Ocado Technology delivers smart, secure online grocery shopping.

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How Ocado Technology delivers smart, secure online grocery shopping with Security Command Center

Grocery shopping has changed for good and Ocado Group has played a major role in this transformation. We started as an online supermarket, applying technology and automation to revolutionise the online grocery space. Today, after two decades of innovation, Ocado team are a global technology company providing state-of-the-art software, robotics, and AI solutions for online grocery. Ocado team created the Ocado Smart Platform, which powers the online operations of some of the world’s most forward-thinking grocery retailers, from Kroger in the U.S. to Coles in Australia.

With the global penetration of the Ocado Smart Platform and the increasing complexity of our operations, Ocado team paying close attention to our security estate. To proactively identify and tackle any security vulnerabilities, we decided to introduce Google Cloud’s Security Command Center (SCC) Premium as our centralized vulnerability and threat reporting service.

Gaining consolidated visibility into Ocado’s cloud assets

From the start, we were impressed with the speed of deployment and security findings surfaced with SCC. Where it would take several weeks in the past with other software vendors, we were able to quickly set up SCC in our environment and we could immediately start identifying our most vulnerable assets.

Today, we use SCC to detect misconfigurations and vulnerabilities across hundreds of projects throughout our organization and we use it to get an aggregated view of our security health findings. We filter the findings and then use Pub/Sub or Cloud Functions to send alerts directly to the tools each division is working with, such as Splunk or JIRA. This way, each of our teams can discover and respond to the security findings in their own environment, with SCC acting as the single source of truth for our security-related issues.

Can Ocado deliver reassurance as it releases interims?

Numis says it is retaining a positive stance on Ocado ahead of Tuesday’s interim results.

Online grocer Ocado Group Plc (LON:OCDO) is among the few marks in the diary for Tuesday, the third trading day since the Brexit vote.

Pressure from Amazon’s entry to grocery delivery and concerns about the group’s market valuation are among the issues that have weighed on the share, but, the interims are due to follow up positive financials from the first quarter.

In the first quarter sales climbed around 14%, and the group reported a £7mln profit.

“Progress was driven by growing order numbers, with the average order size continuing to decline as the effect of food price deflation plays through,” said Numis analyst Andrew Wade.

“Elsewhere, and as expected, there was no news at that time on other developments, including the Morrisons agreement (new terms agreed in principle), Andover (opening ‘shortly’), and any international deals.

“Since then, we have seen a number of important developments, including what looks like the first deliveries from the new Andover CFC following the closure of the Marchwood spoke on June 14th, and the launch of Amazon Fresh – our extensive price comparison showed Amazon Fresh averages 8% cheaper per item than Ocado, but 3% more expensive per item when shopping promotions.”

Wade added: “We continue to believe that central fulfilment is the best model (efficiency, customer-benefits, operationally) and that Ocado has the leading global solution; while the lack of deal announcement and broader investor concerns around competition have weighed on the shares, we retain our positive stance.”

Numis rates Ocado as a ‘buy’ with a 500p price target, suggesting some 140% upside to the current price of 207.5p.

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