WHY IT MATTERS: Digital Transformation
128.1K views | +75 today
Follow
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
Your new post is loading...
Scooped by Farid Mheir
Scoop.it!

French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company

French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company | WHY IT MATTERS: Digital Transformation | Scoop.it

Après plus de deux ans d’accompagnement de nos startups chez la plupart des grands groupes français, j’ai souhaité dresser un premier bilan.

Farid Mheir's insight:

WHY IT MATTERS: it is a great summary of the key success criteria and pitfalls of innovation in large organizations. Must read for any startup or executive in large organization.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

Artificial Intelligence in #Retail – 10 Present and Future Use Cases

Artificial Intelligence in #Retail – 10 Present and Future Use Cases | WHY IT MATTERS: Digital Transformation | Scoop.it

In this article, we cover a variety of examples in which AI is being integrated in the retail industry, broken down into the following sub-categories: Sales and CRM Applications, Customer Recommendations, Manufacturing, Logistics and Delivery, Payments and Payment Services

Farid Mheir's insight:

WHY IT MATTERS: some of the use cases may be far fetched but still give a good idea of what is possible (not necessarily what is useful...). Good to know nevertheless.

more...
Harpal Jadon's curator insight, October 18, 7:18 AM
Harpal Singh Jadon
Harpal Jadon's curator insight, October 18, 7:19 AM
Harpal Singh Jadon
Scooped by Farid Mheir
Scoop.it!

You need an #Innovation labs to stay in business today - a review of 70 corporations that have setup a lab in recent years

You need an #Innovation labs to stay in business today - a review of 70 corporations that have setup a lab in recent years | WHY IT MATTERS: Digital Transformation | Scoop.it

Innovation is critical for established companies to stay relevant in the face of disruption. Here's our list of corporate innovation labs.

Farid Mheir's insight:

WHY IT MATTERS: everyone asks how they change do digital transformation. For one thing, setting up an independent lab can be a good place to start.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

Fourth Industrial Revolution | Explore | TOPLINK

Fourth Industrial Revolution | Explore | TOPLINK | WHY IT MATTERS: Digital Transformation | Scoop.it

The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial revolutions. These advances are merging the physical, digital and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value and even what it means to be human. The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum provides a trove of useful data and analysis on topics related to the 4th industrial revolution. It provides useful insight into key digital technologies related to that topics as well.

more...
Kim Flintoff's curator insight, June 4, 5:56 AM
The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
Peter Langerbeck's curator insight, June 8, 7:41 AM
We have to keep pace with development. IRL 5.0 is on the door step.
Rescooped by Farid Mheir from Valorisation de l'information
Scoop.it!

The Future of the #Database (#Infographic)

The Future of the #Database (#Infographic) | WHY IT MATTERS: Digital Transformation | Scoop.it
The Future of the Database (Infographic) – Innovation Insights

Via Christophe Chambet-Falquet
more...
Christophe Chambet-Falquet's curator insight, July 26, 2017 2:24 PM

What about biological database ? 2030 ?

Aaronneo's curator insight, October 7, 2017 2:40 PM

I provide psychotherapy and counselling services in Perth for adults who are experiencing a range of difficulties or looking to improve their overall wellbeing

Scooped by Farid Mheir
Scoop.it!

In 2016 renewable energy became cheaper than coal & other Top 10 Tech Trends Transforming Humanity 

In 2016 renewable energy became cheaper than coal & other Top 10 Tech Trends Transforming Humanity  | WHY IT MATTERS: Digital Transformation | Scoop.it

2016 was an incredible year for technology, and for humanity. Despite all the negative political-related news, there were 10 tech trends this year that positively transformed humanity.

For this “2017 Kick-Off” blog, I reviewed 52 weeks of science and technology breakthroughs, and categorized them into the top 10 tech trends changing our world.

I’m blown away by how palpable the feeling of exponential change has become.

I’m also certain that 99.999% of humanity doesn’t understand or appreciate the ramifications of what is coming.

In this blog, enjoy the top 10 tech trends of the past 12 months and why they are important to you.

Farid Mheir's insight:

I am not a big fan of trends and yearly predictions as a glimpse into the future. However, I like them because they provide a good state of the nation - a condensed picture of where we are and what are hot topics. 

 

This review is of particular value in that respect and I especially like #2 where author states "2016 was the year solar and renewable energy became cheaper than coal" because it goes against what we often hear, yet confirms something we expect will happen as it has been predicted for such a long time.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

The State of Technology at the End of 2016 via @stratechery @gnat 

The State of Technology at the End of 2016 via @stratechery @gnat  | WHY IT MATTERS: Digital Transformation | Scoop.it
This transformation echoes the impact of Facebook on the media: there is a dramatic leveling of the playing field. The advantages of scale that guaranteed success in the post-war era just don’t matter very much when advertising is cheap, shelf space is infinite, and shipping is free. And, just as Facebook’s breakdown of the media broke down the political parties, Amazon’s break-down of physical retail will have its own knock-on effects: carrying household supplies is a major reason to own a car, for example, which means Amazon is a laying the foundation for a service like Uber to shift from being a car supplement to a full-on substitution.
Farid Mheir's insight:

A discussion on the impact that technology innovation has had on the election of Trump and more disruption to come from Amazon. 

 

WHY THIS IS IMPORTANT

The author presents compelling arguments about reasons why technology innovation has had such an impact and forces us to rethink most business models. Moreover the analysis of Trump's election as evidence that the power has shifted from editors and political parties to voters and end users is just brilliant and I will certainly use it in the future!

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

Open source home design: ecofriendly & low cost

Open source home design: ecofriendly & low cost | WHY IT MATTERS: Digital Transformation | Scoop.it
Wanna ditch the mortgage and live in a modular, open source, ecological house?
Farid Mheir's insight:

Explains 5 steps to build a house using open source components. Is this the future of home building?

 

WHY THIS IS IMPORTANT

Open source has revolutionized software development and other technology areas. Can it also be applied to real-life products? This is exactly what this is all about: revolutionize the way we think about our everyday products by having low cost options with no patents or protections. This should keep costs down and foster innovation. Watch out.

more...
Jason Tadros's curator insight, August 20, 2016 1:09 PM
Share your insight
Scooped by Farid Mheir
Scoop.it!

Guide to Innovation: Peek Inside Google Moonshot Factory Operating Manual

Guide to Innovation: Peek Inside Google Moonshot Factory Operating Manual | WHY IT MATTERS: Digital Transformation | Scoop.it
Ever since we started as Google[x] in 2010, X has had a single mission: to invent and launch “moonshot” technologies that we hope could…
Farid Mheir's insight:

Rules that guide selection and priorization of projects in Google X, the innovation labs of Google that produced some of its most famous innovations.

 

WHY THIS IS IMPORTANT

Rules are different when you innovate and it is always useful to see which ones successful innovators break. Here it seems that the most important rule is acceptance of failure and very rapid decision making. Must read for anyone trying to innovate in his or her organization.

more...
No comment yet.
Rescooped by Farid Mheir from Startup Revolution
Scoop.it!

Software Eats the World : We Are All Softwareists Now

Software Eats the World : We Are All Softwareists Now | WHY IT MATTERS: Digital Transformation | Scoop.it

We Are All Software Makers Now

I think Joi Ito's TED talk about NOWISM is correct and a tsunami trend few understand or address. Right after the NOWISM wave comes the, "We are all software creators" wave. 

We love this line, "It is decidedly non-trivial for a company in a non-tech traditional industry to start thinking and acting like a software company." Damn skippy it is hard to become a "softwareist". 

 

Software engineers speak a different language, think differently than left brain creatives (most marketing people are left brain creatives) and want to engineer the world. 

 

The subtext of this well written and intelligently conceived post is find blue oceans or die. I'm mixing metaphors since the post doesn't contextualize using Kim's great Blue Ocean Strategies book, but the implication hangs in this post like a line separating winners from losers. 

 

 

 


Via Martin (Marty) Smith
Farid Mheir's insight:

An article that reminds us that software is everywhere and that all companies should focus on making this trend part of their strategic plan.

 

WHY IS THIS IMPORTANT?

The article focusses on 2 key elements: timing and focus. These are essential as not all industry move at the same speed. Case in point: book sales and grocery. Probably two ends of the spectrum, book sales have moved to online early and in a big way. Grocery: not so much. Actually, not yet. Because we all know it is coming, we will buy our staple grocery cans from a website in the coming years. Question is when.

 

And when this happens, when customers are ready and retailers find a way to remain profitable even when they do more work, then it will become a game of choosing the right products at the right price. Same as today. But with a different distribution channel. Focus will remain being a great grocer, not a great technology company. Or will it?

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

The eight essentials of innovation | McKinsey & Company

The eight essentials of innovation | McKinsey & Company | WHY IT MATTERS: Digital Transformation | Scoop.it

It’s no secret: innovation is difficult for well-established companies. By and large, they are better executors than innovators, and most succeed less through game-changing creativity than by optimizing their existing businesses. Yet hard as it is for such organizations to innovate, large ones as diverse as Alcoa, the Discovery Group, and NASA’s Ames Research Center are actually doing so. What can other companies learn from their approaches and attributes? That question formed the core of a multiyear study comprising in-depth interviews, workshops, and surveys of more than 2,500 executives in over 300 companies, including both performance leaders and laggards, in a broad set of industries and countries (Exhibit 1). What we found were a set of eight essential attributes that are present, either in part or in full, at every big company that’s a high performer in product, process, or business-model innovation.

more...
Hermann Martinez's curator insight, July 6, 2015 5:21 PM

añada su visión ...

Scooped by Farid Mheir
Scoop.it!

How to Make Moonshots, Google X and the list of 10,000 things

How to Make Moonshots - Backchannel - Medium
Google has long declared itself an unconventional company. But its division that takes on long-term, risky projects, Google[x], makes the rest of the company look pretty staid. Now led by Astro Teller (born Eric before he adopted a first name that really suited him), Google[x] deliberately takes on challenges that seem to fit more comfortably in the pages of pulp science fiction than on the balance sheet of a public company. Its first project was the self-driving car, and subsequent ones include Google Glass, the smart contact lens, the Google Brain neural network, the Loon Project that delivers Internet service via balloon, and a project that hopes to release nanoparticles in the bloodstream to detect early disease.
Farid Mheir's insight:

A great read for anyone interested in innovation within an organization. In particular, I found the 10000 things list reference to be quite unique and quite powerful.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

Most Innovative Companies 2015

Most Innovative Companies 2015 | WHY IT MATTERS: Digital Transformation | Scoop.it
Stories tagged with Most Innovative Companies 2015.
Farid Mheir's insight:

Interesting how innovation often rimes with digital transformation or disruption... This list provides 50 good starting points for those looking to reinvent their business.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

Happy #maps allows you to choose "happy" or "quiet" path to get you from point A to B via @ted

Happy #maps allows you to choose "happy" or "quiet" path to get you from point A to B via @ted | WHY IT MATTERS: Digital Transformation | Scoop.it
Mapping apps help us find the fastest route to where we’re going. But what if we’d rather wander? Researcher Daniele Quercia demos “happy maps” that take into account not only the route you want to take, but how you want to feel along the way.
Farid Mheir's insight:

Innovative mapping uses crowdsourcing techniques to identify not only the most efficient route to take but also the most quiet or the most enjoyable? Can this approach also be leveraged in other business applications that are focussed on efficiency?

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

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 | WHY IT MATTERS: Digital Transformation | 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.

more...
James Coombes's curator insight, January 14, 2014 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.

Scooped by Farid Mheir
Scoop.it!

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 | WHY IT MATTERS: Digital Transformation | 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 
more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

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

Nordstrom Innovation Lab video shows how rapid experimentation should be done #mustwatch | WHY IT MATTERS: Digital Transformation | 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.”

Farid Mheir's insight:

*** website URL has changed!

See the video here: https://www.youtube.com/watch?v=szr0ezLyQHY

Or checkout the new homepage: https://www.nordlab.co/ 


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.

more...
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.

Scooped by Farid Mheir
Scoop.it!

Chart: U.S. Newsroom Employment Down to 30-Year Low | Statista

Chart: U.S. Newsroom Employment Down to 30-Year Low | Statista | WHY IT MATTERS: Digital Transformation | 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

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

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.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

@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 | WHY IT MATTERS: Digital Transformation | 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. 

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

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 | WHY IT MATTERS: Digital Transformation | 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.

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

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".

more...
No comment yet.
Scooped by Farid Mheir
Scoop.it!

To Innovate, Find What's Hiding in Plain Sight

To Innovate, Find What's Hiding in Plain Sight | WHY IT MATTERS: Digital Transformation | 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.

more...
No comment yet.
Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/