Once prospective partners in the ecosystem have been identified, there are a variety of ways to work with them, ranging from collaborations that involve a limited financial commitment to outright acquisitions.
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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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The digital center of competence (DCoC) is responsible for setting direction and ensuring that learning is widely shared. In this structure, the competence center does not have P&L responsibilities, but it does have its own budget, and each business unit (BU) owns its own internal digital initiatives. The DCoC assumes three important functions to develop products and services, build skills across BUs, and create external networks.
Farid Mheir's insight:
WHY IT MATTERS: when you create a digital center of competence (which McKinsey suggests and I agree in most organizations), then you must equip it with a budget (seems obvious but rarely is) and give it a goal to DELIVER (not just strategize or think, which is often the case). This is the only way you can have the DCOC be owner of its future and the transformation that comes with it. 
Vezta & Co.'s curator insight,
September 8, 2018 12:49 PM
WHY IT MATTERS: when you create a digital center of competence (which McKinsey suggests and I agree in most organizations), then you must equip it with a budget (seems obvious but rarely is) and give it a goal to DELIVER (not just strategize or think, which is often the case). This is the only way you can have the DCOC be owner of its future and the transformation that comes with it.
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In our experience, businesses are most successful in pushing through a digital transformation by organizing around one of three primary archetypes.
Farid Mheir's insight:
WHY IT MATTERS: digital transformation governance remains tricky enough to require a center of excellence in certain cases. This tracks with previous post from Bain here: http://fmcs.digital/blog/organizing-for-a-digital-world-bain-brief-bain-company/
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In our experience working with automotive suppliers, we have learned that successful digital transformations should be well designed and soundly executed across six core areas (Exhibit 1). Central to the success of the transformation is being clear about the impact each of the six areas has on the others and understanding the key dependencies across all of them.
Farid Mheir's insight:
WHY IT MATTERS: digital transformation success is not about technology. I agree.
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The robots are indeed already here. I work at a university where my job is teaching students and doing research and robotics and so I really what I want to convey to you today is the trends that I see robotics research going that will ultimately turn into actual products and directions that you might be able to take advantage of in the future.
Farid Mheir's insight:
WHY IT MATTERS : the video provides a great review of the state of technology when it comes to robots and robotics today from one of the leading researcher in the field. The talk is peppered with short videos of actual robots so you get a good sense of what's possible today. But remember that we live in an exponential growth era, so things improve very fast.
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If you’re a designer or engineer in the building, infrastructure, or manufacturing industries, you have probably heard about generative design, and maybe you’re excited—or skeptical. Or maybe you’re wondering, what is generative design? Will it pave the road for a new future of making things? Or will artificial intelligence usurp entire governments to become the overlords of
Farid Mheir's insight:
WHY IT MATTERS Very simple explanation of generative design with lots of practical examples of its use.
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Curated by Farid Mheir
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WHY IT MATTERS: large organizations are not structured to deliver on the innovation that digital transformations required. Partnering with startups is thus the way to go.