WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
Going digital in your business? I select the best posts and highlight the reasons why it matters. Like it? Click "recommend" + register to get the digest in your inbox: http://fmcs.digital/newsletter-signup/
Curated by Farid Mheir
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#IOT Canada industrial cluster provides free training and courses on the technology and its potential

The Cluster (or Industrial Cluster) "IoT Canada" is a non-profit organization dedicated to supporting the growth, competitiveness and influence of its members, locally and internationally.

Farid Mheir's insight:

WHY IT MATTERS: Internet of Things has the potential to impact all industries, most importantly retail and manufacturing.

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9 Real-Life Scenarios That Show How The Internet Of Things Could Transform Our Lives @BusinessInsider #IOT

9 Real-Life Scenarios That Show How The Internet Of Things Could Transform Our Lives @BusinessInsider #IOT | WHY IT MATTERS: Digital Transformation | Scoop.it

No, your fridge doesn't need a twitter account.

Farid Mheir's insight:

WHY IT MATTERS: when things are always connected to the Internet, our lives change. Here are 9 scenarios where IOT will provide benefits.

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The Internet of Things may transform our lives or even spell the end of Capitalism. In any case it requires a new business mindset - Ecosystem Thinking #IOT

The Internet of Things may transform our lives or even spell the end of Capitalism. In any case it requires a new business mindset - Ecosystem Thinking #IOT | WHY IT MATTERS: Digital Transformation | Scoop.it

The notion of value creation and capture is a core component of business and the models that drive it. While historically viewed with a traditional product mindset, several emerging forces will alter this basic tenet of business.

Farid Mheir's insight:

WHY IT MATTERS: always good to remind ourselves that IOT means more than connecting devices to the Internet: it opens up and new way of thinking where everything we use is part of a digital ecosystem.

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Gartner's Hype Cycle for Emerging Technologies should guide your next #strategicPlan priorities

Gartner's Hype Cycle for Emerging Technologies should guide your next #strategicPlan priorities | WHY IT MATTERS: Digital Transformation | Scoop.it

The Hype Cycle for Emerging Technologies provides insights gained from evaluating more than 2,000 technologies. The eight added in 2017 include 5G, Artificial General Intelligence, Deep Learning, Deep Reinforcement Learning, Digital Twin, Edge Computing, Serverless PaaS and Cognitive Computing.

Farid Mheir's insight:

WHY THIS MATTERS

I find most of my clients struggling to find time and money to implement technologies that have been around for more than 10 years: Internet, Big Data, mobility, cloud computing, etc. When they do make it to implement them in their organizations, it is often too little too late to make a difference with their competition. As Wayne Gretsky famously said, you should "skate to where the puck will be, not where it is". Thus, every company's strategy should have a clear view on AI, blockchain, robots, 3D printing, Internet of Things, etc. Does your strat plan include them?

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Top #Technologies for #Digital #Disruption hints that CIOs should act more like #VentureCapitalists

Top #Technologies for #Digital #Disruption hints that CIOs should act more like #VentureCapitalists | WHY IT MATTERS: Digital Transformation | Scoop.it

Forrester says that CIOs must act as VCs and recommends they support early-stage tech companies and have their own technology scouts. As CIO Angela Yochem told me in 2015, she has set up a process to find “capabilities that are not yet commercially available” and “quickly absorb, test, and utilize emerging technologies, and discard them if they are not appropriate and don’t give us a leg up on our competition.”

Farid Mheir's insight:

WHY IT MATTERS

Forrester has recently produced a matrix of disruptive technologies that is worth sharing. More important is the article conclusion where Forrester recommends that cIO act as Venture Capitalists to actively scout new technologies and companies to leverage this innovation for improved competitiveness. This is a radical departure form traditional IT roles and responsibilities which I believe has important benefits in large organizations where All eyes are on the CIO to lead the digital transformation. Unfortunately we are a long way away from this in most organizations.

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The IoT’s potential to forge connections (infographic)

The IoT’s potential to forge connections (infographic) | WHY IT MATTERS: Digital Transformation | Scoop.it
Devices that share their data are set to change the foundation of intelligience, and therefore, industries.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

There really seems to be a perfect storm brewing in the back office of most organizations with IOT + AI + big data + blockchain + AR-VR. Watch out for major disruptions in the coming years with new players that will leverage tech to make back office more efficient.

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Your #heart can be #hacked: FDA recalls half-a-million pacemakers over hacking fears

Your #heart can be #hacked: FDA recalls half-a-million pacemakers over hacking fears | WHY IT MATTERS: Digital Transformation | Scoop.it

Turns out former Vice President (and erratic shooter) Dick Cheney was right all along: Your heart can be hacked. At least if you have a pacemaker, that is. On Tuesday, the FDA recalled 465,000 of the medical devices -- the ones that help control your heart beat -- citing security vulnerabilities. The pacemakers, which come from health company Abbott (formerly St. Jude Medical), require a firmware update. Fortunately, it can be installed by a health care provider in just three minutes.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Was just a question of time before it happened. Everything is connected and the trend is clear that nothing will escape the insertion of software into all kinds of devices. You have to know which ones are safe and which ones are not.

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Know Your Industries: 70+ Market Maps Covering Fintech, CPG, Auto Tech, Healthcare, And More

Know Your Industries: 70+ Market Maps Covering Fintech, CPG, Auto Tech, Healthcare, And More | WHY IT MATTERS: Digital Transformation | Scoop.it
Here's a collection of all 71 CB Insights market maps and unbundling/disrupting graphics.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Digital transformation often comes from startup innovations. So maps like those are very good to know where opportunities to improve lie.

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10 innovations that could disrupt grocery in 2017

10 innovations that could disrupt grocery in 2017 | WHY IT MATTERS: Digital Transformation | Scoop.it

The Internet of Things, artificial intelligence, droid delivery systems, mobile wallets and in-store gardens should be on every grocer’s radar in the year ahead.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

WE always think of grocery as non technical and very hands-on, touchy-feely. This is becoming less and less so, a testament of the profound impact that digital technologies are having in our society at large.

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THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world | WHY IT MATTERS: Digital Transformation | Scoop.it

The Internet of Things moves mainstream and continues to see rapid growth and development. The report lists

  • What is the Internet of Things? Definition, Industries and Companies
  • IoT Ecosystem - Forecasts and Business Opportunities
  • IoT Market Size, Share & Growth Forecasts
  • IoT Trends, Growth & Predictions
  • IoT Devices, Applications & Examples
  • Top IoT Companies to Watch & Invest In
  • IoT Wearable Devices & Technology
  • How IoT Will Affect Security
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Looks like we soon will have Internet in every device we own. That's the Internet of Things. This reports provides a good overview of the market, the trends but also the possible uses for these devices. Must have in every business digital strategy.

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Trends in B2B Ecommerce: Browserless Commerce - Gorilla Group

Trends in B2B Ecommerce: Browserless Commerce - Gorilla Group | WHY IT MATTERS: Digital Transformation | Scoop.it
As B2B ecommerce matures and evolves, we’re beginning to see businesses transition beyond traditional commerce channels (online and offline). One area where we’ll see rapid innovation is in “browserless” commerce, which is quite simply removing the traditional browser interface from a range of purchasing / service scenarios.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

It is true that Internet permeates every single fiber of the digital strategies and we often forget to think outside the box. In this case, how can we perform eCommerce transactions without the use of a browser? AI, internet of things, chatbots are great ways to explore the opportunities.

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hurtfulremnant's comment, April 5, 2017 5:08 AM
Thats superior...
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5 Cities That Are Setting Trends in Smart City Development

5 Cities That Are Setting Trends in Smart City Development | WHY IT MATTERS: Digital Transformation | Scoop.it

"Trends in Smart City Development" is a new report from the National League of Cities featuring case studies about how five cities – Philadelphia, San Francisco, Chicago, Charlotte, N.C., and New Delhi, India – are using different approaches to implement smart city projects.
The report also provides recommendations to help local governments consider and plan smart city projects.
A "smart city" is one that has developed technological infrastructure that enables it to collect, aggregate, and analyze real-time data to improve the lives of its residents. The report suggests that any smart city effort should include explicit policy recommendations regarding smart infrastructure and data, a functioning administrative component, and some form of community engagement.
You can read the full report here. (PDF)

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Cities will contribute an enormous amount of data to help improve travel, work and life in general.

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lazaretrichard's comment, April 7, 2017 3:47 AM
wow
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New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes 

New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes  | WHY IT MATTERS: Digital Transformation | Scoop.it
  • 70% of retail decision makers globally are ready to adopt the Internet of Things to improve customer experiences.
  • 73% of retailers rate managing big data as important or business-critical to their operations.
  • 78% of retailers say it is important or business-critical to integrate e-commerce and in-store experiences, so an omnichannel experience is delivered to every customer.
  • 87% of retailers will deploy mobile point-of-sale (MPOS) devices by 2021, enabling them to scan and accept credit or debit payments anywhere in the store.
  • 90% of retailers will implement buy online, pickup in store by 2021.

 

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Based on a detailed report, this article provides a chockful of stats about investments in certain technologies. Although based on a survey, it confirms certain trends that are widely accepted - so there should be no surprises for readers of this blog.

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GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world 

GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world  | WHY IT MATTERS: Digital Transformation | Scoop.it
The concept of the digital twin contains a trap. When we think of a twin, we think of a copy of an individual. In the digital world, we often think of a copy of an individual device – a physical replica of conveyor belt or radar. The trap is that we limit the scope of twindom and think too small.
Farid Mheir's insight:

This concept of digital twins in the manufacturing world should not be confused with the concept of human digital twins.

http://fmcs.digital/blog/digital-twin/

Here, GE is mirroring digitally everything that a machine is doing, and Sight Machine is pushing the concept forward by mirroring entire manufacturing floors.

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Facebook can predict when you fall in love and when your relationship starts #scary #bigData @TheAtlantic 

Facebook can predict when you fall in love and when your relationship starts #scary #bigData @TheAtlantic  | WHY IT MATTERS: Digital Transformation | Scoop.it
“During the 100 days before the relationship starts, we observe a slow but steady increase in the number of timeline posts shared between the future couple.”
Farid Mheir's insight:

WHY THIS IS IMPORTANT

We are just starting to scratch the surface of what we can learn when we analyze the personal data from social media. When everything is connected with Internet of things products and when we measure everything we do using wearables and quantified-self technologies, the insights will be even greater. Companies should prepare to analyze this massive data rush and us all should start to think about our information privacy more carefully...

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#RFID chips are being inserted into products but should they also be inserted in people? via @forbes @competia

#RFID chips are being inserted into products but should they also be inserted in people? via @forbes @competia | WHY IT MATTERS: Digital Transformation | Scoop.it

The practical appeal of an RFID implant, in theory, is quick authentication that’s faster, cheaper and more reliable than other biometrics like thumbprints or facial scans. When the chip is hit with a radio frequency signal, it emits a unique identifier number that functions like a long, unguessable password. Implantees like Andrew imagine the ability to unclutter their pockets of keys and keycards and instead access their cars, computers, and homes with with a mere wave of the hand.

Farid Mheir's insight:

Recent announcements of fully automated, no cash register no lineups Amazon stores, have made the use of RFID chips and other digital identification techniques the topic of discussion again.

 

WHY THIS IS IMPORTANT

Digital transformation requires bridging the physical world with the digital one. One of the simplest way to do so is to attached radio frequency beacons (RFID chips) to products so that you can detect their presence and make inventory management and checkout faster, easier and more accurate. Pushing this idea forward of course means that humans too should be tagged to help identify them in the digital world. Not only does this open a see of useful application - unlocking doors without a key, tracking location inside a building, removing the need for password - it also raises concerns about privacy and identity management. Fun times ahead!

 

Amazon GO: http://fmcs.digital/blog/amazon-go-no-registers-no-cash-no-lines-retail-store-digital-transformation-huge-leap-forward/

Retail location tagging: http://sco.lt/6yVDqz 

Décathlon connected products and self checkout: http://www.force-ouvriere.fr/chez-decathlon-85-des-produits-sont-connectes?lang=fr 

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Digital #Disruption in #Telecos is still to come- discussion may apply to many other industries @DirkRohweder

Digital #Disruption in #Telecos is still to come- discussion may apply to many other industries @DirkRohweder | WHY IT MATTERS: Digital Transformation | Scoop.it

I recently had the pleasure to meet Pilgrim Beart now the CEO of devicepilot at a TM Forum workshop about the Internet of Everything (IoE) business models and monetization. He shared his story about alert.me an early connected home start up founded in 2006 that was sold in 2015 to British Gas for 100 million €.

He said that they were in intensive discussion with three industries: utilities, retail (DIY chains) and Telcos, as he felt for all three of them there was a huge potential to build a platform on top of their core business. Despite trialing and piloting with all three industries only the efforts with Telcos never led to any real-life implementations.

Farid Mheir's insight:

A very interesting article on the changes that could happen in the telecom industry with the evolution towards Internet of Things and 5G technologies.

 

WHY THIS IS IMPORTANT

The paper highlights many important questions and decisions that players in the telecommunication industry must answer. I argue that similar questions must also be had in other industries, such as in Retail for example. 

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Arduino unleashes a serious #InternetofThings #IoT system for hardware hackers- Mindstorms on steroids? via @Wuxia

Arduino unleashes a serious #InternetofThings #IoT system for hardware hackers- Mindstorms on steroids? via @Wuxia | WHY IT MATTERS: Digital Transformation | Scoop.it

Now anyone can make cool hardware and, thanks to Arduino, it is easier than ever to connect your devices to the Internet and take in data from the outside world. The ESLOV IoT Invention Kit is an official Arduino product that adds Internet of Things capabilities to your hardware products. Trying to build a connected fridge to beat Samsung? Go for it with the ESLOV. Want to knock Sony off its perch? Try popping an ESLOV unit onto your Arduino board and take on major manufacturers from your living room.

Farid Mheir's insight:

Describes a new set of hardware components to build IoT solutions.

 

WHY THIS IS IMPORTANT

It is with hardware devices like these that the penetration of digital in our daily lives will grow. In recent years, we've seen Arduino, Raspberry Pi and other hardware toolkits that simplify the prototyping and innovation to move the web, sensors, cameras, and other digital devices that bridge the real world with virtual one.

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#IoT Internet of Things Trends, Forecasts & Market Estimates

#IoT Internet of Things Trends, Forecasts & Market Estimates | WHY IT MATTERS: Digital Transformation | Scoop.it
Cisco predicts the global IoT market will be $14.4T by 2022. IC Insights predicts revenue from Industrial Internet IoT spending will increase from $6.4B in 2012 to $12.4B in 2015. IoT in manufacturing market size is estimated to grow from $4.11B in 2015 to $13.49B by 2020, attaining a CAGR of 26.9%. With the potential …
Farid Mheir's insight:

A review of trends, forecasts, market estimates and other predictions regarding Internet of Things.

 

WHY THIS IS IMPORTANT

IOT has th potential to impact all industries, from consumer products to manufacturing processes to healthcare and treatment. Its technology and platforms should thus be included in all digital transformation plans from this point forward. Moreover, this represents a growing niche for new companies and consulting firms.

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The Internet of Everything: a review of trends, stats and forecast on #IoT

The Internet of Everything: a review of trends, stats and forecast on #IoT | WHY IT MATTERS: Digital Transformation | Scoop.it

BI Intelligence analyses how the growth of internet-connected devices, particularly the Internet of Things, will revolutionize our lives. 

The Internet of Everything

By 2020, more than 34 billion internet-connected devices will be installed globally — that's more than 4 devices for every human on earth.

BI Intelligence has developed a slide deck analyzing the growth of internet-connected devices — particularly the Internet of Things (IoT).

Farid Mheir's insight:

A 60 slide powerpoint presentation on Internet of Things, its current and future usage and penetration, possible uses, etc.

 

WHY THIS IS IMPORTANT

IoT is a major trend which should impact all businesses in the near future. This is a well researched document that provides very useful charts for anyone putting together strategic plans and roadmaps. It covers a wide variety of industries and applications, which shows how wide and deep the IoT revolution could be. Must read.

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Health care gets connected with patients: a multi-B$ industry close to disruption

Health care gets connected with patients: a multi-B$ industry close to disruption | WHY IT MATTERS: Digital Transformation | Scoop.it
Connected health aims to better connect patients and doctors in a mutually beneficial way, using high tech to analyze and diagnose patient issues.
Farid Mheir's insight:

Connected health is the emerging industry that leverages Internet of Things to connect patient with doctors. Estimated at 117B$, this is a huge industry with as big opportunities for digital transformation.

 

WHY THIS IS IMPORTANT

Digital transformation is at its most personal for all things related to health, healthcare, wellness, fitness, and anything that touches your body and your behaviour. Watch out for the changes that will come in this field for both opportunities and privacy issues.

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Application that monitors your food pantry #IoT #DiY

Application that monitors your food pantry #IoT #DiY | WHY IT MATTERS: Digital Transformation | Scoop.it
This is the second and concluding part of the earlier post where we presented a “Internet of Things” project idea around tracking kitchen food inventory. We discussed the benefits and use cases of this application from a restaurant’s point of view and presented a gist of the the project setup and components. Now it’s time to discuss the detailed hardware, software setup and the complete functionality of the system. More...
Farid Mheir's insight:

A very geeky weekend project that has a multitude of real-world applications in manufacturing, distribution, logistics, etc. IBm describes how they have designed and built a food pantry inventory tracking system based on internet of things tools and solutions.

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Riya Malhotra's curator insight, June 8, 2016 5:37 AM
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Google to control your house with its "Works with Nest" project

Google to control your house with its "Works with Nest" project | WHY IT MATTERS: Digital Transformation | Scoop.it
What's most intriguing about the Nest Thermostat is how it's become the center of a connected home ecosystem.
Farid Mheir's insight:

Google acquired Nest, the manufacturer of smart thermostats. Its "Works with Nest" initiative has defined a solution that can soon see Google in charge of your whole home automation.

 

This is a good thing as smart devices should be connected and the possibilities that this networking offers are amazing (see the other articles for certain use cases that will soon be possible).

 

As with other Internet of Things improvements, security and information privacy must be front and center.

 

See also

http://www.appcessories.co.uk/works-with-nest-best-compatible-devices/

http://www.wired.com/2015/10/nest-embraces-good-ol-yale-locks-make-smart-homes-smarter/

 

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Marc Wachtfogel, Ph.D.'s curator insight, March 28, 2016 8:54 AM

Google acquired Nest, the manufacturer of smart thermostats. Its "Works with Nest" initiative has defined a solution that can soon see Google in charge of your whole home automation.

 

This is a good thing as smart devices should be connected and the possibilities that this networking offers are amazing (see the other articles for certain use cases that will soon be possible).

 

As with other Internet of Things improvements, security and information privacy must be front and center.

 

See also

http://www.appcessories.co.uk/works-with-nest-best-compatible-devices/

http://www.wired.com/2015/10/nest-embraces-good-ol-yale-locks-make-smart-homes-smarter/

 

Buzzy Bee's curator insight, March 31, 2016 4:22 PM

Google acquired Nest, the manufacturer of smart thermostats. Its "Works with Nest" initiative has defined a solution that can soon see Google in charge of your whole home automation.

 

This is a good thing as smart devices should be connected and the possibilities that this networking offers are amazing (see the other articles for certain use cases that will soon be possible).

 

As with other Internet of Things improvements, security and information privacy must be front and center.

 

See also

http://www.appcessories.co.uk/works-with-nest-best-compatible-devices/

http://www.wired.com/2015/10/nest-embraces-good-ol-yale-locks-make-smart-homes-smarter/

 

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Your Bosch dishwasher will soon connect to the cloud #IoT

Your Bosch dishwasher will soon connect to the cloud #IoT | WHY IT MATTERS: Digital Transformation | Scoop.it
Bosch joins the cloud computing bandwagon by becoming a full service provider for connectivity and the Internet of Things. The company aims to have all of its electronics IoT- enabled through IoT Cloud by the year 2020.

Via Richard Platt
Farid Mheir's insight:

Bosch is launching its own cloud computing services for the Internet of Things, with the first cloud facility to be located in Germany.  The company is the latest to join the IoT bandwagon by becoming a full service provider for connectivity and the Internet of Things.  Currently, there are at least 5 million devices that are working with Bosch's IoT Suite. These include the staples of a connected home such as a central hub and contact sensors between the door and window.

 

It is interesting to see that companies in the non technology space - like Bosch - are investing heavily to be positioned for the year 2020, where they expect IoT devices to start taking hold. What are all the others doing?

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Emeric Bailleul's curator insight, March 16, 2016 3:40 AM

Bosch is launching its own cloud computing services for the Internet of Things, with the first cloud facility to be located in Germany.  The company is the latest to join the IoT bandwagon by becoming a full service provider for connectivity and the Internet of Things.  Currently, there are at least 5 million devices that are working with Bosch's IoT Suite. These include the staples of a connected home such as a central hub and contact sensors between the door and window.  Outside the home, the company's IoT Suite also includes connected parking spots that allow consumers to reserve a spot prior to arriving, and auto-racing applications that could monitor essential racecar details even in a distance through a pit crew.

Liliana Luna Gomez's curator insight, March 16, 2016 4:11 AM

Bosch is launching its own cloud computing services for the Internet of Things, with the first cloud facility to be located in Germany.  The company is the latest to join the IoT bandwagon by becoming a full service provider for connectivity and the Internet of Things.  Currently, there are at least 5 million devices that are working with Bosch's IoT Suite. These include the staples of a connected home such as a central hub and contact sensors between the door and window.  Outside the home, the company's IoT Suite also includes connected parking spots that allow consumers to reserve a spot prior to arriving, and auto-racing applications that could monitor essential racecar details even in a distance through a pit crew.

Juan Ortega's curator insight, May 20, 2016 4:50 AM
¿Lavavajillas con acceso a internet? ¿Será buena idea?
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How and why a High School has deployed 15 Beacons

How and why a High School has deployed 15 Beacons | WHY IT MATTERS: Digital Transformation | Scoop.it
Brookwood Middle School in Vance, Ala., is placing beacons throughout its school and the community to better communicate with student and parents.
Farid Mheir's insight:

Describes a high school in the US that has deployed 15 beacons on its premise and what they are used for.

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Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/