WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Five metrics for CEOs to measure digital success via @McKinsey can help craft quantifiable metrics for #CTO, #CDO, VP #digitalTransformation or VP #innovation success factors

Five metrics for CEOs to measure digital success via @McKinsey can help craft quantifiable metrics for #CTO, #CDO, VP #digitalTransformation or VP #innovation success factors | WHY IT MATTERS: Digital Transformation | Scoop.it

As organizations launch more and more digital initiatives, CEOs must monitor whether they are delivering business results. These metrics are ones to watch.

Farid Mheir's insight:

WHY IT MATTERS: "digital transformation" often means anything and everything. These 5 markers can help you define quantifiable metrics to ground resources in concrete, actionable activities. Too often, unfortunately, are CDOs "chief digital officers" , CTO "chief technology officers" or "VP digital transformation" or "VP innovation" tasked with vague requirements that are aspirational ("move the organization in the digital world") or qualitative ("coordinate actions and support executives in the digital transformation"). After a few years of workshops, evaluations, and pilot projects they often fail to deliver meaningful business impacting metrics. 

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Remote Work is Changing the Employee Experience via @Fjord @Accenture 2021 #trends

Remote Work is Changing the Employee Experience via @Fjord @Accenture 2021 #trends | WHY IT MATTERS: Digital Transformation | Scoop.it

Accenture notes that technology has reframed our relationships with work, working hours & workspaces for years, with this shift accelerating in 2020. 

Farid Mheir's insight:

WHY IT MATTERS: suggestions for improvements in 2021 from Accenture include rethinking innovation, delivery, last mile and  remote work.

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COVID-19 is #digitalTransformation best friend: all roadblocks to digital adoptions have crumbled and accelerated deployment has been possible via @McKinsey

COVID-19 is #digitalTransformation best friend: all roadblocks to digital adoptions have crumbled and accelerated deployment has been possible via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

A new survey finds that responses to COVID-19 have speeded the adoption of digital technologies by several years--and that many of these changes could be here for the long haul.

Farid Mheir's insight:

WHY IT MATTERS: 

Question: who is the corporate leader for digital transformation?

Answer: covid-19!

These charts from McKinsey clearly show how much covid has accelerated digital transformation in organizations. Never waste a good crisis they say... ;-)

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Lean management or agile? The right answer may be both - is a great article to enable your #innovation where #oneSizeFitsAll is not right via @McKinsey

Lean management or agile? The right answer may be both - is a great article to enable your #innovation where #oneSizeFitsAll is not right via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Through thoughtful design, agile and lean management can be the perfect match for companies in search of lasting performance improvement.

Farid Mheir's insight:

WHY IT MATTERS: this article helps positions the strengths and weaknesses of lean and agile to highlight where each fits best in an organization.

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Business Model Canvas or Lean Canvas?

Business Model Canvas or Lean Canvas? | WHY IT MATTERS: Digital Transformation | Scoop.it

Where the Business Model Canvas tries to provide a complete model which encapsulates many types of business, the Lean Canvas focuses more on customer problems and solutions. Hence the Lean Canvas is more applicable for startups.

Farid Mheir's insight:

WHY IT MATTERS: a short review of canvas to help guide digital transformation and innovation. Crafted for startups but I believe it applies to larger existing organizations as well.

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The eight essentials of innovation also apply to #digitalTransformation IMHO via @McKinsey

The eight essentials of innovation also apply to #digitalTransformation IMHO via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Strategic and organizational factors are what separate successful big-company innovators from the rest of the field.

Farid Mheir's insight:

WHY IT MATTERS: digital transformation often means innovation: different or new technologies, modified processes, new skills and expertise. To innovate - and thus to transform digitally - McKinsey suggests 8 elements to include in this article.

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Joyeeta Mookherje's comment, August 26, 2020 7:11 AM
Digital Transformation is so necessary right now in this pandemic situation. Major industries are evolving with this revolution of technology all over the world. Do give this blog a read on the same topic for some more information. https://www.inovarconsulting.co.in/the-revolution-of-digital-transformation/?utm_source=Scoopit&utm_medium=DigTransformation
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State of Corporate Innovation Report survey from @planbox highlights key facts about #innovation: few do it, fewer do it well. Yet everyone has to do it in these changing times #mustRead

State of Corporate Innovation Report survey from @planbox highlights key facts about #innovation: few do it, fewer do it well. Yet everyone has to do it in these changing times #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

Leverage the data and insights in our State of Corporate Innovation Report to support making the case for innovation management as a core competency.

Farid Mheir's insight:

WHY IT MATTERS: innovation often is tightly related to digital transformation. This survey from planbox provides useful insights about the state of corporate innovation and also provides some useful tools such as the maturity levels highlighted here.

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10 Types of #Innovation: The Art of Discovering a Breakthrough Product #visualization #infographics via @visualcap

10 Types of #Innovation: The Art of Discovering a Breakthrough Product #visualization #infographics via @visualcap | WHY IT MATTERS: Digital Transformation | Scoop.it

How do companies like Amazon and Apple consistently make game-changing products? Here are 10 types of innovation, and the tactics that lead to big breakthroughs.

Farid Mheir's insight:

WHY IT MATTERS: interesting visualization to help categorize innovation projects.

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12 ways a company can innovate - a reference framework by @MITsloan

12 ways a company can innovate - a reference framework by @MITsloan | WHY IT MATTERS: Digital Transformation | Scoop.it

MIT Sloan has developed, validated and applied a new framework called the “innovation radar.” This tool presents and relates all of the dimensions through which a firm can look for opportunities to innovate. Much like a map, the innovation radar consists of four key dimensions that serve as business anchors: (1) the offerings a company creates, (2) the customers it serves, (3) the processes it employs and (4) the points of presence it uses to take its offerings to market. Between these four anchors, we embed eight other dimensions of the business system that can serve as avenues of pursuit. Thus, the innovation radar contains a total of 12 key dimensions.

Farid Mheir's insight:

WHY IT MATTERS: this framework highlights 12 key dimensions to investigate when innovating.

Jim Belfiore's curator insight, July 23, 2020 10:32 AM

Companies with a restricted view of #innovation can miss opportunitites.

enescetinkaya162@gmail.com's comment, July 23, 2020 7:19 PM
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Innovation in a crisis: Why it is more critical than ever via @McKinsey

Innovation in a crisis: Why it is more critical than ever via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Prioritizing innovation today is the key to unlocking postcrisis growth.

Farid Mheir's insight:

WHY IT MATTERS: great reference for getting out out the pandemic crisis... but not only that. Useful tools for any innovation scenarios.

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The Forrester Wave Innovation Management Platforms, Q1 2020 - I expect many of these tools to be useful in the race to define the #newNormal for many. Happy to see a Montreal-based startup in the t...

The Forrester Wave Innovation Management Platforms, Q1 2020 - I expect many of these tools to be useful in the race to define the #newNormal for many. Happy to see a Montreal-based startup in the t... | WHY IT MATTERS: Digital Transformation | Scoop.it

Planbox receives the highest score in strategy AND current offerings in the latest Forrester Wave report on innovation management platforms.

Farid Mheir's insight:

WHY IT MATTERS: managing the innovation process can be done with post it notes and excel spreadsheets. For large teams, distributed teams or remote work teams, I guess a real tool is in order. This list should get you started. Happy to see a Montreal-based startup in the top position... Planbox ;-)

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How Brands Like Lululemon Invite Customers To Join The Creative Process With Open Beta-Testing, shows how #digital tools are leveraged to change the product innovation process HT @SeanMoffitt

How Brands Like Lululemon Invite Customers To Join The Creative Process With Open Beta-Testing, shows how #digital tools are leveraged to change the product innovation process HT @SeanMoffitt | WHY IT MATTERS: Digital Transformation | Scoop.it

From PSFK's Accelerating Innovation In Retail report, here's how five brands are retaining valuable consumer feedback by giving selected members exclusive access to new products and services.

Farid Mheir's insight:

WHY IT MATTERS: innovation is being empowered by digital tools such as crowdsourcing and this report provides insights into how retails and brands are leveraging these tools - along with new processes and people change management required - to innovate on products and services.

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Build an Innovation Engine in 90 Days describes how to apply the Minimum Viable Product approach to innovation - and I contend this approach also works well to start a #digitalTransformation initia...

Build an Innovation Engine in 90 Days describes how to apply the Minimum Viable Product approach to innovation - and I contend this approach also works well to start a #digitalTransformation initia... | WHY IT MATTERS: Digital Transformation | Scoop.it

Get a reliable system up and running fast. For the past decade we’ve been helping organizations around the globe strengthen their innovation capabilities, and that work has taught us that there’s an important intermediate option between ad hoc innovation and building an elaborate, large-scale innovation factory: setting up a minimum viable innovation system (MVIS).

Farid Mheir's insight:

WHY IT MATTERS: the most difficult part of digital transformation is the transformation part. This 90-day approach by HBR will help most team get over the initial "hump" and start their digital innovation process.

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French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company

French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company | WHY IT MATTERS: Digital Transformation | Scoop.it

Après plus de deux ans d’accompagnement de nos startups chez la plupart des grands groupes français, j’ai souhaité dresser un premier bilan.

Farid Mheir's insight:

WHY IT MATTERS: it is a great summary of the key success criteria and pitfalls of innovation in large organizations. Must read for any startup or executive in large organization.

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Artificial Intelligence in #Retail – 10 Present and Future Use Cases

Artificial Intelligence in #Retail – 10 Present and Future Use Cases | WHY IT MATTERS: Digital Transformation | Scoop.it

In this article, we cover a variety of examples in which AI is being integrated in the retail industry, broken down into the following sub-categories: Sales and CRM Applications, Customer Recommendations, Manufacturing, Logistics and Delivery, Payments and Payment Services

Farid Mheir's insight:

WHY IT MATTERS: some of the use cases may be far fetched but still give a good idea of what is possible (not necessarily what is useful...). Good to know nevertheless.

Harpal Jadon's curator insight, October 18, 2018 7:18 AM
Harpal Singh Jadon
Harpal Jadon's curator insight, October 18, 2018 7:19 AM
Harpal Singh Jadon
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You need an #Innovation labs to stay in business today - a review of 70 corporations that have setup a lab in recent years

You need an #Innovation labs to stay in business today - a review of 70 corporations that have setup a lab in recent years | WHY IT MATTERS: Digital Transformation | Scoop.it

Innovation is critical for established companies to stay relevant in the face of disruption. Here's our list of corporate innovation labs.

Farid Mheir's insight:

WHY IT MATTERS: everyone asks how they change do digital transformation. For one thing, setting up an independent lab can be a good place to start.

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Fourth Industrial Revolution | Explore | TOPLINK

Fourth Industrial Revolution | Explore | TOPLINK | WHY IT MATTERS: Digital Transformation | Scoop.it

The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial revolutions. These advances are merging the physical, digital and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value and even what it means to be human. The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum provides a trove of useful data and analysis on topics related to the 4th industrial revolution. It provides useful insight into key digital technologies related to that topics as well.

Kim Flintoff's curator insight, June 4, 2018 5:56 AM
The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
Peter Langerbeck's curator insight, June 8, 2018 7:41 AM
We have to keep pace with development. IRL 5.0 is on the door step.
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The Future of the #Database (#Infographic)

The Future of the #Database (#Infographic) | WHY IT MATTERS: Digital Transformation | Scoop.it
The Future of the Database (Infographic) – Innovation Insights

Via Christophe Chambet-Falquet
Christophe Chambet-Falquet's curator insight, July 26, 2017 2:24 PM

What about biological database ? 2030 ?

Aaronneo's curator insight, October 7, 2017 2:40 PM

I provide psychotherapy and counselling services in Perth for adults who are experiencing a range of difficulties or looking to improve their overall wellbeing

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In 2016 renewable energy became cheaper than coal & other Top 10 Tech Trends Transforming Humanity 

In 2016 renewable energy became cheaper than coal & other Top 10 Tech Trends Transforming Humanity  | WHY IT MATTERS: Digital Transformation | Scoop.it

2016 was an incredible year for technology, and for humanity. Despite all the negative political-related news, there were 10 tech trends this year that positively transformed humanity.

For this “2017 Kick-Off” blog, I reviewed 52 weeks of science and technology breakthroughs, and categorized them into the top 10 tech trends changing our world.

I’m blown away by how palpable the feeling of exponential change has become.

I’m also certain that 99.999% of humanity doesn’t understand or appreciate the ramifications of what is coming.

In this blog, enjoy the top 10 tech trends of the past 12 months and why they are important to you.

Farid Mheir's insight:

I am not a big fan of trends and yearly predictions as a glimpse into the future. However, I like them because they provide a good state of the nation - a condensed picture of where we are and what are hot topics. 

 

This review is of particular value in that respect and I especially like #2 where author states "2016 was the year solar and renewable energy became cheaper than coal" because it goes against what we often hear, yet confirms something we expect will happen as it has been predicted for such a long time.

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The State of Technology at the End of 2016 via @stratechery @gnat 

The State of Technology at the End of 2016 via @stratechery @gnat  | WHY IT MATTERS: Digital Transformation | Scoop.it
This transformation echoes the impact of Facebook on the media: there is a dramatic leveling of the playing field. The advantages of scale that guaranteed success in the post-war era just don’t matter very much when advertising is cheap, shelf space is infinite, and shipping is free. And, just as Facebook’s breakdown of the media broke down the political parties, Amazon’s break-down of physical retail will have its own knock-on effects: carrying household supplies is a major reason to own a car, for example, which means Amazon is a laying the foundation for a service like Uber to shift from being a car supplement to a full-on substitution.
Farid Mheir's insight:

A discussion on the impact that technology innovation has had on the election of Trump and more disruption to come from Amazon. 

 

WHY THIS IS IMPORTANT

The author presents compelling arguments about reasons why technology innovation has had such an impact and forces us to rethink most business models. Moreover the analysis of Trump's election as evidence that the power has shifted from editors and political parties to voters and end users is just brilliant and I will certainly use it in the future!

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Open source home design: ecofriendly & low cost

Open source home design: ecofriendly & low cost | WHY IT MATTERS: Digital Transformation | Scoop.it
Wanna ditch the mortgage and live in a modular, open source, ecological house?
Farid Mheir's insight:

Explains 5 steps to build a house using open source components. Is this the future of home building?

 

WHY THIS IS IMPORTANT

Open source has revolutionized software development and other technology areas. Can it also be applied to real-life products? This is exactly what this is all about: revolutionize the way we think about our everyday products by having low cost options with no patents or protections. This should keep costs down and foster innovation. Watch out.

Jason Tadros's curator insight, August 20, 2016 1:09 PM
Share your insight
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Guide to Innovation: Peek Inside Google Moonshot Factory Operating Manual

Guide to Innovation: Peek Inside Google Moonshot Factory Operating Manual | WHY IT MATTERS: Digital Transformation | Scoop.it
Ever since we started as Google[x] in 2010, X has had a single mission: to invent and launch “moonshot” technologies that we hope could…
Farid Mheir's insight:

Rules that guide selection and priorization of projects in Google X, the innovation labs of Google that produced some of its most famous innovations.

 

WHY THIS IS IMPORTANT

Rules are different when you innovate and it is always useful to see which ones successful innovators break. Here it seems that the most important rule is acceptance of failure and very rapid decision making. Must read for anyone trying to innovate in his or her organization.

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Software Eats the World : We Are All Softwareists Now

Software Eats the World : We Are All Softwareists Now | WHY IT MATTERS: Digital Transformation | Scoop.it

We Are All Software Makers Now

I think Joi Ito's TED talk about NOWISM is correct and a tsunami trend few understand or address. Right after the NOWISM wave comes the, "We are all software creators" wave. 

We love this line, "It is decidedly non-trivial for a company in a non-tech traditional industry to start thinking and acting like a software company." Damn skippy it is hard to become a "softwareist". 

 

Software engineers speak a different language, think differently than left brain creatives (most marketing people are left brain creatives) and want to engineer the world. 

 

The subtext of this well written and intelligently conceived post is find blue oceans or die. I'm mixing metaphors since the post doesn't contextualize using Kim's great Blue Ocean Strategies book, but the implication hangs in this post like a line separating winners from losers. 

 

 

 


Via Martin (Marty) Smith
Farid Mheir's insight:

An article that reminds us that software is everywhere and that all companies should focus on making this trend part of their strategic plan.

 

WHY IS THIS IMPORTANT?

The article focusses on 2 key elements: timing and focus. These are essential as not all industry move at the same speed. Case in point: book sales and grocery. Probably two ends of the spectrum, book sales have moved to online early and in a big way. Grocery: not so much. Actually, not yet. Because we all know it is coming, we will buy our staple grocery cans from a website in the coming years. Question is when.

 

And when this happens, when customers are ready and retailers find a way to remain profitable even when they do more work, then it will become a game of choosing the right products at the right price. Same as today. But with a different distribution channel. Focus will remain being a great grocer, not a great technology company. Or will it?

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The eight essentials of innovation | McKinsey & Company

The eight essentials of innovation | McKinsey & Company | WHY IT MATTERS: Digital Transformation | Scoop.it

It’s no secret: innovation is difficult for well-established companies. By and large, they are better executors than innovators, and most succeed less through game-changing creativity than by optimizing their existing businesses. Yet hard as it is for such organizations to innovate, large ones as diverse as Alcoa, the Discovery Group, and NASA’s Ames Research Center are actually doing so. What can other companies learn from their approaches and attributes? That question formed the core of a multiyear study comprising in-depth interviews, workshops, and surveys of more than 2,500 executives in over 300 companies, including both performance leaders and laggards, in a broad set of industries and countries (Exhibit 1). What we found were a set of eight essential attributes that are present, either in part or in full, at every big company that’s a high performer in product, process, or business-model innovation.

Hermann Martinez's curator insight, July 6, 2015 5:21 PM

añada su visión ...

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How to Make Moonshots, Google X and the list of 10,000 things

How to Make Moonshots - Backchannel - Medium
Google has long declared itself an unconventional company. But its division that takes on long-term, risky projects, Google[x], makes the rest of the company look pretty staid. Now led by Astro Teller (born Eric before he adopted a first name that really suited him), Google[x] deliberately takes on challenges that seem to fit more comfortably in the pages of pulp science fiction than on the balance sheet of a public company. Its first project was the self-driving car, and subsequent ones include Google Glass, the smart contact lens, the Google Brain neural network, the Loon Project that delivers Internet service via balloon, and a project that hopes to release nanoparticles in the bloodstream to detect early disease.
Farid Mheir's insight:

A great read for anyone interested in innovation within an organization. In particular, I found the 10000 things list reference to be quite unique and quite powerful.

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Curated by Farid Mheir
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