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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State of Digital Media 2019 highl;ights the importance of a #CDP to unify customer data in a single location via @LUMAPartners

State of Digital Media 2019 highl;ights the importance of a #CDP to unify customer data in a single location via @LUMAPartners | WHY IT MATTERS: Digital Transformation | Scoop.it

LUMA is the leading investment bank focused on digital media and marketing. We provide strategic advice, proven M&A expertise, and extensive industry knowledge to optimize outcomes for our clients.

Farid Mheir's insight:

WHY IT MATTERS: a clever overview of the digital media world that highlights the importance of digital technology and in particular of unified customer data to break down silos. Very true indeed!

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Kleiner Perkins’ Mary Meeker Internet Trends at Code 2018 #mustRead #weekendRead #video #AI #eCommerce

Kleiner Perkins’ Mary Meeker Internet Trends at Code 2018 #mustRead #weekendRead #video #AI #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

"When you have rising monetization, rising growth and rising data collection, it drives a lot of regulatory scrutiny whether it’s related to data privacy, competition or safety in content."

Farid Mheir's insight:

WHY IT MATTERS: this is the annual presentation to level-set everyone on the Internet, mobile, ecommerce, cybersecurity, epayment, personalization, etc. She covers everything and shows that digital transformation is in full swing. Just WOW. Again.

Martin (Marty) Smith's curator insight, December 19, 2018 8:15 AM

Meeker is as close to Nostradamus as we are likely to get. 

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Jeff Bezos: The electricity metaphor for the dotcom boom and Internet - This can apply now to #AI #bitcoin #blockchain #TED

The dot-com boom and bust is often compared to the Gold Rush. But Amazon.com founder Jeff Bezos says its more like the early days of the electric industry.

Farid Mheir's insight:

WHY IT MATTERS: I've used the electricity metaphor many times before to explain the digital transformation potential impact on businesses. Jezz Bezos here gives us a great presentation that I believe also applies to more current technologies that are artificial intelligence and the blockchain. Well invested 15min video (or 7.5min at 2x speed ;-)

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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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#cloudComputing is greener than in-house: Google DeepMind #AI reduce energy by 40%

#cloudComputing is greener than in-house: Google DeepMind #AI reduce energy by 40% | WHY IT MATTERS: Digital Transformation | Scoop.it

To address this problem, we began applying machine learning two years ago to operate our data centres more efficiently. And over the past few months, DeepMind researchers began working with Google’s data centre team to significantly improve the system’s utility. Using a system of neural networks trained on different operating scenarios and parameters within our data centres, we created a more efficient and adaptive framework to understand data centre dynamics and optimize efficiency.

Farid Mheir's insight:

Google uses artificial intelligence to analyze energy consumption in its data center to improve cooling and reduce energy consumption by 40%.

 

The paper also links to other most interesting links on data center operations including:

 

WHY THIS IS IMPORTANT

Energy is the main cost of data center operations so this is great news. Companies should thus use this news to further move their computing to the cloud as large data centers - Google, Amazon, Microsoft and others - are way more efficient than anything even large corporations can do.

 

This is true for energy consumption, and I contend it is also true for many other areas including security and speed of implementation. It is essential that any digital transformation make cloud computing the primary de facto standard over any on-premise operation.

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