, only to hit new roadblocks once systems are live. From cost sprawl to performance issues, post-migr...| Retail Assist
Discover the true cost of ransomware in 2025 and how to protect your business with smarter, proactive IT security strategies.| Retail Assist
Forecasting remains one of retail’s biggest challenges, and the price of getting it wrong is steep. According to McKinsey, demand forecasts are off by an average of 30%. That means, for a retailer buying £10 million worth of stock, that could mean £3 million in over- or under-ordered inventory. Planning the right product range isn’t just about knowing what sold last year. This retail planning gap reflects more than just forecasting errors; it’s about anticipating demand, accounting fo...| Retail Assist
One in four UK businesses experienced a ransomware attack last year, with 32% reporting that outdated or unpatched systems were responsible for the breach. While many organisations are increasing their IT budgets, there’s still a growing need for better visibility and more proactive planning to stay ahead of emerging risks. A structured IT health check gives you that visibility. It helps uncover vulnerabilities, improve system performance and ensure your technology is aligned with your busi...| Retail Assist
For growing businesses, spreadsheets often start as the go-to solution for managing inventory, sales and finances. But as your operations grow in scale and complexity, they can quickly become more of a hindrance than a help. In fact, Forbes research shows that 88% of spreadsheets contain errors, and for retailers managing hundreds of SKUs across multiple stores, even a single mistake can snowball into costly operational issues. So how do you know when it’s time to move on? Here are five sig...| Retail Assist
According to a 2025 IT Trends report, 44% of IT teams are now spending more time managing employee devices and access issues than ever before. Meanwhile, Gartner estimates that over 40% of enterprise systems are now beyond end of life or support, contributing to rising inefficiencies, increased security risks and IT frustration. In retail and hospitality, where speed and service are everything, outdated or poorly managed end-user computing setups can quietly but consistently drag down perform...| Retail Assist
Cyber attacks are a significant threat to businesses in the UK, with 50% of UK businesses reporting a cyber attack in 2024. In fact, 81% of these businesses hit by cyberattacks are small to mid-sized, with the average cost reaching £10,830. Yet, just 19% have a cyber incident response plan in place, as recommended by the UK’s National Cyber Security Centre (NCSC). As more small and medium-sized businesses (SMBs) rely on cloud technology to run critical business functions, having a cloud-...| Retail Assist
Explore insights from Retail Assist team members with over a decade of dedication as we celebrate our 25th anniversary.| Retail Assist
