WHY IT MATTERS: Digital Transformation
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10 urgent actions to take #today to remain in control of your digital life @fmheir #PrivacyAware 

10 urgent actions to take #today to remain in control of your digital life @fmheir #PrivacyAware  | WHY IT MATTERS: Digital Transformation | Scoop.it

In this post I share 10 urgent actions that must be taken immediately to manage, secure and protect your digital-moi.

Digital-moi is a unique concept that I have developed since 2013, centered on the impact that digital technologies have on our lives and the need to protect our digital self. Read more about it in this introduction post “We all have a digital twin“. This post is a complement to the conference “digital-moi.com: how to manage and protect your digital self“.

Farid Mheir's insight:

This is Data Privacy Weekend and I recommend you take time this Sunday morning to read through the actions in this blog post and put at least once in practice right now - my recommendation is #4

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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/
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New technologies like #AI and #blockchain are so early that it remains relatively easy to enter the field as is described here in "The cold start problem: how to build your machine learning portfol...

New technologies like #AI and #blockchain are so early that it remains relatively easy to enter the field as is described here in "The cold start problem: how to build your machine learning portfol... | WHY IT MATTERS: Digital Transformation | Scoop.it

What Ron and Alex did might might seem like too much work, but really, it isn’t much more than you’d be expected to do in a real job. And that’s the whole point: when you don’t have work experience doing X, hiring managers will look for things you’ve done that simulate work experience doing X.
Fortunately you only need to do build a project at this level once or twice — Ron and Alex’s projects got reused over and over for all their interviews.
So if I had to summarize the secret to a great ML project in one sentence, it would be: Build a project with an interesting dataset that took obvious effort to collect, and make it as visually impactful as possible.

Farid Mheir's insight:

WHY IT MATTERS: AI, blockchain, IOT are still early enough in their lifespan that it is easy for anyone to get in, given that they have the interest and willingness to learn. This article describes 2 students, Ron and Alex, got into AI. It reminds me very much of the early Internet years. So get in, now, while it is still relatively easy.

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Digital transformation remains technology-driven with lots of efforts invested in repaying technical debt says @Altimeter "State of Digital Transformation" 2019 annual update #sad #whenWillWeLearn ...

Digital transformation remains technology-driven with lots of efforts invested in repaying technical debt says @Altimeter "State of Digital Transformation" 2019 annual update #sad #whenWillWeLearn ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Digital transformation is a long game. At the same time, it has to start somewhere. Over the years, the biggest digital transformation priority for companies has continued to be the customer experience. That work is aimed at fixing and modernizing the customer journey. Once this happens, digital transformation tackles more sweeping efforts that involve multiple groups. This is why the organizations who are further along the six stages of digital transformation develop customer-centered roadmaps and then divide and conquer against those initiatives across the enterprise.

Farid Mheir's insight:

WHY IT MATTERS: this annual survey let's corporation compare their digital transformation efforts to others. Unfortunately it seems that digital still equals technology for many, even though the main recommendations of leaders in the field remain focussed on people and process. Oh well...

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Digital transformation remains technology-driven and it is surprising to see #cloudComputing still at the top of @Altimeter "State of Digital Transformation" 2019 annual update #sad #whenWillWeLear...

Digital transformation remains technology-driven and it is surprising to see #cloudComputing still at the top of @Altimeter "State of Digital Transformation" 2019 annual update #sad #whenWillWeLear... | WHY IT MATTERS: Digital Transformation | Scoop.it

Digital transformation was initially intended to modernize technological infrastructure, migrating costly, dated, and complicated hardware and software solutions to more agile and scalable cloud and mobile platforms. But since the early days of digital transformation, the speed of technology innovation has only increased. Now the digital in digital transformation has to keep up with all relevant technology trends as they represent disruptive threats and competitive opportunities. This is likely a key driver of 2018’s dramatic rise of substantial digital transformation budgets.

Farid Mheir's insight:

WHY IT MATTERS: this annual survey let's corporation compare their digital transformation efforts to others. Unfortunately it seems that digital still equals technology for many, even though the main recommendations of leaders in the field remain focussed on people and process. Oh well...

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Let's put #AI in perspective and consider how long it will take for AI to Exceed Human Performance - expert predictions vary widely & yet the impact within 10 to 25 years (our lifetime for sure) ar...

Let's put #AI in perspective and consider how long it will take for AI to Exceed Human Performance - expert predictions vary widely & yet the impact within 10 to 25 years (our lifetime for sure) ar... | WHY IT MATTERS: Digital Transformation | Scoop.it

The experts predict that AI will outperform humans in the next 10 years in tasks such as translating languages (by 2024), writing high school essays (by 2026), and driving trucks (by 2027).
But many other tasks will take much longer for machines to master. AI won’t be better than humans at working in retail until 2031, able to write a bestselling book until 2049, or capable of working as a surgeon until 2053.

Farid Mheir's insight:

WHY IT MATTERS: we hear too much about AI with many experts fighting hard to make the difference between AI, machine learning and deep learning. My summary is that AI is a long way in the future but that machine learning impacts will be well within my lifetime - 10 to 25 years from now. This is what I prepare my customers for in my strategic plans.

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"The Problem with Programming", an @MIT interview with Bjarne Stroustrup, the inventor of the C++ programming language, defends his legacy and examines what’s wrong with most software code #forGeeks

"The Problem with Programming", an @MIT interview with Bjarne Stroustrup, the inventor of the C++ programming language, defends his legacy and examines what’s wrong with most software code #forGeeks | WHY IT MATTERS: Digital Transformation | Scoop.it

Bjarne Stroustrup, the inventor of the C++ programming language, defends his legacy and examines what’s wrong with most software code.

Farid Mheir's insight:

WHY IT MATTERS: and old interview that remains as relevant today as it was 10 years ago. We cannot just plug frameworks and libraries together and expect our systems to behave in a predictable manner and evolve gracefully over time...

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Please read and sign The Montreal Declaration Responsible AI #AI #Montreal

Please read and sign The Montreal Declaration Responsible AI #AI #Montreal | WHY IT MATTERS: Digital Transformation | Scoop.it

The Montreal Declaration for responsible AI development has three main objectives:​

1. Develop an ethical framework for the development and deployment of AI;

2. Guide the digital transition so everyone benefits from this technological revolution;

3. Open a national and international forum for discussion to collectively achieve equitable, inclusive, and ecologically sustainable AI development.

Farid Mheir's insight:

WHY IT MATTERS: everyone needs to be aware of the potential downsides of AI and actively participate to do good in the field. Plus it is a declaration that was drafted and released in Montreal, so #proudToPromote!

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Use case driven software product selection is the only way to go today - @RealStoryGroup provides a list of Business Use Cases to Evaluate Customer Data Platforms #CDP #softwareSelection #RFP

Use case driven software product selection is the only way to go today - @RealStoryGroup provides a list of Business Use Cases to Evaluate Customer Data Platforms #CDP #softwareSelection #RFP | WHY IT MATTERS: Digital Transformation | Scoop.it

When comparing or evaluating Customer Data Platforms, people tend to default to feature comparisons. This seems logical, but can risk missing the business forest for the technical trees.

Farid Mheir's insight:

WHY IT MATTERS: product selection is very complex these days and should never be done only on the basis of a list of features but rather based on a carefully crafted set of business use cases that represent your specific business realities including processes, technologies and customer requests. This article provides an example of such use cases in the context of CDP product selection.

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You must mention #AI in your earnings call otherwise you maybe seen as missing the boat - and do not mention Big Data or Cloud otherwise you will really show how far behind you really are #boardroo...

You must mention #AI in your earnings call otherwise you maybe seen as missing the boat - and do not mention Big Data or Cloud otherwise you will really show how far behind you really are #boardroo... | WHY IT MATTERS: Digital Transformation | Scoop.it

The graphs below show Artificial intelligence (AI) and Machine learning (ML) mentions in company earnings calls, by industry. The graph shows Artificial intelligence mentions by industries other than IT. Big data and Cloud mentions are added to put AI / ML mentions in perspective. This analysis uses only companies publicly traded on the New York Stock Exchange.

Farid Mheir's insight:

WHY IT MATTERS: digital technology is something that executives at the highest level must master. The AI report shows how often certain words are uttered in earnings calls of public corporations and it shows what is trendy: AI and machine learning. Big data and cloud are not. What does this mean: if you are not deploying actively big data and cloud solutions, you re behind. If you are not piloting AI or ML projects, then your investors will see you are behind the times and missing out.

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VC funding for U.S. AI startups increased 4.5x from 2013 to 2017 - Looks like your new startup must be #AI related if you want funding via AI Index

VC funding for U.S. AI startups increased 4.5x from 2013 to 2017 - Looks like your new startup must be #AI related if you want funding via AI Index | WHY IT MATTERS: Digital Transformation | Scoop.it

From 2013 to 2017, AI VC funding increased 4.5x while all VC funding increased 2.08x. The 1997 — 2000 boom in all VC funding can be explained by the dot-com bubble. The smaller booms in 2014 and 2015 reflect a period of relatively large economic growth.

Farid Mheir's insight:

WHY IT MATTERS: everybody knows that AI is the new darling for startups but seing it in a chart is quite impressive!

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AI Index is a starting point for informed conversations about progress in #artificialIntelligence, broken into 4 sections & documents the recent frenzy: Volume of Activity, Technical Performance, D...

AI Index is a starting point for informed conversations about progress in #artificialIntelligence, broken into 4 sections & documents the recent frenzy: Volume of Activity, Technical Performance, D... | WHY IT MATTERS: Digital Transformation | Scoop.it

The AI Index is an open, not-for-profit project to track activity and progress in AI. Our Mission is to ground the conversation about AI in data.
The AI Index is an effort to track, collate, distill, and visualize data
relating to artificial intelligence. It aspires to be a comprehensive
resource of data and analysis for policymakers, researchers,
executives, journalists, and the general public to develop intuitions
about the complex field of AI.

Farid Mheir's insight:

WHY IT MATTERS: this reports helps understand where we stand regarding AI. As I read this report and others I realize how much effort is being devoted to AI yet how much work and road still lies ahead.

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Innovation Insight for Event Brokers via @Gartner #SOA #ESB #eventDrivenArchitecture

Innovation Insight for Event Brokers via @Gartner #SOA #ESB #eventDrivenArchitecture | WHY IT MATTERS: Digital Transformation | Scoop.it

Application leaders engaged in digital transformation must include event-driven computing in their portfolio of skills and technology, including the key related responsibilities for event brokering and event stream analytics.

Farid Mheir's insight:

WHY IT MATTERS: future architecture are event-driven. Here is Gartner's take on the matter.

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leogeorge's comment, February 12, 9:04 AM
really informative
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New York Retail Innovation Guide is a concentrated inventory of the leading retail stores concepts, experiences & technologies via @PSFK HT @SeanMoffitt

New York Retail Innovation Guide is a concentrated inventory of the leading retail stores concepts, experiences & technologies via @PSFK HT @SeanMoffitt | WHY IT MATTERS: Digital Transformation | Scoop.it

This guide has been developed by leading retail intelligence platform PSFK. Researchers from PSFK and the Paris School of Luxury surveyed New York City’s retail landscape to identify signs of innovation that connect with global customer experience trends. The quotes from shoppers, experts and retailers have been sourced by the researchers.

Farid Mheir's insight:

WHY IT MATTERS: on the heals of NRF2019, this report highlights some of the new concepts, experiences and technologies that are fast becoming essential for physical retail survival. For my french-speaking readers I encourage you to look at Nathalie's Innocenti 3min video summary of the NRF store visits we have done together: https://www.youtube.com/watch?v=PNEL9RtjbFc 

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China is the new leader in #retail #innovation with Alibaba's "New Retail" that shows grocery stores that feel like restaurants, small local boutique that get a facelift paid for by Alibaba #video

Online or offline: These cannot be the only options for consumers. See how Alibaba is transforming traditional retail with a complete digitization of commerce.

Farid Mheir's insight:

WHY IT MATTERS: watch this short video to see what Alibaba is doing to transform the retail experience, the retail stores and truly create an omni-channel experience. Can this model be applied in North America or Europe remains to be seen but it certainly raises some very interesting options for what the future of retail will look like: try things, get service and counsel, then buy everything online and get it to your home in 30 minutes.

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2018 Year-End Review of #retail technology #innovations, retailers that innovate (Amazon Walmart Alibaba Facebook ...)- it paints a picture of experimentation & exploration of what's possible with ...

2018 Year-End Review of #retail technology #innovations, retailers that innovate (Amazon Walmart Alibaba Facebook ...)- it paints a picture of experimentation & exploration of what's possible with ... | WHY IT MATTERS: Digital Transformation | Scoop.it

2018 was one of the best retail years on record, writes Chris Walton, and so it is only fitting to celebrate the highs and lows from the past year.

Farid Mheir's insight:

WHY IT MATTERS: retail is embracing digital disruption and as is often the case innovation tends to be all over the place. This article is great review of what's been done during the year and exposes how far ahead China is in this retail innovation quest...

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5 Traits of a Good Delivery Pipeline is a good summary of the importance of #automation and process for #software deployment in production

5 Traits of a Good Delivery Pipeline is a good summary of the importance of #automation and process for #software deployment in production | WHY IT MATTERS: Digital Transformation | Scoop.it

Continuous Delivery provides great benefits not only for the team developing the software, by increasing their confidence, but also for the product team, since the delivery of new features becomes a pure business decision.

Farid Mheir's insight:

WHY IT MATTERS: this is part of a short series on evolutionary architectures which discuss new approaches regarding software architecture that integrate the concept of architecture validation during the build and deployment process, much akin to what is being done with TDD to validate the functional requirements are met. This remains complex to implement IMHO but nevertheless has the merit to address a real problem with architecture, that is their lack of enforcement. Geeks, read it! Others, well, you might find this a bit obtuse... ;-)

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Neal Ford #podcast on evolutionary architecture, a summary of his recent book #mustListen #forGeeks #softwareArchitecture #enterpriseArchitecture

Neal Ford #podcast on evolutionary architecture, a summary of his recent book #mustListen #forGeeks #softwareArchitecture #enterpriseArchitecture | WHY IT MATTERS: Digital Transformation | Scoop.it

The O’Reilly Programming Podcast: Building an architecture that can adapt to change.

  • Software architecture’s increasing popularity over the last few years; Ford says that “companies such as Netflix and Amazon showed that if you do software architecture really well, you build a competitive advantage over everybody else.”
  • The non-functional requirements and soft skills needed to successfully implement software architecture.
  • How evolutionary architecture enables you to adapt to the future rather than predict it; Ford notes the pitfalls of “trying to do predictive planning against an incredibly dynamic ecosystem.”
  • Why guided change and incremental change are the two characteristics of an evolutionary architecture.
  • The difference between evolutionary and adaptive systems.
Farid Mheir's insight:

WHY IT MATTERS: this is part of a short series on evolutionary architectures which discuss new approaches regarding software architecture that integrate the concept of architecture validation during the build and deployment process, much akin to what is being done with TDD to validate the functional requirements are met. This remains complex to implement IMHO but nevertheless has the merit to address a real problem with architecture, that is their lack of enforcement. Geeks, read it! Others, well, you might find this a bit obtuse... ;-)

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How Google approaches SEO provides amazing insights from the best - because "Google is King"

How Google approaches SEO provides amazing insights from the best - because "Google is King" | WHY IT MATTERS: Digital Transformation | Scoop.it

Google owns thousands of websites. We don’t always get search engine optimization (SEO) right, but have discovered 3 things to help with your website SEO.

To really get the most out of SEO, though, it’s important to stay on top of the latest Google Search updates. That’s no different for us internally. We at Google own 7,000 websites that are managed by hundreds of product and marketing teams all over the world. Over 200 changes are made to these websites every single day, all of which could potentially affect a site’s SEO. When it comes to how Google sites appear in Search, they receive the same treatment as any other site on the web, and our teams follow the same external guidelines provided to webmasters.

Farid Mheir's insight:

WHY IT MATTERS: pretty basic considerations about digital transformation is that "Google is King" and thus your website / mobile app / ecommerce must all rank high in google searches. This guide provides insights from the best!

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Decodificadores's comment, February 9, 1:18 PM
thank you for the information, deluxe.
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Natural language generation becomes a must-have for BI in 2019 as evidenced by this recent @ForresterWave report - it also makes #AI easier to integrate into real world applications with minimal te...

Natural language generation becomes a must-have for BI in 2019 as evidenced by this recent @ForresterWave report - it also makes #AI easier to integrate into real world applications with minimal te... | WHY IT MATTERS: Digital Transformation | Scoop.it

Automated Insights helps organizations make better business decisions, faster. By empowering data-driven organizations with their proprietary natural language generation (NLG) platform, Wordsmith, businesses are able to deliver the right insight, to the right person, at the right time and in the easiest-to-understand medium—the written word. Wordsmith makes exploring, discovering, and communicating insights easier than ever before.

Farid Mheir's insight:

WHY IT MATTERS: AI is becoming easier to use in real world applications, as evidenced by this recent forrester wave. It positions a number of tools for natural language generation to help with creation of analytics reports that present results in textual format instead of numbers and charts as is often the case with report generators. Good to know. 

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Artificial Intelligence: Current & Future Paradigms and Implications #video will help non technical audience grasp where #AI is today & where is going tomorrow #mustListen @StanfordOnline HT to @fu...

Artificial intelligence has advanced rapidly in the last five years. This talk intends to provide high-level answers to questions like:
What can the evolution of intelligence in the animal kingdom teach us about the evolution of AI?
How should people who are not AI researchers view the societal transformation that is now underway? What are some of the social, economic, and political implications of this technology as it exists now?
What will future AI systems likely be capable of, and what are the largest expected impacts of these systems?
The talk will be understandable for non-computer scientists.

Farid Mheir's insight:

WHY IT MATTERS: a great video to kickoff a weekend catchup on important concepts. This guy is amazing for his grasp on AI, and his ability to explain and illustrate complex concepts. Beware: some of the questions are nit-picking on subjects outside the talk and you will appreciate as I did the patience of the speaker to listen and answer those. Bravo!

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emily madison's comment, February 5, 5:11 AM
http://wepop.in
Decodificadores's curator insight, February 9, 1:10 PM
I really liked it.
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90% of cyber-attacks start with email: email security solutions to improve - @Gartner differentiates the 3 forms of phishing attacks and describes solutions that include #technology as well as huma...

90% of cyber-attacks start with email: email security solutions to improve - @Gartner differentiates the 3 forms of phishing attacks and describes solutions that include #technology as well as huma... | WHY IT MATTERS: Digital Transformation | Scoop.it

Phishing attacks are increasingly using impersonation to bypass traditional defense mechanisms. Weak sender identification will continue to present opportunities for creative attacks. Security and risk management leaders should use this research to adjust their strategy and business processes.
Key Challenges
Phishing attacks are still increasing as a targeting method of attackers. Phishing attacks targeting credentials will continue to escalate as applications and data migrate to better-protected cloud providers.
Email is not designed to truly authenticate sender identity. Efforts like DMARC to authenticate domains are not granular enough to authenticate users and do not address all attack types.
Most implemented secure email gateways (SEGs) are not designed with post-delivery detection and remediation techniques, costing incident responder and email admin time and reducing the feedback loop from end users.
User phishing education is a good start toward people-centric security, but current email security does not provide users with any indicators of the trust they can put in emails or the proper workflow for dealing with suspect emails.
Recommendations
Security and risk management leaders responsible for endpoint and mobile security should:
Upgrade secure email gateway solutions to cloud versions that include phishing protection, particularly for impostor or business email compromise (BEC) protection.
Integrate employees into the solution and build capabilities to detect and respond to suspect attacks.
Work with business managers to develop standard operating procedures for handling sensitive data and financial transactions.
Strategic Planning Assumptions
By 2023, sender identity verification will be a common critical component on secure email gateways and other anti-phishing solutions.
By 2023, anti-phishing education will be a critical part of the feedback loop between end users and email security solutions.
Through 2023, business compromise attacks will be persistent and evasive, leading to large financial fraud losses for enterprises and data breaches for healthcare and government organizations.

Farid Mheir's insight:

WHY IT MATTERS: we often forget that it is the simple things that make us vulnerable. Security remains a key challenge with any digital transformation and this report can help identify solutions.

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Don Sadiri Daquitan Quia-eo's curator insight, February 20, 8:09 PM
Phishing is a crime (cybercrime) where the criminals poses as someone. They would somehow create a poser account or they would create a fake website where the victims would log in and then their account would immediately appear to the criminals. Financial loss and stealing of other important documents or things are often the outcome of phishing crime. So, in order to avoid these incidents we need to check everything twice or thrice. For example, check the url of the website if it is legitimate like there would be "www" and "https", it means that the site you are using is SECURED.
Honnie Faith Balingway II's curator insight, February 20, 10:03 PM
(My knowledge about computer networking basics)

From my knowledge, Computer networking is part of my knowledge as an i.c.t student and i konw that computer networking is as a group of two or more computer systems or other devices that are linked together to exchange data.

There are many types of computer networks. Common types of networks include the following:

The Local Area Network, Wide-area network, Metropolitan-area network,Home-area network, Virtual private network and Storage area network.
Networks share common devices and functions, such as servers, transmission media (the cabling used to connect the network) clients, shared data (e.g. files and email), network cards, printers and other peripheral devices.
And  an important relationship on networks is that of the server and the client. 
Edward Dimaden's curator insight, February 21, 2:16 AM
their are many things in this world that they going to attacks some person for block mail and this issue is gonna be stop 
we us young people start to defense this issue, we united as one so stop cyber-attacks.
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Gartner predictions for 2019 on commerce provides a great set of insights and information #retail #ecommerce #mobile #AI

Gartner predictions for 2019 on commerce provides a great set of insights and information #retail #ecommerce #mobile #AI | WHY IT MATTERS: Digital Transformation | Scoop.it

Key Findings

  1. Digital commerce innovators are moving beyond the traditional commerce site, and even mobile, to focus on emerging channels such as conversational interfaces.
  2. New business models, such as subscription-based ordering and enterprise marketplaces, enable sellers to generate new revenue streams and focus on customer outcomes.
  3. AI is playing a big role in digital commerce, improving customer experience, increasing revenue, reducing costs, and driving double-digit improvement in related metrics.
  4. Customer-facing features continue to be the primary selection criteria for commerce platforms. However, agility, ease of deployment, flexibility to update content and deliver new features, and ability to scale are also crucial aspects of a commerce ecosystem.
Farid Mheir's insight:

WHY IT MATTERS: great analysis but as with every predictions, take with grain of salt... ;-)

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eCommerce changes the way warehouses operate: this white paper explains how to go from inefficient discrete picking systems to pocket #technology and high density storage #ecommerce

eCommerce changes the way warehouses operate: this white paper explains how to go from inefficient discrete picking systems to pocket #technology and high density storage #ecommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

This white paper explores the limitations of current e-commerce and omni-channel distribution and order fulfillment systems. In addition, it takes an in-depth look at how to evaluate various logistics concepts coupled with real-life application challenges and introduces NextGen automated handling systems and companion software. This white paper does so with the concept of stocking 1 million SKUs and moving them at rates of 1 million units per day with just 1-hour lead time and minimal labor requirements.

Farid Mheir's insight:

WHY IT MATTERS: order fulfillment is an essential component of ecommerce digital transformation and there are solutions to reconfigure existing warehouses to improve picking efficiency and maximise storage space.

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eGrimesDirect's curator insight, January 31, 9:12 AM

eCommerce changes the way warehouses operate!

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Grocers have to grow up and embrace agile approaches to stay relevant via @McKinsey

Grocers have to grow up and embrace agile approaches to stay relevant via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Speed is critical, which means grocers must jettison their traditional—and slow—approach to implementing new initiatives. They should instead take an agile approach using “concept sprints.” Characterized by quick decision making, a focus on tangible outcomes, constant customer validation, colocated and multidisciplinary teams, rapid iteration, and careful attention to internal capability building, concept sprints can reduce time-to-market from four to six months to just four weeks.

Exhibit 5 shows how concept sprints can be used across the organization to accelerate the launch of high-priority initiatives. Leading retailers have used such an approach to introduce new in-store digital solutions, refine picking algorithms in warehouses, or develop new products.

Farid Mheir's insight:

WHY IT MATTERS: agile approach is getting into every industries and organizations, even prehistoric ones like grocery!

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Grocery industry may provide the blueprint for store of the store as eCommerce makes the store size shrinl via @McKinsey

Grocery industry may provide the blueprint for store of the store as eCommerce makes the store size shrinl via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Retailers can address overcapacity in their portfolio in several ways (Exhibit 4). Options include reinvigorating core categories within a store, repurposing certain areas of the store, renting out space to other businesses, right-sizing the store, removing it from the network entirely, or redeveloping it as a mixed-use property, perhaps with residential space—an especially palatable solution in regions with housing shortages.

Farid Mheir's insight:

WHY IT MATTERS: as eCommerce gains traction, retail space needs to shrink and retailers have to consider options for their existing space. McKenzie provides some options here.

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An agile digital strategy is essential to succeed & requires faster decisions + less bureaucracy - recent study shows that digital leaders are more profitable via @McKinsey

An agile digital strategy is essential to succeed & requires faster decisions + less bureaucracy - recent study shows that digital leaders are more profitable via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

One of the biggest factors that differentiate the top economic performers from others is how quick and adaptable they are in setting, executing, and adjusting their digital strategies—in other words, the velocity and adaptability of their operating models for digital strategy. Both are necessary for companies to achieve first-mover (or very-fast-follower) status, which we know to be a source of significant economic advantage. So how do they do it? We looked at the frequency with which companies follow 11 operational practices of digital strategy. With the exception of M&A—which typically requires a much longer time frame than the other ten, often due to regulatory reasons—respondents in the top revenue decile say their companies carry out each one more frequently than their peers (Exhibit 1). The link between frequency and performance also holds up when looking at earnings before interest and taxes (EBIT).

Farid Mheir's insight:

WHY IT MATTERS: McKinsey has been showing a direct correlation between digital leaders and financial success on every levels (profitability, earnings, share price) since at least 2011 and the days of social media and enterprise 2.0. This study is great as it provides recommendations on how to become a better digital organization.

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emily madison's comment, February 5, 5:12 AM
http://wepop.in
Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/