WHY IT MATTERS: Digital Transformation
214.9K views | +0 today
Follow
WHY IT MATTERS: Digital Transformation
Get weekly or monthly digest of all posts in your inbox: https://fmcs.digital/wim-subscribe
Curated by Farid Mheir
Your new post is loading...

Popular Tags for this blog

Current selected tags: 'AI', 'Big Data', 'Strategy'. Clear
Scooped by Farid Mheir
Scoop.it!

#BI tools and #technologies all must include #AI to remain relevant in the future via @Eckerson @TDWI Checklist Report

#BI tools and #technologies all must include #AI to remain relevant in the future via @Eckerson @TDWI Checklist Report | WHY IT MATTERS: Digital Transformation | Scoop.it

In this report, TDWI uncovers deeper insights that give users new perspectives on business questions. AI will transform BI and the way people make decisions and act. Rather than start with a hypothesis, data analysts will begin with an AI-driven insight. Instead of querying data to prove or disprove their hypothesis, users will query data to expand or validate a machine-generated insight or recommendation—or they might act on the AI-based insight at face value. But to get to that point, AI-infused BI tools will need to gain people's trust by consistently delivering accurate, relevant, and transparent insights within the context of a business user’s existing workflow.
In the future, AI-infused BI tools will go beyond just surfacing insights; they will recommend ways to address or fix issues, run simulations to optimize processes, create new performance targets based on forecasts, and take action automatically. And yes, machines will make some decisions for us—especially operational decisions in real-time environments. We see this today with fraud detection and online trading systems, but it will become more pervasive.

Farid Mheir's insight:

WHY IT MATTERS: an interesting report that puts artificial intelligence (AI) tools as tools to augment Business Intelligence (BI) and evolve the field beyond analytics into prediction. Also provide some good reference diagrams as this one.

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

AI is the new BI via @Eckerson @TDWI Checklist Report

AI is the new BI via @Eckerson @TDWI Checklist Report | WHY IT MATTERS: Digital Transformation | Scoop.it

In this report, TDWI uncovers deeper insights that give users new perspectives on business questions. AI will transform BI and the way people make decisions and act. Rather than start with a hypothesis, data analysts will begin with an AI-driven insight. Instead of querying data to prove or disprove their hypothesis, users will query data to expand or validate a machine-generated insight or recommendation—or they might act on the AI-based insight at face value. But to get to that point, AI-infused BI tools will need to gain people's trust by consistently delivering accurate, relevant, and transparent insights within the context of a business user’s existing workflow.
In the future, AI-infused BI tools will go beyond just surfacing insights; they will recommend ways to address or fix issues, run simulations to optimize processes, create new performance targets based on forecasts, and take action automatically. And yes, machines will make some decisions for us—especially operational decisions in real-time environments. We see this today with fraud detection and online trading systems, but it will become more pervasive.

Farid Mheir's insight:

WHY IT MATTERS: an interesting report that puts artificial intelligence (AI) tools as tools to augment Business Intelligence (BI) and evolve the field beyond analytics into prediction. Also provide some good reference diagrams as this one.

Hamza Yousaf's comment, April 6, 2019 4:21 PM
The New Gadgets of 2019 has been launched, These amazing features and stylish Gadgets is becoming famous in 2019 & ahead.
https://bit.ly/2VrK8I3
Scooped by Farid Mheir
Scoop.it!

Tell your kids to stay in school: If you work with your hands, #AI, #automation, and #BigData are not good news according to @McKinsey #Tech4Good

Tell your kids to stay in school: If you work with your hands, #AI, #automation, and #BigData are not good news according to @McKinsey #Tech4Good | WHY IT MATTERS: Digital Transformation | Scoop.it

Workplaces and workflows will change as more people work alongside machines

Farid Mheir's insight:

WHY IT MATTERS: if you have kids, show them this then encourage them to study!

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

Retailers that do not believe #AI and #BigData is top priority today may suffer via @McKinsey

Retailers that do not believe #AI and #BigData is top priority today may suffer via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

As machines increasingly complement human labor in the workplace, we will all need to adjust to reap the benefits.

Farid Mheir's insight:

WHY IT MATTERS: watch out for AI to revolutionize the retail industry - and many others.

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

Email this to your CEO with subject "URGENT" & ask what they are doing about this today? - Why digital transformation is now on the CEO’s shoulders via @McKinsey

Email this to your CEO with subject "URGENT" & ask what they are doing about this today? - Why digital transformation is now on the CEO’s shoulders via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

...it forces CEOs to rethink how companies execute, with new business processes, management practices, and information systems, as well as everything about the nature of customer relationships. I’m seeing leaders who get this. They’re all over it: they want to launch five transformation initiatives right now; they’re talking to me and every digital leader they know about where the technology threats are coming from; and they’re hiring the best people to advise them. Yet I’m shocked by—even fearful for—the many CEOs I know who seem to be asleep at the switch.

Farid Mheir's insight:

WHY IT MATTERS: digital transforms every single business functions in the organizations. But unlike previous eras such as the Internet, this may be existential for many organizations. Thomas Siebel makes a very compelling arguments to get going big and hire great partners and consultants - think of me when you do! ;-)

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

LinkedIn’s 2017 U.S. Emerging #Jobs Report concludes that technology skills and soft skills are key for today's job market

LinkedIn’s 2017 U.S. Emerging #Jobs Report concludes that technology skills and soft skills are key for today's job market | WHY IT MATTERS: Digital Transformation | Scoop.it

It may come as no surprise that technology-centric roles stole the show among emerging jobs in the United States, but the prevalence of machine learning and data science roles and skills indicate a shift in the types of technology we can expect to be using in the near future, as well as what professionals should be preparing themselves for.

Having an academic background and a comprehensive suite of skills were also strong trends, especially among professionals who are now machine learning engineers and data scientists. Both of these roles are also often held by professionals with 10 years or more of professional experience, so for those just starting out and having trouble landing one of these titles, don’t be discouraged!

It’s always a good reminder that soft skills will always be important, no matter the profession. The ability to collaborate, be a leader, and learn from colleagues will stand out in interviews, and even more once starting a job.

Farid Mheir's insight:

WHY IT MATTERS: the conclusion of the study is simple: go to University and study something related to technology. Simple, no?

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

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef  #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst | WHY IT MATTERS: Digital Transformation | Scoop.it

Disruptive technologies are transforming all end-to-end steps in production and business models in most sectors of the economy. The products that consumers demand, factory processes and footprints, and the management of global supply chains are being re-shaped to an unprecedented degree and at unprecedented pace. Industry leaders who were consulted believe that new technological solutions heralded by the Fourth Industrial Revolution – such as advanced robotics, autonomous systems and additive manufacturing – will revolutionize traditional ways of creating value. As the costs of deploying technology continue to fall, international differentials in labour costs will no longer be a decisive factor in choosing the location of production.

The resulting greater spatial and temporal flexibility brought about by technology will bring locations of production and sale closer together, and drive major changes in the design of future value and supply chains. These trends will change the shape and form of globalization, and thereby impact the trajectory of goods. Regional and local flows will become more important, to the detriment of intercontinental trade.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum keeps putting out great reports on the impact of digital transformation. I love the illustrations, great summary of key trends and their adoption. Must read.

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

Navigating a World of Digital Disruption via @BCG

Navigating a World of Digital Disruption via @BCG | WHY IT MATTERS: Digital Transformation | Scoop.it

So leaders need to focus on asymmetrical rivals and unlikely allies, on hackers and hobbyists, on rooftop solar panels and 3-D printers. They must also adapt their strategies to the possibility of shared infrastructure, to data that wants to be big, to the implacable embrace-and-extend bear hug of Google and Amazon and the National Security Agency. Conventional business models may be simultaneously too big and too small. How should executives respond? Here are the four major drivers of the new industrial architecture and the key strategic imperatives for companies.

Farid Mheir's insight:

WHY IT MATTERS: in this article BCG explores the underlying elements that should drive digital transformation in organizations. Not for the faint at heart.

Ian Harris's curator insight, December 9, 2017 5:23 PM

Brain fodder for business leaders!

Scooped by Farid Mheir
Scoop.it!

TechnoVision highlights 37 technologies that disrupt via @Capgemini

TechnoVision highlights 37 technologies that disrupt via @Capgemini | WHY IT MATTERS: Digital Transformation | Scoop.it

Capgemini’s 2017 Edition of TechnoVision presents 37 compelling technology trend building blocks of inspiring, challenging, and disruptive perspectives.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

I appreciate the thought leadership of Capgemini around digital disruption and find this year they have tapped into an important concept: the parallel digital universe. Can't wait to dive into the different papers in this report.

Moreover, the concept of having digital twins is one that I have written about in the past as well: http://fmcs.digital/blog/digital-twin/ 

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

Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1

Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1 | WHY IT MATTERS: Digital Transformation | Scoop.it

The most anticipated slide deck of the year is here. Key takeaways:

  • Global smartphone growth is slowing: Smartphone shipments grew 3 percent year over year last year, versus 10 percent the year before. This is in addition to continued slowing internet growth, which Meeker discussed last year.
  • Voice is beginning to replace typing in online queries. Twenty percent of mobile queries were made via voice in 2016, while accuracy is now about 95 percent.
  • In 10 years, Netflix went from 0 to more than 30 percent of home entertainment revenue in the U.S. This is happening while TV viewership continues to decline.
  • Entrepreneurs are often fans of gaming, Meeker said, quoting Elon Musk, Reid Hoffman and Mark Zuckerberg. Global interactive gaming is becoming mainstream, with 2.6 billion gamers in 2017 versus 100 million in 1995. Global gaming revenue is estimated to be around $100 billion in 2016, and China is now the top market for interactive gaming.
  • China remains a fascinating market, with huge growth in mobile services and payments and services like on-demand bike sharing. (More here: The highlights of Meeker's China slides.)
  • While internet growth is slowing globally, that’s not the case in India, the fastest growing large economy. The number of internet users in India grew more than 28 percent in 2016. That’s only 27 percent online penetration, which means there’s lots of room for internet usership to grow. Mobile internet usage is growing as the cost of bandwidth declines. (More here: The highlights of Meeker's India slides.)
  • In the U.S. in 2016, 60 percent of the most highly valued tech companies were founded by first- or second-generation Americans and are responsible for 1.5 million employees. Those companies include tech titans Apple, Alphabet, Amazon and Facebook.
  • Healthcare: Wearables are gaining adoption with about 25 percent of Americans owning one, up 12 percent from 2016. Leading tech brands are well-positioned in the digital health market, with 60 percent of consumers willing to share their health data with the likes of Google in 2016.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

This is an annual bag of goodies.

Highlight #1: retail stores are closing at record pace while Amazon opens stores. This is such a huge trend because it transforms stores from a mini-warehouse into something else: a destination for experience, service, and training. Think Apple store with the highest sales per square foot, genius bar, classes and a showroom. Amazon has pushed its Amazon GO, no lines, no registers concept and it is rolling it out slowly. This is just the beginning...

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

VoloMetrix software taps digital exhaust to improve sales force performance via @hbr

VoloMetrix software taps digital exhaust to improve sales force performance via @hbr | WHY IT MATTERS: Digital Transformation | Scoop.it

Now a new breed of software applications is reshaping sales force management. Their common characteristic: Using digital data exhaust, which is the data generated from the regular activities of a sales force or their customers, to change the behaviour of frontline sales representatives in ways that dramatically improve sales productivity and effectiveness.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Daily activities leave digital traces that can be leveraged to improve processes and deliver value in organizations. We often overlook this data in organizations but we should realize that companies such as Facebook, Google, Apple and others have invested huge amounts of efforts to dig into the data exhaust of our digital and physical world activities in order to extract, infer, predict our tastes and behaviour. If it works for them, it should work for us as well, no?

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

Consulting Digital Transformation Review No. 5- UPS, ABB and others via @Capgemini

Capgemini Consulting's digital transformation business journal looks at the digitization of operations, taking in robotics, 3D printing, and the second machine
Farid Mheir's insight:

Always must read from Capgemini.

No comment yet.
Curated by Farid Mheir
Get every post weekly in your inbox by registering here: http://fmcs.digital/newsletter-signup/