WHY IT MATTERS: Digital Transformation
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Business model canvas and value proposition design are #Essential tools @Strategyzer

Business model canvas and value proposition design are #Essential tools @Strategyzer | WHY IT MATTERS: Digital Transformation | Scoop.it
  • Learn how to build business models that work, and value propositions that sell

  • Work on Business Model and Value Proposition Canvases in our app

  • Attend an in-person masterclass

  • Read our books and take your business skills to the next level

Farid Mheir's insight:

I wrote about this in the past with different reviews of the nespresso business model http://www.scoop.it/t/digital-transformation-of-businesses?q=nespresso


I've never highlighted the strategyzer business model generator and the value proposition design solutions and tools and that is a shame. I believe it to be an essential knowledge for digital transformation.


Very often we must think outside the box and contemplate changing our fundamental business model when looking in the depth of a digital transformation - think how these new companies have revolutionized their industry model : Uber, airbnb, amazon, spotify, or nespresso.


Strategyzer is the company behind 2 approaches that you must absolutely master. Go through the site and first buy the books to get started. Or listen to this video presentation that describes how to present the business model canvas:

https://www.youtube.com/watch?v=SliMK6Z2jlA

https://gallery.mailchimp.com/a03a2a576ad72cd8546455984/files/Ways_To_Present_The_BMC_Strategyzer_Webinar4.pdf


Then watch all the other video webinars. Have a great Sunday morning!

https://www.youtube.com/user/businessmodeltv

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WHY IT MATTERS: Digital Transformation
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How mall owners can boost revenues through advanced analytics via @McKinsey #bigData #advancedAnalytics

How mall owners can boost revenues through advanced analytics via @McKinsey #bigData #advancedAnalytics | WHY IT MATTERS: Digital Transformation | Scoop.it

That said, a handful of forward-thinking malls are leading the way in advanced analytics. They’re using prescriptive and predictive analytics—built into user-friendly tools with strong data-visualization capabilities—to make smarter business decisions. In this article, we home in on how malls are using advanced analytics in an especially critical part of their business: revenue management. They’re determining the best mix of stores, understanding and planning store adjacencies that drive higher consumer spending and longer mall visits, and engaging in more-informed rent negotiations with tenants. It’s paying off: malls using these tools have increased their leasing revenues by double-digit percentages.

Farid Mheir's insight:

WHY IT MATTERS: mall owners can leverage digital technologies to improve their revenues. The analysis proposed here appears straightforward and should be considered by any mall owner. I also feel it may be used by other large rental property owners such as large retail store chains or even cities that suffer from loss of physical retail revenues.

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For Owners of Amazon's Ring Security Cameras, Strangers May Have Been Watching #AI #facialRecognition #privacy

For Owners of Amazon's Ring Security Cameras, Strangers May Have Been Watching #AI #facialRecognition #privacy | WHY IT MATTERS: Digital Transformation | Scoop.it
Sources disclosed troubling privacy practices at a Ring office in Ukraine.
Farid Mheir's insight:

WHY IT MATTERS: this article explains how and why security companies must rely on humans to teach computers how to do object recognition on security camera feeds. This may lead to privacy concerns until such time that camera video feeds are encrypted and access to the data controlled. Today, neither is done.

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AI Maturity model from @Altimeter

AI Maturity model from @Altimeter | WHY IT MATTERS: Digital Transformation | Scoop.it

This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.

Farid Mheir's insight:

WHY IT MATTERS: being able to measure maturity of your organization as it relates to AI is one of the key element to start crafting a digital strategy.

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5 areas where #AI can be applied in organizations today via @Altimeter

5 areas where #AI can be applied in organizations today via @Altimeter | WHY IT MATTERS: Digital Transformation | Scoop.it

This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.

Farid Mheir's insight:

WHY IT MATTERS: AI is transformative because it can solve problems in 5 areas that were previously difficult to apply computer engineering and technologies before the advent of AI.

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The AI Maturity Playbook: Five Pillars of Enterprise Success via @Altimeter #AI

The AI Maturity Playbook: Five Pillars of Enterprise Success via @Altimeter #AI | WHY IT MATTERS: Digital Transformation | Scoop.it

This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.

Farid Mheir's insight:

WHY IT MATTERS: a great reference to understand how and where to leverage AI in organizations.

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Artificial Intelligence is the New Electricity by Andrew Ng #AI 

Former Baidu Chief Scientist, Coursera co-founder, and Stanford Adjunct Professor — gave a talk at the Stanford MSx Future Forum. During the talk, Professor Ng shared his opinion on AI. He mainly discussed how artificial intelligence (AI) is transforming industry and business.

Farid Mheir's insight:

WHY IT MATTERS: we must learn from the best. Ng is one of the best. Read, learn, apply.

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Threat Intelligence Framework and Handbook by @RecordedFuture provides amazing framework to structure your security data gathering, processing and response #CIO #cybersecurity

Threat Intelligence Framework and Handbook by @RecordedFuture provides amazing framework to structure your security data gathering, processing and response #CIO #cybersecurity | WHY IT MATTERS: Digital Transformation | Scoop.it

This infographic breaks down the chapters of our new handbook by security roles to show how each role can identify risks faster and more accurately.

Farid Mheir's insight:

WHY IT MATTERS: this book provides a wealth of insights to help your IT team craft a proper threat intelligence strategy and organization.

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4 use case for Image Recognition in Product and Shelf Monitoring and Analysis via @DZone #AI

4 use case for Image Recognition in Product and Shelf Monitoring and Analysis via @DZone #AI | WHY IT MATTERS: Digital Transformation | Scoop.it

Explore how image recognition can be implemented by retail and CPG companies, such as auditing product placement and category analysis.

Farid Mheir's insight:

WHY IT MATTERS: you will see AI enhancing tools in retail to sell better and improve margins. This article presents 4 use case already being deployed.

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The Future of Jobs Report 2018 by @WorldEconomicForum

The Future of Jobs Report 2018 by @WorldEconomicForum | WHY IT MATTERS: Digital Transformation | Scoop.it

New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in most industries and transform how and where people work.

Farid Mheir's insight:

WHY IT MATTERS: a great study on the best jobs for the future.

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Ngocminh's curator insight, January 13, 1:43 PM
Narender Jain's comment, January 13, 4:47 PM
Future Vision for Jobs worldwide
bryan castillo's curator insight, January 13, 5:24 PM
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Law is not such a great career choice anymore: This AI outperformed 20 corporate lawyers at legal work #law #jobs #career

Law is not such a great career choice anymore: This AI outperformed 20 corporate lawyers at legal work #law #jobs #career | WHY IT MATTERS: Digital Transformation | Scoop.it

A group of experienced lawyers pitted their skills and knowledge against an algorithm, and the results reveal much about how artificial intelligence is shaking up industries.

Farid Mheir's insight:

WHY IT MATTERS: if you study or practice law and plan to retire within the next 10 years, you can move on and not read this one. If you plan to keep working in the field, then you should study programming or develop some other tech skill to remain relevant in the coming years. Consider yourself warned! ;-)

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Nna Prince's curator insight, January 14, 10:14 AM
Une IA réalise un taux de réussite 94% dans l'analyse de vices cachés dans 5 accords de confidentialité différents en 26 secondes vs 85% pour les meilleurs avocats expérimentés sélectionnés en 92 minutes de moyenne. 
Selon WEF la part d'automatisation dans les tâches dites à valeur ajoutée, comme les services juridiques, pourrait dépasser les 52% d'ici à 2025.
Il va sans dire que nous vivons une période de transition dont les développements technologiques en cours devraient impacter de manière spectaculaire notre façon de travailler ou de concevoir notre avenir professionnel, ce au cours de la prochaine décennie.
Nna Prince's curator insight, January 14, 10:32 AM
Une IA réalise un taux de réussite 94% dans l'analyse de vices cachés dans 5 accords de confidentialité différents en 26 secondes vs 85% pour les meilleurs avocats expérimentés sélectionnés en 92 minutes de moyenne. Selon WEF la part d'automatisation dans les tâches dites à valeur ajoutée, comme les services juridiques, pourrait dépasser les 52% d'ici à 2025. Il va sans dire que nous vivons une période de transition dont les développements technologiques devraient impacter de manière spectaculaire notre façon de travailler ou de concevoir notre avenir professionnel, ce au cours de la toute prochaine décennie.
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One-page strategic Growth Tools Resources from @Gazelles Strategic Planning Insights #strategy #growth

One-page strategic Growth Tools Resources from @Gazelles Strategic Planning Insights #strategy #growth | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

WHY IT MATTERS: always good to leverage one-pagers when doing strategic planning...

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What’s in Store for #AR and #VR in 2019? Experts Weigh In

What’s in Store for #AR and #VR in 2019? Experts Weigh In | WHY IT MATTERS: Digital Transformation | Scoop.it

From retail to gaming, there are many exciting changes on the horizon for VR and AR, that will bring these technologies to more customers than ever before.

Farid Mheir's insight:

WHY IT MATTERS: AR potential to deliver new experiences is huge and this article explores some of them.

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The future of AR: our 2019 trend predictions via @Zappar

The future of AR: our 2019 trend predictions via @Zappar | WHY IT MATTERS: Digital Transformation | Scoop.it

Our expert predictions for the future of augmented reality in 2019. Last year we made a number of predictions about what could happen in the AR space during 2018 and as we wrap up the year, it’s time to take a look back and see which predictions did come true, which we are still anticipating, and some new predictions for the coming year!

Farid Mheir's insight:

WHY IT MATTERS: technology with the most potential to transform our lives, AR. This is where we are at and what we can expect in 2019.

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Understanding the strategic value of IT in M&A via @McKinsey #CIO #M&A #digitalTransformation

Understanding the strategic value of IT in M&A via @McKinsey #CIO #M&A #digitalTransformation | WHY IT MATTERS: Digital Transformation | Scoop.it

Many mergers don’t live up to expectations, because they stumble on the integration of technology and operations. But a well-planned strategy for IT integration can help mergers succeed.

Farid Mheir's insight:

WHY IT MATTERS: this older article from McKinsey helps highlight the importance of IT - and I would assume digital technologies if the paper was written in 2019.

More insights into a framework to leverage IT in M&A context here: https://sophisticatedfinance.typepad.com/sophisticated_finance/2011/01/it-due-diligence.html 

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Quantity or Quality: which social media strategy should you take in 2019? This guys explains what to do if you are all about quantity #socialMedia #digitalStrategy

Quantity or Quality: which social media strategy should you take in 2019? This guys explains what to do if you are all about quantity #socialMedia #digitalStrategy | WHY IT MATTERS: Digital Transformation | Scoop.it

If you are serious about growing your network, there are two clear strategies:

#1 Grow quality connections with whom you may end up doing business, or

#2 Grow as many connections as you can get, regardless of quality.

There is no correct answer. Some very influential people on LinkedIn go with #strategy1, while I prefer #strategy2.

Farid Mheir's insight:

WHY IT MATTERS: Looks like the social networks algorithm favor people with a very large audience. If you are one of those or want to become one, read this guide to understand what to do to grow to followers on LinkedIn. I assume the suggestions also work on twitter and facebook, if you are into that kind of thing.

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New year resolution: change your passwords - or better yet, start using a Password Manager via @SheHacksPurple #security #passwords #newYearResolution

New year resolution: change your passwords - or better yet, start using a Password Manager via @SheHacksPurple #security #passwords #newYearResolution | WHY IT MATTERS: Digital Transformation | Scoop.it

Passwords are awful. The software security industry expects us to remember 100+ passwords, that are complex (variations of upper & lowercase, numbers and special characters), that are supposed to be changed every 3 months, with each one being unique. Obviously this is impossible for most people, and for those whom it is possible, why would they want to waste all of that brain power on something that is, essentially, meaningless?

*** This article is for beginners in security or other IT folk, not experts.

Farid Mheir's insight:

WHY IT MATTERS: I wrote about it so much in the past but have not recently. I find new year resolution to be the best time to start good new habits. Here this article provides reasons why you should start using password manager tools, and provides a list to help you get started. Now, GO!

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theclickfit's comment, January 6, 5:22 PM
https://www.theclickfit.com/pro-testosterone/
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interest
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How enterprise architects can help ensure success with digital transformations is actually a very sad statement about the value that EA groups bring to organizations via @McKinsey HT @daniellambert07

How enterprise architects can help ensure success with digital transformations is actually a very sad statement about the value that EA groups bring to organizations via @McKinsey HT @daniellambert07 | WHY IT MATTERS: Digital Transformation | Scoop.it

Digital transformations are, by their very nature, complex. There are multiple moving parts, integrated processes and technologies, and the need for expertise that cannot already be found in the company. In most firms, however, there is a small cadre of technology professionals who can impose relative order on the proceedings. CEOs and CIOs should consider the benefits of pulling enterprise architects closer to the center: bringing them to the table with business leaders, devising metrics that reveal the value of their work, and creating the type of incentives that will challenge them and prompt them to stay for the long term. Such an approach is critical not just for limiting risk and protecting against the potential challenges and downsides of digital transformations but also for ensuring a clear upside—a close and lasting partnership between the business and IT.

Farid Mheir's insight:

WHY IT MATTERS: I've practiced enterprise architecture since I learned from the best at Capgemini back in 2003. Although the concept and the tools are great, and I use them daily, I find the EA groups in large organizations is quite shameful. This article provides insights into what EA groups can bring. If only the architects could step down from their throne to deliver something useful to their organizations, as suggested here...

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speedtrafikk's comment, January 7, 10:03 AM
excellent
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Cholis Stark's comment, January 8, 4:07 PM
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Digitized to Democratized: These Are the 6 Ds of Exponential Technologies

Digitized to Democratized: These Are the 6 Ds of Exponential Technologies | WHY IT MATTERS: Digital Transformation | Scoop.it

The secret to positively impacting the lives of millions of people is understanding and internalizing the growth cycle of digital technologies. This growth cycle takes place in six key steps, which Peter Diamandis calls the Six Ds of Exponentials: digitization, deception, disruption, demonetization, dematerialization, and democratization.

Farid Mheir's insight:

WHY IT MATTERS: a great infographics for digital transformation professionals.

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Cholis Stark's comment, January 8, 4:09 PM
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How a #driverless car sees the road can have application way beyond cars on the road @TED #video #AI

Statistically, the least reliable part of the car is ... the driver. Chris Urmson heads up Google's driverless car program, one of several efforts to remove humans from the driver's seat. He talks about where his program is right now, and shares fascinating footage that shows how the car sees the road and makes autonomous decisions about what to do next.

Farid Mheir's insight:

WHY IT MATTERS: great visual explanation of how driverless cars see the world. Applications of this technology are endless in business: self driving wheelbarrows on shop floors or construction sites, worker safety warning systems in dangerous environments, package delivery system in hospitals, etc. Content starts at 7m30s approximately

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Retailers Embrace Payment Apps to Sidestep $90 Billion in Swipe Fees via @Bloomberg

Retailers Embrace Payment Apps to Sidestep $90 Billion in Swipe Fees via @Bloomberg | WHY IT MATTERS: Digital Transformation | Scoop.it

Cumberland Farms is a prime example of this approach. Drivers who fill up at one of the privately held chain’s gas stations can save 10 cents a gallon if they sign up for its SmartPay app, which connects directly to their bank account and is much like paying utility bills or rent. The company says its users have saved more than $100 million by using the SmartPay app.

Farid Mheir's insight:

WHY IT MATTERS: the electronic payment apps can save huge amounts for retailers, and it is a loyalty card at same time. Made popular by Starbucks payment apps which now accounts for 14% of all transactions, it is a wonder why not more retailers adopt it. The reason probably is that it requires internal systems to be upgraded which is often a very difficult thing to do.

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How to setup a Facebook messenger #Chatbot by comparing 2 solution leaders (ManyChat vs. Chatfuel) shows what is possible, easy and difficult - great #showdown by @Zapier

How to setup a Facebook messenger #Chatbot by comparing 2 solution leaders (ManyChat vs. Chatfuel) shows what is possible, easy and difficult - great #showdown by @Zapier | WHY IT MATTERS: Digital Transformation | Scoop.it

Businesses are suddenly very interested in Facebook Messenger bots. And for good reason: Facebook's chat platform now supports over 1.2 billion monthly active users—and automated chatbots, like ManyChat and Chatfuel, provide a unique, interactive way of engaging with them. Chatbots let you have a conversation wit

Farid Mheir's insight:

WHY IT MATTERS: chatbots were all the rage last year, often described as a silver bullet to solve all kinds of problems easilly. Now they have become one more solution in the digital transformation arsenal, with PROs and CONs. This post describes the process to setup and configure two popular tools and in the process highlight their capabilities and shortcomings.

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What's hot in #digital #commerce by Gartner highlights unified commerce, #technology-enhanced experience, new business models, #AI and #personalization

What's hot in #digital #commerce by Gartner highlights unified commerce, #technology-enhanced experience, new business models, #AI and #personalization | WHY IT MATTERS: Digital Transformation | Scoop.it

Key Findings:

  1. A multimodal experience that incorporates conversational and visual interfaces has a bigger impact on the conversion funnel than any single mode.
  2. Unified commerce across channels and throughout the customer purchase journey offers the flexibility and consistency to deliver a superior customer experience.
  3. Business models such as subscription, thing commerce and enterprise marketplaces help organizations move toward digital business via new ways of doing business and/or facilitating digital platforms.
  4. API-oriented architecture, artificial intelligence (AI), personalization engines and product configurators are key technologies and architecture that enable compelling customer experience and digital business models.
Farid Mheir's insight:

WHY IT MATTERS: always good to know when looking ahead to the year to come, planning digital budgets and strategy.

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An Interactive Map Shows Just How Many Roads Actually Lead to Rome - and there is great #digital #technology behind it - Thanks @VKassardjian for the find!

An Interactive Map Shows Just How Many Roads Actually Lead to Rome - and there is great #digital #technology behind it - Thanks @VKassardjian for the find! | WHY IT MATTERS: Digital Transformation | Scoop.it

An interactive map proves indeed that All roads lead to Rome.

Farid Mheir's insight:

WHY IT MATTERS: it doesn't really matter but it is a great example of what you can do with digital tools... and too many hours on you hands! Joking aside, when concerned about mobility and transformation of cities, this may actually be a useful tool.

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The Hit Charade: the challenge of using #AI to create song playlists

The Hit Charade: the challenge of using #AI to create song playlists | WHY IT MATTERS: Digital Transformation | Scoop.it

An algorithm might create a playlist you enjoy, but don’t mistake that for creativity.

Farid Mheir's insight:

WHY IT MATTERS: the article explains quite well the challenge to building song playlists and why you often feel that your "discovery" lists on spotify fail to have you discover anything really "new", as opposed to when humans are creating the lists...

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Laura Féron's curator insight, December 29, 2018 4:47 PM

WHY IT MATTERS: the article explains quite well the challenge to building song playlists and why you often feel that your "discovery" lists on spotify fail to have you discover anything really "new", as opposed to when humans are creating the lists...

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Top Shopping Trends Of 2018: Retail Experts Share What To Watch For Next Year

Top Shopping Trends Of 2018: Retail Experts Share What To Watch For Next Year | WHY IT MATTERS: Digital Transformation | Scoop.it

The Forbes.com retail contributor team shares predictions for the greatest challenges and opportunities in the retail space next year. "Retail success in 2018 will be about how well retailers adapt to the changing market around them. Evolving well will be the key to success," says Rupa Ganatra.

Farid Mheir's insight:

WHY IT MATTERS: looking back over this year, they were right: technology has had a huge impact on retail in 2018.

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Laura Féron's curator insight, December 29, 2018 4:55 PM

WHY IT MATTERS: looking back over this year, they were right: technology has had a huge impact on retail in 2018.

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