WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation

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Curated by Farid Mheir
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Facial Recognition Is Already Here: These Are The 30+ US Companies Testing The Technology via @CBInsights

Facial Recognition Is Already Here: These Are The 30+ US Companies Testing The Technology via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it
From www.cbinsights.com - June 12, 2019 7:23 AM

US corporates are currently using facial recognition for everything from fast food orders to trying on makeup to issuing life insurance policies, and more.

Farid Mheir's insight:

WHY IT MATTER: facial recognition used to be a very difficult thing to do but AI and machine learning specifically has blown this out the water opening the way for a slew of real world useful applications. 

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The Media Lab's curator insight, June 12, 2019 8:48 AM
A great concept!
ECMFAD's curator insight, June 13, 2019 1:24 PM
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Transitioning to standard software: 5 key lessons from ERP pioneers via @McKinsey

Transitioning to standard software: 5 key lessons from ERP pioneers via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
From www.mckinsey.com - May 28, 2015 8:22 AM
Standard software would appear to be an imperative for insurers, but the time and money required to make the change are limited. The software-vendor market is emerging, but the track record is scanty. Standardization is not a panacea, of course, and every insurer has to find its own way through this rocky terrain, but core-system-replacement lessons from the manufacturing and production industries could make the journey shorter and significantly reduce the risks.
Farid Mheir's insight:

For my friends in the insurance industry that are making the transition to packaged software, they may find confort in the following paper from McKinsey. The lessons learned and the 5 principles they highlight are good but do not provide a silver bullet or quick fix: you are in for a long and difficult transformation. Sorry...

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How Insurers Can Seize the Opportunities Offered by Digital - Accenture

How Insurers Can Seize the Opportunities Offered by Digital - Accenture | WHY IT MATTERS: Digital Transformation | Scoop.it
From www.accenture.com - January 7, 2015 8:18 AM
Research shows how insurers are rising to the digital innovation challenge—and how to improve their performance.
Farid Mheir's insight:

Tons of data gathered from chief digital officers in the insurance sector.

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Insurance industry digital transformation is slow in France

From www.argusdelassurance.com - March 26, 2013 5:03 PM

Avec trois à sept contacts par an, dont un seul via Internet, les relations entre assurés et assureurs sont loin d'être aussi « digitales » qu'elles peuvent l'être avec les banquiers ou les acteurs de la téléphonie mobile et du Web. Néanmoins, la transformation digitale est bien là. Pour en mesurer l'état d'avancement, l'Argus de l'assurance a organisé une table ronde, en collaboration avec Exton Consulting. Échanges fructueux et analyses poussées. Nos six invités ont livré leur vision de cette révolution et évoqué les freins rencontrés.


Via DEMARLE chris, Renaud Finaz
Farid Mheir's insight:

The French insurance industry appears to be slow to adopt digital processes, and even slower to transform its processes. From the panel discussion we can extract the useful nuggets that may apply to other industries as well:

  • legal constraints in France and much of Europe slow down digital transformations. I suspect this may be true for other industries that deal with private aspects of our lives: insurance, finance, HR recruitment, medical, etc.
  • panel members all appear to approach transformation from a "digitization" aspect: converting paper processes to a digital format using web, ipads or electronic signatures. Few discuss process optimizations or true "digital flips". 
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DEMARLE chris's curator insight, February 8, 2013 6:21 AM

Avec trois à sept contacts par an, dont un seul via Internet, les relations entre assurés et assureurs sont loin d'être aussi « digitales » qu'elles peuvent l'être avec les banquiers ou les acteurs de la téléphonie mobile et du Web.
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WHY IT MATTERS: Digital Transformation
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