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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Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment 

Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment  | WHY IT MATTERS: Digital Transformation | Scoop.it

Generation Z (Gen Z), born after 2000, is the first generation not to have known life without technologies and services such as smartphones, iPads, Facebook, Instagram and WhatsApp. Exposure to these technologies and services has influenced this demographic’s broader expectations and behaviors.

We have identified three defining attributes of Gen Zers:

  • Gen Zers tend to attach great importance to personal appearance, in large part because they are the first generation to grow up “in public” online, i.e., documenting their lives on social media.
  • The pressures presented by social media are encouraging Gen Zers to spend on leisure services, such as vacations, dining out and going out. This is what we call “the Instagram effect.”
  • The on-demand economy, ranging from video-on-demand services such as Netflix to dine-on-demand apps such as UberEATS, is making Gen Z the most demanding, least patient generation ever.

US consumers spent $829.5 billion on Gen Zers in 2015, we estimate. Around $66 billion of that total was spent on discretionary categories, while most of it was spent on essential or semi discretionary categories such as housing, food, clothing and transportation.

Farid Mheir's insight:

Make sure you can fulfill their digital needs because they are coming to replace the millennials!

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Farid Mheir's curator insight, January 16, 2017 9:17 AM

Make sure you can fulfill their digital needs because they are coming to replace the millennials!

Jeremy McGIlvrey's comment, January 17, 2017 5:34 AM
Nice article https://jeremymcgilvreysite.wordpress.com/
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Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment 

Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment  | WHY IT MATTERS: Digital Transformation | Scoop.it

Generation Z (Gen Z), born after 2000, is the first generation not to have known life without technologies and services such as smartphones, iPads, Facebook, Instagram and WhatsApp. Exposure to these technologies and services has influenced this demographic’s broader expectations and behaviors.

We have identified three defining attributes of Gen Zers:

  • Gen Zers tend to attach great importance to personal appearance, in large part because they are the first generation to grow up “in public” online, i.e., documenting their lives on social media.
  • The pressures presented by social media are encouraging Gen Zers to spend on leisure services, such as vacations, dining out and going out. This is what we call “the Instagram effect.”
  • The on-demand economy, ranging from video-on-demand services such as Netflix to dine-on-demand apps such as UberEATS, is making Gen Z the most demanding, least patient generation ever.

US consumers spent $829.5 billion on Gen Zers in 2015, we estimate. Around $66 billion of that total was spent on discretionary categories, while most of it was spent on essential or semi discretionary categories such as housing, food, clothing and transportation.

Farid Mheir's insight:

Make sure you can fulfill their digital needs because they are coming to replace the millennials!

more...
Farid Mheir's curator insight, January 15, 2017 6:09 PM

Make sure you can fulfill their digital needs because they are coming to replace the millennials!

Jeremy McGIlvrey's comment, January 17, 2017 5:34 AM
Nice article https://jeremymcgilvreysite.wordpress.com/
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Facebook DID influence the #Elections via @Mike_K_Spencer

Facebook DID influence the #Elections via @Mike_K_Spencer | WHY IT MATTERS: Digital Transformation | Scoop.it

It's hard to imagine, just twelve years ago, that the media would have been reduced to Facebook, degenerated into what we have today.

Farid Mheir's insight:

An interesting overview of the impact that social media, Facebook in particular may have had in the elections. Not sure if that is the case but for sure the world of media has evolved tremendously.

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SofiJukeMari's curator insight, November 13, 2016 1:52 PM
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Supercomputer takes on cancer

Supercomputer takes on cancer | WHY IT MATTERS: Digital Transformation | Scoop.it

IBM is now training Watson to be a cancer specialist. The idea is to use Watson's increasingly sophisticated artificial intelligence to find personalised treatments for every cancer patient, by comparing disease and treatment histories, genetic data, scans and symptoms against the vast universe of medical knowledge.

Such precision targeting is possible to a limited extent, but it can take weeks of dedicated sleuthing by a team of researchers. Watson would be able to make this type of treatment recommendation in mere minutes.

The IBM program is one of several new aggressive health-care projects that aim to sift through the huge pools of data created by people's records and daily routines and then identify patterns and connections to predict needs. It is a revolutionary approach to medicine and health care that is likely to have significant social, economic and political consequences.

Farid Mheir's insight:

IBM Watson computer is now being trained as a medical doctor and is now study for a fellowship in cancer diagnosis and treatment.


WHY THIS IS IMPORTANT

All jobs are candidates to replaced or drastically transformed by software. I wrote about this in the past but this text in paper says it best.


"While there's much debate about the extent to which technology is destroying jobs, recent research has driven concern. A 2013 paper by economists at the University of Oxford calculated the probability of 702 occupations being automated or " roboticised " out of existence and found that a startling 47 per cent of American jobs - from paralegals to taxi drivers - could disappear in coming years. Similar research by MIT business professors Erik Brynjolfsson and Andrew McAfee has shown that this trend may be accelerating and that we are at the dawn of a "second machine age"." 


Also see

- about the second machine age and digital transformation 

http://www.scoop.it/t/digital-transformation-of-businesses?q=mcaffee 

- half of jobs are vulnerable http://sco.lt/5Loi3d 

- impact on jobs 

http://www.scoop.it/t/digital-transformation-of-businesses?q=jobs 

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Eléonore PINAUD-PLAZANET's curator insight, July 10, 2015 4:45 AM

La robotique d'Asimov est en marche.

Ian Harris's curator insight, March 19, 2016 7:20 PM

IBM Watson computer is now being trained as a medical doctor and is now study for a fellowship in cancer diagnosis and treatment.

 

WHY THIS IS IMPORTANT

All jobs are candidates to replaced or drastically transformed by software. I wrote about this in the past but this text in paper says it best.

 

"While there's much debate about the extent to which technology is destroying jobs, recent research has driven concern. A 2013 paper by economists at the University of Oxford calculated the probability of 702 occupations being automated or " roboticised " out of existence and found that a startling 47 per cent of American jobs - from paralegals to taxi drivers - could disappear in coming years. Similar research by MIT business professors Erik Brynjolfsson and Andrew McAfee has shown that this trend may be accelerating and that we are at the dawn of a "second machine age"." 

 

Also see

- about the second machine age and digital transformation 

http://www.scoop.it/t/digital-transformation-of-businesses?q=mcaffee 

- half of jobs are vulnerable http://sco.lt/5Loi3d 

- impact on jobs 

http://www.scoop.it/t/digital-transformation-of-businesses?q=jobs 

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Who’s Hiring (and Who Isn’t) in Five Charts via @HBR

Who’s Hiring (and Who Isn’t) in Five Charts via @HBR | WHY IT MATTERS: Digital Transformation | Scoop.it
Five years after the start of the worst six months for the U.S. labor market since the Great Depression, we learned Friday that 203,000 new jobs were created in November and the unemployment rate dropped to 7%.
Farid Mheir's insight:

Trends is clear: study in tech and you'll have a job in the future. Also charts that show healthcare, governments and other growth industries.

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Half of US jobs are vulnerable to computerization- How Technology Is Destroying Jobs via @MIT

Half of US jobs are vulnerable to computerization- How Technology Is Destroying Jobs via @MIT | WHY IT MATTERS: Digital Transformation | Scoop.it
Automation is reducing the need for people in many jobs. Are we facing a future of stagnant income and worsening inequality?
Farid Mheir's insight:

I am firm believer of the people-process-technology equilibrium. Digital transformation impact humans and if they are not willing to change, then technology implementation often fails. However, this paper makes the point that, over time, the transformation will occur and those that fail to change their way loose their jobs. 


What is even more interesting is the research that indicates which industries and sectors are most vulnerable in the next few years. Is your job on the list?


A nice short companion article to read is Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization

http://bit.ly/18TDnjn 

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Curated by Farid Mheir
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