Digital Transformation of Businesses
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Digital Strategy 101 explores concepts and deliverables to advertising in the digital world via @Bud_Caddell

Digital Strategy 101 is an overview of the current state of digital strategy and an exploration of core concepts, deliverables, and thought-leaders relevant to young practitioners.

Farid Mheir's insight:

Great insight into the new reality of advertising in the digital age.

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Jean-Marie Grange's curator insight, September 26, 2013 4:08 PM

Digital strategy for beginners.

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. Register to get the monthly newsletter here: http://fmcs.digital/newsletter-signup/
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Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware 

Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware  | Digital Transformation of Businesses | Scoop.it

This post explores the pyramid of digital needs. Based on personal experience and observations, I describe what this hierarchy may be composed of, map technologies that support them, and offer an initial analysis of the impact on individuals and businesses.

Farid Mheir's insight:

This is a new concept that I have been thinking about for a few year and that may help explain why some persons are not ready to have a Facebook account or share on social networks.

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GLOBALHACKERS.RU's curator insight, October 3, 2017 10:46 PM
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GLOBALHACKERS.RU's curator insight, October 8, 2017 10:25 PM
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GLOBALHACKERS.RU's curator insight, December 16, 2017 4:33 AM
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AI-Fooling Glasses Could Be Good Enough to Trick Facial Recognition at Airports: the future of clothing may be part style, part privacy protection #privacy #AI #faceRecognition

AI-Fooling Glasses Could Be Good Enough to Trick Facial Recognition at Airports: the future of clothing may be part style, part privacy protection #privacy #AI #faceRecognition | Digital Transformation of Businesses | Scoop.it

In the not-too-distant future, we’ll have plenty of reasons to want protect ourselves from facial detection software. It’s gotten so good at tricking the system that the researchers made a serious suggestion to the TSA: Since facial recognition is already being used in high-security public places like airports, they’ve asked the TSA to consider requiring people to remove physical artifacts—hats, jewelry, and of course eyeglasses—before facial recognition scans.

Farid Mheir's insight:

WHY IT MATTERS: with face recognition security cameras becoming more widely used, I can see a future where your clothes are designed to fool systems into not recognizing you and keeping your privacy intact.

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Chinese police are using facial-recognition glasses to scan crowds for wanted criminals #security #privacy #AI 

Chinese police are using facial-recognition glasses to scan crowds for wanted criminals #security #privacy #AI  | Digital Transformation of Businesses | Scoop.it
  • Railway police have begun using facial-recognition eyewear to catch criminals.
  • In tests the glasses identified faces within 100 milliseconds.
  • Seven people have been arrested for a range of previous crimes, and another 26 were banned from travel.
  • China has been ramping up its use of facial-recognition technology as it moves toward a nationwide database that can recognize any citizen within three seconds.
Farid Mheir's insight:

WHY IT MATTERS: face recognition using AI has been around for a few years. It used to require large computers in the cloud. Not anymore. This changes everything.

1) privacy: it will become more and more difficult to protect your privacy in the future. I have written about this before, specifically when the Google glasses came out 3 years ago. It is a concept that is interpreted differently in countries and cultures - such as China vs USA.

2) China: is investing heavily to win the AI war with the US. So we should expect every product - from glasses to door bells to cell phones to cars - to have face recognition built into the device in the very near future. At the CES2018 show, I saw a number of companies that offer face recognition chips ready to be embedded at low price into any consumer device. So it *will* happen. More on China in a later post...

3) protection: people will naturally want to protect themselves. We should start to see face masks that are designed to fool face recognition hardware as has been shown to be possible recently.

More reading:

- google glasses face recognition: http://fmcs.digital/blog/kodak-cameras-banned-in-the-1880s-over-loss-of/ 

- CES security cameras: http://plus.lapresse.ca/screens/9ee3fba2-dd87-42c4-ae7c-b2478b752ec3%7C_0.html (in french)

- fooling face recognition: https://motherboard.vice.com/en_us/article/ne43pz/ai-fooling-glasses-could-be-good-enough-to-trick-facial-recognition-at-airports 

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Should your business become AI-first? How can traditional retailers compete with Amazon as Rebuilds Itself Around Artificial Intelligence #AI #Retail

Should your business become AI-first? How can traditional retailers compete with Amazon as Rebuilds Itself Around Artificial Intelligence #AI #Retail | Digital Transformation of Businesses | Scoop.it

The Alexa voice platform and other deep learning projects have made Amazon an AI leader.

Farid Mheir's insight:

WHY IT MATTERS: if you are a retailer Amazon is your competitor. How are you going to compete with it if all you do is have a mediocre website, little social media presence, after-thought eCommerce? Well today you have to include AI in the mix because otherwise all your other efforts will be useless.

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#Drones relay #RFID signals or read barcodes for improved inventory control without humans or ladders #MIT #WMS #digital 

#Drones relay #RFID signals or read barcodes for improved inventory control without humans or ladders #MIT #WMS #digital  | Digital Transformation of Businesses | Scoop.it

MIT researchers have developed a system that enables small, safe, aerial drones to read RFID tags from tens of meters away while identifying the tags’ locations. The system could be used in large warehouses to prevent inventory mismatches and locate individual items.

Farid Mheir's insight:

WHY IT MATTERS: drones and autonomous vehicles have applications in business settings that may be more valuable and faster to deploy short term than consumer applications we have come to see in recent years - like self-driving cars or drone following humans in the wild. Here MIT has adapted drones to perform inventory control using RFID tags in warehouses. At the recent CES 2018 event, drones from company Eyesee are equipped with high definition cameras perform similar tasks of inventory control and management. These solutions have short-term benefits for enterprises that warrant deployment of what is still a very new technology. In the future, Artificial Intelligence image recognition software should enable even more advanced inventory control.

More on Eyesee autonomous inventory-taking drone:

https://www.hardis-group.com/en/news/ces-2018-eyesee-autonomous-inventory-taking-drone-wins-innovation-award 

https://www.youtube.com/watch?v=3Wo-5oS1J_0 

https://eyesee-drone.com/ 

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Alan Bradshaw's curator insight, February 14, 10:24 AM

Solid use of technology

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eCommerce leader @Cdiscount opens 3000sq.ft. warehouse to let #startups innovate & disrupt #innovation #digital #disruption #agile @bastienginer

eCommerce leader @Cdiscount opens 3000sq.ft. warehouse to let #startups innovate & disrupt #innovation #digital #disruption #agile @bastienginer | Digital Transformation of Businesses | Scoop.it

The Warehouse est le premier entrepôt destiné aux startups pour créer la supply chain du futur. Créé par Cdiscount, ce lieu d’innovation propose un programme d’accompagnement de 6 mois, alliant à la fois du mentoring pour challenger la stratégie des startups, mais également des ateliers de codesign avec les utilisateurs experts de leur métier, afin de contextualiser les solutions logistiques des startups sélectionnées.

Farid Mheir's insight:

WHY IT MATTERS: we all say companies must innovate but often they struggle because of internal operational constraints - after all they have a business to run and cannot disrupt their operations to try things out. That is why such an experiment by CDiscount is so important: they have created both a *place* where startups can do their things and a *process* for them not worry if they break something. Can't wait to see the results of that - but I guess it can only be positive, how can it not be?

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Amazon package-delivery service to compete with FedEx and UPS #SWA #eCommerce #disruption #RetailApocalypse

Amazon package-delivery service to compete with FedEx and UPS #SWA #eCommerce #disruption #RetailApocalypse | Digital Transformation of Businesses | Scoop.it

Amazon will launch a package-delivery service called Shipping with Amazon, or SWA, The Wall Street Journal reported. The service is designed to compete directly with UPS and FedEx. SWA is expected to roll out in Los Angeles over the next few weeks, then spread to other cities in the US during the year.

Farid Mheir's insight:

WHY IT MATTERS: this is not a surprise as delivery fees are close to 15% of Amazon costs. I wrote about this in the past numerous times and it looks like Amazon is moving in the direction of competing with large delivery providers. Again, Amazon only needs to break even on delivery costs, it does not need to make a profit. Moreover, going into grocery eCommerce can provide additional volume and predictable routes (think milkmen routes) to put trucks on the roads, pay for their fixed costs, and effectively make delivery "free" for all other product categories. When self-driving cars -or more likely autonomous vehicles - become a reality, Amazon will be there to reap the benefits. Another attack of established retail and distribution industry that Amazon is famous for.

More on this: Amazon vs UPS and Fedex (2016 but still relevant: http://fmcs.digital/blog/parcel-delivery-disruption-coming-with-amazon-building-uber-for-trucking-app-and-self-driving-trucks/ 

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Graphics Design's curator insight, February 15, 6:25 AM

Budget hearing center provides   Hearing Aids MN  to those people which are disabled by ear voice.

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The Global #AI Talent Pool Going into 2018 HT @jfgagne

The Global #AI Talent Pool Going into 2018 HT @jfgagne | Digital Transformation of Businesses | Scoop.it

I reached out for help a little while ago on Twitter and on LinkedIn to assess the size and state of the global AI talent pool—a crucial issue for the entire industry going forward. Thank you to those of you from around the world who responded in large numbers. Your generous input has gone into a new report that we at Element AI have developed. We now have a more detailed picture of the size and characteristics of the pool of AI experts going into 2018. I see this report as a living document that will continue growing with others’ contributions. Our broadest measure of the global talent pool is 22,000 individuals: it remains clear that the fight for talent will continue into the foreseeable future. Below are some of my observations on what I see happening around the world. 

Farid Mheir's insight:

WHY IT MATTERS: A great analysis of the current pool of talent in AI worldwide - compiled by our local Montreal AI darling startup Element.ai. The conclusion: there are very few experts in the AI field today and even though tools and frameworks are available for newbies to get their feet wet, the learning curve is important.

However, I will suggest that the pool of talent to "integrate" AI into other solutions - mobile apps, eCommerce, production systems, etc. - is much wider and grows exponentially fast. I like to draw parallels with the Internet of late 1990s when anyone with a computer and web browser could develop a website - but very few had the skills to create eCommerce software or scalable web infrastructure.

 

You can see the full report at jfgagne.ai/talent

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The State of Ransomware reports that majority of companies recover from data backups - and only 3% pay the hackers to get their data back

The State of Ransomware reports that majority of companies recover from data backups - and only 3% pay the hackers to get their data back | Digital Transformation of Businesses | Scoop.it

Ransomware has become one of the most prevalent new cybersecurity threats faced by today’s enterprises. Now well beyond the incipient stage of opportunistic attacks, this automated form of blackmail has increased in prevalence and sophistication. The malware now targets organizations of all sizes as the bad guys look for ways to extort money and create trouble for businesses by taking their data hostage. Dark Reading’s 2017 Ransomware Survey queried IT practitioners about their recent experiences with ransomware and related malware over the past 12 months. Some of the findings include:

  • 35% of organizations detected ransomware on their systems in the past year.
  • 83% of affected organizations responded to infection by deleting the encrypted data and reimagining their systems using backup data.
  • Two in five organizations don’t have a ransomware response plan in place.
  • Only 27% of organizations believe current anti-malware technology is effective in preventing ransomware.
  • Half of IT practitioners believe it will be harder to prevent ransomware from infecting their systems two years from now.
Farid Mheir's insight:

WHY IT MATTERS: ransomware has made headlines in recent months but it appears that most organization manage to recover from backup data instead of paying the crooks. This report claims only 3% of organizations pay - but it still accounts for a whole lot of trouble, downtime and effort for those organization that find an alternate route. Better be prepared against those attacks!

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Gartner Magic Quadrant for Digital Experience Platforms highlights the variety of solutions and the complexity of selecting the "best solution" #DXP

Gartner Magic Quadrant for Digital Experience Platforms highlights the variety of solutions and the complexity of selecting the "best solution" #DXP | Digital Transformation of Businesses | Scoop.it

Organizations are looking to use DXPs as they move from web-centric to more pervasive, multichannel digital experiences. This Magic Quadrant will help those responsible for a range of customer-, employee- and partner-facing initiatives find the most suitable vendor for their needs.
Gartner defines a digital experience platform (DXP) as an integrated set of technologies, based on a common platform, that provides a broad range of audiences with consistent, secure and personalized access to information and applications across many digital touchpoints. Organizations use DXPs to build, deploy and continually improve websites, portals, mobile and other digital experiences.

Farid Mheir's insight:

WHY IT MATTERS: the web has moved from being simply a digital brochure to the source where all other channels derive their content - from print brochures, ads, mobile, emails, etc. In that context it is not a surprise that web solutions (or web content management solutions) have become platforms. So important is this technology trend that retailers now consider their eCommerce solution as the most important tool when looking to replace their POS solution in store. Thus this review from Gartner can help identify that future enterprise leaders may not be IBM, Microsoft and Oracle but Acquia, Adobe or Sitecore. Then again, one should expect these leaders to acquire those DX platforms to keep their position within the organization. Fun times ahead!

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If Workers Slack Off, the Wristband Will Know. (And #Amazon Has a Patent for It.) - #wearables are finding their way onto the shop and this is inevitable

If Workers Slack Off, the Wristband Will Know. (And #Amazon Has a Patent for It.) - #wearables are finding their way onto the shop and this is inevitable | Digital Transformation of Businesses | Scoop.it

The e-commerce giant has won two patents for a tracking technology that can nudge a human hand in the right direction — toward a warehouse bin, say.

Farid Mheir's insight:

WHY IT MATTERS: wearables offer the potential to help track our every move, providing a trove of information to improve health and work. Already there is proof that Apple watches can detect heart attacks. If this patent from 2016 by Amazon is built into a product and deployed, work productivity can improve as well. Of course this may have serious implications for privacy or work requirements, but we must get used to it. With robots falling in price and AI letting them do more and more human-level tasks, the future of work is bound to be measured much more closely than it is today.

 

Detailed description of the patent filing: https://www.geekwire.com/2018/amazon-wins-patents-wireless-wristbands-track-warehouse-workers/ 

Apple watch detects heart attackshttp://fmcs.digital/blog/killer-use-case-for-wearables-study-apple-watch-accurately-detects-heart-problems/ 

State of Robot industry 2017http://fmcs.digital/blog/3m-robots-in-2020-40b-industry-they-are-used-mostly-in-autophone-manufacturing-but-we-should-expect-more-industries-to-use-them-in-near-future-stats-china/ 

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Getting to grips with military robotics: @TheEconomist explores the future of warfare where fewer humans are alongside more technology #AI #drones #robots

Getting to grips with military robotics: @TheEconomist explores the future of warfare where fewer humans are alongside more technology #AI #drones #robots | Digital Transformation of Businesses | Scoop.it

Peter Singer, an expert on future warfare at the New America think-tank, is in no doubt. “What we have is a series of technologies that change the game. They’re not science fiction. They raise new questions. What’s possible?"

Farid Mheir's insight:

WHY IT MATTERS: taking the human out of the equation seems to be the future of warfare, with countries quest for AI dominance the most probable cause to trigger WW3 in the coming years. 

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The 17- Step Guide to Create a Successful Online Business in 2017

The 17- Step Guide to Create a Successful Online Business in 2017 | Digital Transformation of Businesses | Scoop.it

Learn how to quickly build a successful online shop starting from scratch with this complete how-to step-by-step guide. All you need to know in one place.

Farid Mheir's insight:

WHY IT MATTER: good reference to use as a checklist when you start your eCommerce activities - or just a reminder if you are already doing it. Moreover, just browsing through the list makes you realize at just how complex eCommerce has become over the years.

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Kool Design Maker's curator insight, February 8, 5:30 AM

Regardless of what the span of the organization, enormous or little, every organization needs to grow their business. They need to utilize each path conceivable to advertise their items and administrations. Organizations sort out showcasing efforts to spread the ubiquity and reach of their business. Online E-commerce websites development Company helps organizations in making an individual bond with potential customers and buyers utilizing the medium of the web. In the present period, E-commerce applications and arrangements are getting to be noticeably basic for each business or association to assert their online nearness.

Kool Design Maker's curator insight, February 8, 5:31 AM

Regardless of what the span of the organization, enormous or little, every organization needs to grow their business. They need to utilize each path conceivable to advertise their items and administrations. Organizations sort out showcasing efforts to spread the ubiquity and reach of their business. Online E-commerce websites development Company helps organizations in making an individual bond with potential customers and buyers utilizing the medium of the web. In the present period, E-commerce applications and arrangements are getting to be noticeably basic for each business or association to assert their online nearness.

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FMCS | WHY IT MATTERS: top 5 posts for January 2018

FMCS | WHY IT MATTERS: top 5 posts for January 2018 | Digital Transformation of Businesses | Scoop.it

Digital transformation top posts for January 2018.

Farid Mheir's insight:

WHY IT MATTER: this month's top 5 posts on digital transformation of business.

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Fakes news is old news: brace yourself for fake videos! People are using creepy, cutting-edge AI technology to splice Nic Cage into every movie they can think of

Fakes news is old news: brace yourself for fake videos! People are using creepy, cutting-edge AI technology to splice Nic Cage into every movie they can think of | Digital Transformation of Businesses | Scoop.it
The future is here — and it looks like Nicolas Cage.
Farid Mheir's insight:

WHY IT MATTERS: we can't trust our eyes anymore! read this to realize just how advanced this technology has become and anyone can use it. For more in depth description of the technology and its potential, go here: http://www.businessinsider.com/cgi-ai-fake-video-audio-news-hoaxes-information-warfare-revenge-porn-2017-8 

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Kool Design Maker's curator insight, February 8, 8:05 AM

Hearing Aid Repair MN is a larger number of times than not required as a result of individuals who misuse their gadgets

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Protecting digital identity more important than ever: You must "claim" your digital properties: Facebook,  Linkedin, Social security, etc. to protect yourself from thieves & hackers via @BrianKrebs

Protecting digital identity more important than ever: You must "claim" your digital properties: Facebook,  Linkedin, Social security, etc. to protect yourself from thieves & hackers via @BrianKrebs | Digital Transformation of Businesses | Scoop.it

KrebsOnSecurity has long warned readers to plant your own flag at the my Social Security online portal of the U.S. Social Security Administration (SSA) — even if you are not yet drawing benefits from the agency — because identity thieves have been registering accounts in peoples’ names and siphoning retirement and/or disability funds.

Farid Mheir's insight:

WHY IT MATTERS: It is important to be present on the digital mediums out there, from Facebook to LinkedIn and many others. No need to post or share anything personal, JUST CLAIM YOUR DIGITAL PLACE! Otherwise someone else may - with dire consequences.

I have written some posts that may complete this one from Krebs:

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

http://fmcs.digital/blog/digital-moi-get-started-10-actions/ 

http://fmcs.digital/blog/pyramid-of-digital-needs/ 

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Are You Ready to Watch the #Superbowl in Augmented Reality? #AR 

Are You Ready to Watch the #Superbowl in Augmented Reality? #AR  | Digital Transformation of Businesses | Scoop.it

We don't have the HoloLens just yet, but that doesn't stop Microsoft from showing us how it will revolutionize our lives - bringing players right into our living rooms.

Farid Mheir's insight:

WHY IT MATTERS: today is Superbowl, too bad we don't have this just yet. Can't be too long though, given all the recent AR products and solutions in the pipeline. For more: http://fmcs.digital/blog/tag/ar/ 

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Graphics Design's curator insight, February 5, 1:35 AM

Their claim to fame is chipping away at logo configuration, picture exhibitions, video gushing and numerous more arrangements. They can overhaul your site for better positioning or build up your illustrations and blaze outlines. They are the reliable custom web specialists. Static Website Design Services is basic for the production of a site which could comprise of pictures, content, sounds, recordings and whatever other programs that are required by the customer.

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Video shows Ocado warehouse technology that Sobeys has acquired to prepare #grocery orders is based on an army of small #robots working on 3D hive

Video shows Ocado warehouse technology that Sobeys has acquired to prepare #grocery orders is based on an army of small #robots working on 3D hive | Digital Transformation of Businesses | Scoop.it
1.7 million items a day across its four fulfilment centres
Farid Mheir's insight:

WHY IT MATTERS: On the heals of recent technology deals between Ocado and Carrefour in France and Sobeys in Canada, this paper and others explain how the technology works.

HUMAN-LESS WAREHOUSE

The technology is akin to a huge vending machine, where products are stored in compartments that robots can access when required. More important is that this technology can apply to any product you can buy online, not only grocery. In fact, figuring grocery item picking is probably the most difficult product category - with 3 temperature items (room, cold, frozen) and lots of small and delicate products (think tomatoes and meat). This will help reduce the cost and errors of web order fulfilment, and potentially speed delivery to make 1hr delays possible. When coupled with robot manipulation and self-driving delivery vans, the days of human-free order preparation and delivery is fast approaching.

RETAIL ARMAGGEDON

This will revolutionize the way we think of retail and distribution by making the store useless. The value chain will become produce-warehouse-home.

 

https://www.theengineer.co.uk/grocery-4-0-ocado-reshapes-retail-grocery-with-robotics-and-automation/ 

https://www.youtube.com/watch?v=iogFXDWqDak 

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Graphics Design's curator insight, February 5, 1:41 AM

In the event that you are good to go, custom vinyl banner design pulling in new clients could expand your pay. Flags are utilized to pull in the eye of potential customers like nothing else. Indeed, they are a basic device, have been previously and will keep on later on.

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#Blockchain may be the next revolution in the food supply chain - but education is key for wide adoption of this complex technology

#Blockchain may be the next revolution in the food supply chain - but education is key for wide adoption of this complex technology | Digital Transformation of Businesses | Scoop.it

According to a Deloitte survey, 40% of senior executives of large companies know little to nothing about blockchain, yet many view the technology as a top priority for 2017. This data suggests that one of the first barriers to promoting widespread adoption of the technology in the food industry is basic education about how the industry can benefit from blockchain.

Farid Mheir's insight:

WHY IT MATTERS: one of the key use case for blockchain is food traceability improvements, allowing faster and more precise product recalls for example. A recent study here shows that executives need lots of education and training to adopt and deploy the technology.

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Fantastic Resources & Tools for Ecommerce (September 2016)

Fantastic Resources & Tools for Ecommerce (September 2016) | Digital Transformation of Businesses | Scoop.it

Here is a list of my favourite services, tools, techniques and other fun stuff that I'm using on my blogs and online shops.

Farid Mheir's insight:

WHY IT MATTERS: great tools are always useful to have. Here's another list focussed on eCommerce.

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GSTKendra's curator insight, February 2, 2:31 AM
complete buisness startup kendra
Graphics Design's curator insight, February 2, 6:02 AM

Are despite everything you Confused on the choosing the best Custom Brochure Design Company ..? Kool Design Maker is a standout amongst other Brochure Design Company.

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Twitter Followers Vanish Amid Inquiries Into Fake Accounts #fakeNews #trolls #me.com

Twitter Followers Vanish Amid Inquiries Into Fake Accounts #fakeNews #trolls #me.com | Digital Transformation of Businesses | Scoop.it

Federal and state authorities are investigating the sellers of artificial followers and other fraudulent social media engagement.


Via Jessica Kelly
Farid Mheir's insight:

WHY IT MATTERS: we must remain more careful than ever regarding the explosion of "fake" social media. This article - along with another referenced in there - provides a glimpse at how huge the world of "fake" is on the Internet: fake news, fake accounts, fake reviews, etc. It raises serious questions about anonymity vs. "verified" and personally identifiable content/accounts - and the potential loss of privacy. Maybe blockchain will provide a solution to guarantee traceability to real individuals while retaining privacy? In any case, something has to happen otherwise the web and social media will soon become nothing but a polluted dump site of fake content....

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Jessica Kelly's curator insight, January 31, 2:20 PM
I'll admit, I'm enjoying this. I have never bought a follower, and I haven't lost any fake/bot followers this week. I use Twitter as a place for authentic communication and info-sharing, not self-aggrandizement or one-way broadcast. I have never followed someone unless I read their profile first, and as my account pushes close to 10K followers, I often recognize follower handles and pictures b/c I've read the bios. I make $0 for using my Twitter account, and while I sometimes think of quitting social, it's never b/c my account is just a front. I wonder if there's any hope that this purge--if it is a purge--will make Twitter feel even a tiny bit like it did in earlier days. We can hope, right?
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Top 20 R&D spenders 2017: no retailer on the list, not even Walmart #ecommerce #retailArmageddon

Top 20 R&D spenders 2017: no retailer on the list, not even Walmart #ecommerce #retailArmageddon | Digital Transformation of Businesses | Scoop.it

This statistic shows the 20 companies with the highest expenditure on research and development in 2017.

Farid Mheir's insight:

WHY IT MATTERS: one chart say it all: retailers are not equipped to fight against Amazon unless they band together and innovate.

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Google’s #AI builds its own AI child and it’s better than anything humans have made - for recognizing images

Google’s #AI builds its own AI child and it’s better than anything humans have made - for recognizing images | Digital Transformation of Businesses | Scoop.it

The child AI is really only capable of a specific task – image recognition. Using its AutoML AI, Google’s AI-building AI created its child AI using a technique called reinforcement learning. This works just like machine learning, except it’s entirely automated where AutoML acts as the neural network for its task-driven AI child.

Farid Mheir's insight:

WHY IT MATTERS: AI recent progress was made possible mostly by supervised learning: humans providing AI algorithms with the right kind of insight to understand the world. Reinforcement learning provides an enhanced level of improvement as it lets machine teach machine. This is one example. Expect more in the coming years and brace for exponential growth of this technology.

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JPMorgan's massive guide to machine learning jobs in finance: summary of a 280 page report.

JPMorgan's massive guide to machine learning jobs in finance: summary of a 280 page report. | Digital Transformation of Businesses | Scoop.it

In May, J.P. Morgan’s quantitative investing and derivatives strategy team, issued the most comprehensive report ever on big data and machine learning in financial services.
Titled, ‘Big Data and AI Strategies’ and subheaded, ‘Machine Learning and Alternative Data Approach to Investing’, the report says that machine learning will become crucial to the future functioning of markets. Analysts, portfolio managers, traders and chief investment officers all need to become familiar with machine learning techniques. If they don’t they’ll be left behind: traditional data sources like quarterly earnings and GDP figures will become increasingly irrelevant as managers using newer datasets and methods will be able to predict them in advance and to trade ahead of their release.

Farid Mheir's insight:

WHY IT MATTERS: AI will disrupt industries that had been left mostly alone by the digital Internet revolution: Finance, Accounting, Law, Medecine, etc. They are all industries that rely on visual or text analysis but require very simple processing to perform the most routine back office tasks. This report presents the impact in very detailed fashion and this summary is useful because it applies to many industries, if you adjust the terminology. It highlights one key element: learn to program and to analyze data because these are the jobs of the (near) future. For those crazy enough to read the 280 pages, here is the link: http://valuesimplex.com/articles/JPM.pdf 

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Graphics Design's curator insight, January 30, 7:51 AM

In the event that somebody says "please" and you hear "cheddar" recall that (record it). On the off chance that somebody says "entryway" and you hear "more" focus on that, don't disregard it or shut it out or accuse the speaker, simply perceive that it happened. Try not to contend with anyone or focus on their "you require a portable Hearing Aids". Watch your days concerning sound, what is the number on the TV volume control when you watch it without anyone else's input - what is the number when another person in the house is controlling

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#BigData downsides: Fitness tracking app Strava gives away location of secret US army bases #privacy #security

#BigData downsides: Fitness tracking app Strava gives away location of secret US army bases #privacy #security | Digital Transformation of Businesses | Scoop.it

Data about exercise routes shared online by soldiers can be used to pinpoint overseas facilities. Sensitive information about the location and staffing of military bases and spy outposts around the world has been revealed by a fitness tracking company.

Farid Mheir's insight:

WHY IT MATTERS: Big data and Internet of things - where every device in the world is connected - has huge potential. At the same time, this enhanced traceability has downsides for privacy and security, as evidenced by this article from The Guardian. Other similar examples in the past have highlighted the possible issues: robbers get caught by police when the photos they post of their robbery includes their GPS location, or face identification cameras in China let government track individuals as they walk the street. We will have to find a solution for this in the future.

Other articles I wrote about the strava Big Data visualization are here:

2017 dataset: http://fmcs.digital/blog/where-people-go-to-play-strava-global-heatmap-aggregates-1b-activities-and-13t-data-points-to-show-where-people-run-bike-in-the-world-bigdata-maps/ 

2015 dataset: http://fmcs.digital/blog/strava-170m-ridesruns-heatmap-shows-most-popular-bike-run-trails-of-2015-with-bigdata-gps-crowdsourcing/ 

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Ten Year Futures: a presentation on the state of technology and what's likely to happen in the next decade #AI #mobile #innovation #blockchain HT @benedictevans

Ten Year Futures: a presentation on the state of technology and what's likely to happen in the next decade #AI #mobile #innovation #blockchain HT @benedictevans | Digital Transformation of Businesses | Scoop.it

Keynote at Andreessen Horowitz's annual 'Tech Summit' conference, talking about the state of tech today and what's likely to happen in the next decade: mobile, Google / Apple / Facebook / Amazon, innovation, machine learning, autonomous cars, mixed reality and crypto-currencies.

Farid Mheir's insight:

WHY IT MATTERS: Benedict Evans from a16z always manages to summarize exactly where we are and where we are going. This presentation is a must see.

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Ryan Smith's comment, January 29, 6:44 AM
Its Exciting to experience the future.
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