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Digital Transformation of Businesses
A selection of documents, articles, papers, videos and other content for those interested in the transformation that is required when going 100% digital in an organization. I also try to highlight the impacts, both positives and negatives of that transformation. Like it? Please click "Recommend"
Curated by Farid Mheir
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Elastic Innovation Index of the World's Most Innovative Companies via @forbes @chiefDigOfficer

Elastic Innovation Index of the World's Most Innovative Companies via @forbes @chiefDigOfficer | Digital Transformation of Businesses | Scoop.it
When we think about innovation we're usually thinking about an output - the shiny new gadget but here's a completely different take on innovation, one that gets to the nub of what companies really need to have in order to thrive and adapt today.
Farid Mheir's insight:

This new index and the methodology that accompanies it can help shed light into ways the your company can better transform to digital.


Let's say you are a retailer in a fairly traditional industry, with a great brand, lots of store locations, well trained employees and fine-tuned distribution logistics. How do you handle the transformation to eCommerce? although not innovative per se (heck opening an online store and selling online is easy if not trivial), you have to innovate in order to transform your existing business to support this new way of selling, without breaking your existing business. Actually you have to improve both and integrate them to be successful. 


Large retailers such as Walmart have had great difficulty to do so, so much that they had to create new innovation units - called labs - to explore and innovate digitally without being bogged down by their existing 466B$ business.


If you are faced with this dilemma then the index may provide you with valuable insight and reference points.

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James Coombes's curator insight, January 14, 1:37 PM

I agree with the argument that elasticity is not just for economic and computing processes. I think this article presents a useful way to approach new technologies, such as cloud computing for example, as a means toward real service innovation instead of just improving existing services or cutting costs.

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Nordstrom Innovation Lab video shows how rapid experimentation should be done #mustwatch

Nordstrom Innovation Lab video shows how rapid experimentation should be done #mustwatch | Digital Transformation of Businesses | Scoop.it

“It’s one thing to talk about ‘rapid experimentation’ and ‘validated learning’ as abstract concepts. It’s quite another to see them in action, in a real-world setting.”

- Eric Ries, Startup Lessons Learned

Farid Mheir's insight:

Absolute must watch for anyone interested in innovation and rapid prototyping. The video shows how the team has developed an ipad app in one week by setting up shop in one of their stores and rapidly iterating over a simple application with real live customer to get instant feedback.


Contrast this with the typical way things are done in organizations and you'll see why setting up "labs" is an essential step of innovation.

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Bettina Ascaino's curator insight, November 30, 2013 2:59 AM

The video shows how the team has developed an ipad app in one week by setting up shop in one of their stores and rapidly iterating over a simple application with real live customer to get instant feedback.

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Engineers are exploring The Future of Design with 3D interaction via @leapmotion

SpaceX is exploring methods for engineers to accelerate their workflow by designing more directly in 3D. We are integrating breakthroughs in sensor and visua...
Farid Mheir's insight:

I have a leap motion device at home (via kickstarter!). It remains a toy on my desk as I have yet to find meaningful applications for the device in the information worker area. 


However this video shows very well how a simple 99$ device can completely transform the design process and product innovation.

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Evolution of the networked enterprise: @McKinsey Global Survey results demonstrates measurable business benefits

Evolution of the networked enterprise: @McKinsey Global Survey results demonstrates measurable business benefits | Digital Transformation of Businesses | Scoop.it

Over a surprisingly brief period, the use of social tools and technologies has grown from limited experimentation at the edge of corporate practice to what’s now the mainstream. But after this strong initial uptake, many companies find themselves at a crossroads: if they want to capture a new wave of benefits, they’ll need to change the ways they manage and organize themselves, according to the results from our sixth annual survey on the business use of these technologies.1 A remarkable 83 percent of respondents say their companies are using at least one social technology, and 65 percent say employees at their companies access at least one tool on a mobile device. Ninety percent of executives whose companies use social technologies report measurable benefits from these tools, and what’s more, a small yet growing number of companies—the most skilled and intensive technology users—are racking up outsize benefits.2

Farid Mheir's insight:

I've been tracking this study for the past 4 years and find it extremely useful because it gives actual measure on the benefits of using social within the enterprise - what was called nterprise2.0 in the early days. 

Although the survey shows some benefits plateau, it doesdemonstrate that  reductions in costs for communication and travel are achieved. In certain cases the savings can be significant. In certain industries, increase in the speed to access information or internal experts can turn into business benefits with measurable value in sales or competitiveness.

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To Innovate, Find What's Hiding in Plain Sight

To Innovate, Find What's Hiding in Plain Sight | Digital Transformation of Businesses | Scoop.it

Systematic approaches can help. 


We need to look beyond what meets the eye and what we are told, for more innovative perspectives both on the problem as well as the solutions born out of detachment to either.

Farid Mheir's insight:

I often find this way of thinking - outside the box yet systematic - very useful in looking for digital flip opportunities.

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Guidance on how to build an innovation capability within your organization via @dhinchcliffe ZDNet

Guidance on how to build an innovation capability within your organization via @dhinchcliffe ZDNet | Digital Transformation of Businesses | Scoop.it
Useful innovation is one of the most meaningful outputs of human creativity. Today, technological aids are increasingly employed to improve and amplify the innovation process.
Farid Mheir's insight:

Digital transformation often comes in the form of innovation, which clashes with internal processes and the people that run them. It is my experience that innovation is a difficult thing to do in most organizations, which often turn to the creation of external groups called "labs" that are tasked with innovation without the constraints of the corporation that has spawned them. Companies like Walmart, Target and Nordstrom (see below) have done it.


This post from Hinchcliffe provides interesting insight into how to build an open innovation capability within your organization.


Also read:

  • Nordstrom Innovation Lab video shows how rapid experimentation should be done #mustwatch http://sco.lt/9KCibx
  • Walmart Labs’ Subscription Snack Service Goodies.co Will Shut Down via @TechCrunch http://sco.lt/7D4jjN
  • Retailers open "labs" to safely pilot their digital transformation via @mercuryNews http://sco.lt/7MY493 
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Chart: U.S. Newsroom Employment Down to 30-Year Low | Statista

Chart: U.S. Newsroom Employment Down to 30-Year Low | Statista | Digital Transformation of Businesses | Scoop.it
As the U.S. newspaper crisis continues, the level of newsroom employment has reached a 30-year low.
Farid Mheir's insight:

Another data point in favor of recent MIT study that claims as much as 50% of US jobs will disappear in the next 20 years due to computerization. Also goes well with the digital cliff that has happened in certain industries, news print and media for example as this chart demonstrates. My advice: retrain, retrain, retrain.


Half of US jobs are vulnerable to computerization- How Technology Is Destroying Jobs via @MIT http://sco.lt/8dBxlR

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@McKinsey demonstrates increase in speed and reduction in costs benefits for networked enterprises

@McKinsey demonstrates increase in speed and reduction in costs benefits for networked enterprises | Digital Transformation of Businesses | Scoop.it
Executives report that the adoption of social-media tools at their companies is high—and that this usage could spur additional benefits. A McKinsey & Company article.
Farid Mheir's insight:

I'Ve published this before but this time I wanted to draw attention to the measurable business benefits that companies draw from using social and other digital solutions. 

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Glass Collective provide VC funding innovation to find the Google Glass "killer app"?

Google Ventures, Andreessen Horowitz, and Kleiner Perkins Caufield & Byers have teamed up to form the Glass Collective. 

We’re excited by the promise of the Glass platform. Developers are already dreaming up new experiences for Glass, and we want to help bring those ideas to life.

The Glass Collective investment syndicate will provide financing and support to entrepreneurs shaping the future through Glass.

Farid Mheir's insight:

I agree glass has tremendous potential. But after listening to the 1hr SXSW Google glass video demo I find there is even more of a need for such a fund. Developing apps and devices for this is not going to be easy. It will require focus and expertise to make it a superior non intruisive experience.


But lying in its wake are potentials to digitize, optimize or even flip certain business processes as I've stated in earlier posts. Think for example what impact on sales a salesforce.com on glass could be, able to do facial recognition and then match with tons of web data to provide sales teams with tools that could make them more powerful. They could even bring up a video feed into their office, and have sales engineers or even the COO give special instructions live during a sales meeting. It could litterally transform the sales process. But it will take a lot of effort to find and deliver this "glass killer app".

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