WHY IT MATTERS: Digital Transformation
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Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning

Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning | WHY IT MATTERS: Digital Transformation | Scoop.it

A detailed study of machine intelligence in industrial and manufacturing operations reveals the surprisingly different paths companies can take. But a group of leaders shares similar characteristics.

Farid Mheir's insight:

WHY IT MATTERS: AI delivers real value in the manufacturing and production side of business. The McKinsey report shows ML and AI impacts bottom line more than top line, and that the field remains immature with the need for center of excellence and help from academia. Overall a useful reference when planning for back office and supply chain improvements.

lebens's curator insight, March 16, 2022 9:28 PM
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Nolwandle Mvelo's curator insight, May 19, 2023 2:25 AM

How the use of machinery makes the production process much quicker and effective 

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The (not so) hidden cost of food #delivery shows that the current model is unsustainable - and not just for restaurants via @techcrunch

The (not so) hidden cost of food #delivery shows that the current model is unsustainable - and not just for restaurants via @techcrunch | WHY IT MATTERS: Digital Transformation | Scoop.it

The food delivery ecosystem suffers from a lack of differentiation, compounded by an opaque and confusing web of markups and fees.

Farid Mheir's insight:

WHY IT MATTERS: delivery is the last problem to solve for eCommerce to explode. Not only do delivery fees need to be reduced via automation and "milk runs", but it is impossible for retailers and restaurant to support the rent of mostly empty space (during covid and I assume some time after) in prime locations. The overall business model has to change. Ghost kitchens, dark stores, and other solutions are required.

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Phoenix will no longer be Phoenix if Waymo’s driverless-car experiment succeeds

Phoenix will no longer be Phoenix if Waymo’s driverless-car experiment succeeds | WHY IT MATTERS: Digital Transformation | Scoop.it

Experimental Design imagines another scenario: neighborhoods eliminate the growing stream of delivery vehicles by organizing central locations or deploying a kind of package delivery van that comes around once or twice a day like an ice-cream truck. Neighbors might gather around the day’s influx of retail goods and exchange news, transforming the hermetic life behind closed garage doors into a more open and collaborative kind of community.

Farid Mheir's insight:

WHY IT MATTERS: the impact of self-driving cars for cities that were designed and built around cars remains unknown. Phoenix being one of them where Google waymo self-driving taxis is being tested at scale today. This article explores the possible impacts and they are fascinating, going well beyond transportation.

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Prepare for the Holiday eCommerce rush with this guide

Prepare for the Holiday eCommerce rush with this guide | WHY IT MATTERS: Digital Transformation | Scoop.it

Ready for unique insights into Canada’s e-commerce holiday landscape – and tips on how to make the most of this 2018 holiday season?

Farid Mheir's insight:

WHY IT MATTERS: holiday season starts with black friday / cyber monday. Companies need to prepare to get their logistics and delivery ready. Some useful insights in this shameless plug from Canada Post...!

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Delivering Tomorrow: Logistics in 2050 via @DHL #Logistics

Delivering Tomorrow: Logistics in 2050 via @DHL #Logistics | WHY IT MATTERS: Digital Transformation | Scoop.it

Will we be able to create sustainable prosperity, or are we on the way to a climate crash? Is the world interconnected or fragmented? Which new technologies shape our everyday lives? In a new study entitled “Delivering Tomorrow: Logistics in 2050," Deutsche Post DHL Group presents five sweeping, sometimes radical, prospects for the world in 2050 as well as the impact they would have on the logistics industry.

Farid Mheir's insight:

WHY IT MATTERS: very interesting future projection regarding logistics and parcel delivery in the future by a world leader in the field - DHL.

Salman Ali's curator insight, April 6, 2018 1:17 PM
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The world’s first crewless cargo ship will launch next year #digitalTransformation #WhyItMatters

The world’s first crewless cargo ship will launch next year #digitalTransformation #WhyItMatters | WHY IT MATTERS: Digital Transformation | Scoop.it

The world’s first crewless, automated cargo ship will launch in 2018, reports the Wall Street Journal, and is expected to be fully autonomous by 2020.

Farid Mheir's insight:

WHY IT MATTERS: we think of autonomous vehicles as self-driving cars. But we are more likely to see business and professional applications such as this self-driving cargo ship appear first.

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Blockchain is more than Bitcoin: exploring a plethora of non-financial use cases #Blockchain #bitcoin @Cognizant

Blockchain is more than Bitcoin: exploring a plethora of non-financial use cases #Blockchain #bitcoin @Cognizant | WHY IT MATTERS: Digital Transformation | Scoop.it

Blockchain disruptive nature is derived from its ability to transform almost any process, from basic documentation to settling complex contracts across geographies.

Farid Mheir's insight:

WHY IT MATTERS: we focus on the financial use cases of the blockchain. However there are many more - and potentially more important - use cases for blockchain outside payment and financial transactions. They must be considered careful by anymore preparing a digital strategy today.

Also:

- more recent infographics (2018): https://www.reddit.com/r/CryptoCurrency/comments/7y2zld/infographic_use_cases_for_blockchain/

- another list: https://www.experfy.com/blog/blockchain-use-cases-that-have-potential-to-disrupt-society

- other financial use cases explained: https://hackernoon.com/popular-use-cases-of-blockchain-technology-you-need-to-know-df4e1905d373 

- slideshare presentation: https://www.slideshare.net/IBTSMG/blockchain-use-cases-75417476 

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Making the last mile pay via @capgemini

Making the last mile pay via @capgemini | WHY IT MATTERS: Digital Transformation | Scoop.it

One of the biggest tests of agility for the consumer products and retail industries currently is last-mile delivery and associated services (e.g. returns). These services are now so pivotal to the customer experience that they are determining brand choices as never before. Achievements in getting products efficiently to the warehouse now need to be matched by equivalent improvements in getting goods to (and from) consumers.

 

To learn more, download the white paper which examines the latest innovation in last-mile services and explores how companies can harness the opportunities, and keep customers happy, without undermining their businesses.

Farid Mheir's insight:

A detailed white paper from capgemini on how to improve the last mile, from your warehouse to the customer door and back if required. Full of ideas, strategies and solutions to improve logistics, returns, supply chain, etc.

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Jeff Bezos: Amazon won't compete with FedEx and Purolator & USPS - I don't believe him

Jeff Bezos: Amazon won't compete with FedEx and Purolator & USPS - I don't believe him | WHY IT MATTERS: Digital Transformation | Scoop.it

Selected quotes include:

  • Mossberg asks if Bezos wants to build a delivery system. "No, but we're aiming to supplement it heavily," he says.
  • During peak holiday seasons, Amazon has to bring in its own trucks in many countries, he says.
  • "We'd always like better prices" from FedEx, Bezos says.
  • "We are driven to supplement their capacity," he says. "We're growing our business with UPS. We're growing our business with the US postal service. And we're still supplementing it." 
 
Farid Mheir's insight:

Jeff Bezos said during Code conference that Amazon will not get into the delivery business to replace partners - but will supplement it heavily.

 

I wrote before that amazon will get into the grocery food delivery business because it is the only way they can reduce their delivery costs - costs they have to give to fedex, purolator, USPS and others. So basically they will go into grocery business to break even and get free local delivery in certain key market areas. 

 

Recently, Walmart has begun pilot tests to deliver groceries using UBER (http://www.reuters.com/article/us-wal-mart-groceries-idUSKCN0YP0H6?il=0). This sounds like a great idea, focussing on each other's strength (walmart = products & logistics, uber = delivery) with no investment to access huge volume. This option may not be as efficient as the Amazon model however but be a great solution in periods of high volume.

 

To see what I wrote about this, see http://www.scoop.it/t/digital-transformation-of-businesses?q=amazon+fresh 

 

WHY THIS IS IMPORTANT

Delivery remains the biggest cost for online retailers. Between 10% to 20% of retailer costs are sunk into delivery. This remains a huge hurdle for both retailers and consumers compared to physical stores. I expect online retailer to be more and more creative on the delivery front to reduce costs and deliver faster.

 

Established eCommerce retailers should look for opportunities to improve delivery and newbies to never underestimate delivery as it is the CORE to make or break their online retail business. Mark my words... 

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