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The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the world in 2030 and the future of retail 2030. 
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Companies benefit from optimizing collaboration between humans and artificial intelligence. Five principles can help them do so: Reimagine business processes; embrace experimentation/employee involvement; actively direct AI strategy; responsibly collect data; and redesign work to incorporate AI and cultivate related employee skills. A survey of 1,075 companies in 12 industries found that the more of these principles companies adopted, the better their AI initiatives performed in terms of speed, cost savings, revenues, or other operational measures.
Farid Mheir's insight:
WHY IT MATTERS: use this diagram as a guide to determine where and how to combine humans with AI.
Vezta & Co.'s curator insight,
September 4, 2018 7:40 AM
WHY IT MATTERS: use this diagram as a guide to determine where and how to combine humans with AI.
Scoop.it!
From
hbr
Companies benefit from optimizing collaboration between humans and artificial intelligence. Five principles can help them do so: Reimagine business processes; embrace experimentation/employee involvement; actively direct AI strategy; responsibly collect data; and redesign work to incorporate AI and cultivate related employee skills. A survey of 1,075 companies in 12 industries found that the more of these principles companies adopted, the better their AI initiatives performed in terms of speed, cost savings, revenues, or other operational measures.
Farid Mheir's insight:
WHY IT MATTERS: we tend to think AI as replacing humans. Studies are starting to show that in the short term, best bet is to combine humans with AI.
David Seamans's curator insight,
September 5, 2018 8:49 AM
Elements works closely with all management and stakeholders to improve performance.
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Workplaces and workflows will change as more people work alongside machines
Farid Mheir's insight:
WHY IT MATTERS: if you have kids, show them this then encourage them to study!
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Additional economic growth, including from business dynamism and rising productivity growth, will also continue to create jobs. Many other new occupations that we cannot currently imagine will also emerge and may account for as much as 10 percent of jobs created by 2030, if history is a guide. Moreover, technology itself has historically been a net job creator. For example, the introduction of the personal computer in the 1970s and 1980s created millions of jobs not just for semiconductor makers, but also for software and app developers of all types, customer-service representatives, and information analysts.
Farid Mheir's insight:
WHY IT MATTERS: this is a positive news about new technologies. However we must brace ourselves because many people will loose their jobs and not have the skills - or the willingness - to adapt. This will certainly create turmoil in companies - and possible whole countries. Prepare.
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As machines increasingly complement human labor in the workplace, we will all need to adjust to reap the benefits.
Farid Mheir's insight:
WHY IT MATTERS: watch out for AI to revolutionize the retail industry - and many others.
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The robots are coming. We (as in the people who attend TED talks and things) tend to think we will probably be fine. You know, knowledge folks and all. We might not be. What will be our coping mechanisms? What can we do to be OK?
Farid Mheir's insight:
WHY IT MATTERS: a short 15min video to listen to this weekend and bring very good conversation topics for Sunday dinner with the kids...
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Capgemini’s 2017 Edition of TechnoVision presents 37 compelling technology trend building blocks of inspiring, challenging, and disruptive perspectives.
Farid Mheir's insight:
WHY THIS IS IMPORTANT I appreciate the thought leadership of Capgemini around digital disruption and find this year they have tapped into an important concept: the parallel digital universe. Can't wait to dive into the different papers in this report. Moreover, the concept of having digital twins is one that I have written about in the past as well: http://fmcs.digital/blog/digital-twin/
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Maths ability will get you furthest, says Harvard's Davis Deming. As long as you've got the social skills to go with it. Could a robot do your job? Millions of people who didn’t see automation coming will soon find out the painful way. The answer is a resounding yes. The World Economic Forum’s Future of Jobs study predicts that 5 million jobs will be lost before 2020 as artificial intelligence, robotics, nanotechnology and other socio-economic factors replace the need for human workers.
Farid Mheir's insight:
One important stat from The Future of Jobs report is that the top trend that will drive change in work is new technology and innovation.
WHY THIS IS IMPORTANT All jobs will be affected by technology and thus every good digital transformation should include the human disruption and its impact on current and future employees. Too often, we implement digital change and fail to consider people impact. Look at UBER taxis: their model is to plow ahead and disrupt the market but they have failed to accompany the taxi drivers that are impacted. Because of it they are facing huge head winds from governments and established corporations. On the other hand, Teo Taxi (Montreal-based) has recognized the people impact and embraced human transformation of the cab drivers which results in much better relationships and less confrontation. Same technology, same process, different human approach.
Gonzalo Moreno's curator insight,
December 9, 2016 5:06 AM
TASK Management vs. PEOPLE Management, a superclassic...
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Tesla announced that beginning today, all the cars it builds will have the necessary hardware to drive completely on their own if the owner decides they want to enable the option. The full self-driving hardware suite will cost an additional $8,000.
Farid Mheir's insight:
1- First, look at the video at the end of the article.
2- Then, read the article to understand what Tesla is doing
3- Then, listen to this other video to understand that self-driving will be part of every new Tesla vehicle but will operate in "shadow mode". https://www.wired.com/video/2016/10/nasa-s-pumpkin-carving-contest/ New Teslas will be self-driving and comparing their driving to what the human drivers did (and presumably learning from them). They will collect huge amounts of data, which will demonstrate that self-driving is safer than human driving.
4- Then, dive into this more complete description of the technology. https://www.wired.com/2016/10/teslas-self-driving-car-plan-seems-insane-just-might-work/
5- Then, look into this video of a self-driving delivery 18-wheeler that drove 200 miles without human intervention. https://www.wired.com/2016/10/ubers-self-driving-truck-makes-first-delivery-50000-beers/
6- Realize this is not fiction but 2016 reality.
WHY THIS IS IMPORTANT Self driving must find its way into every major corporation strategic plan. It will impact how retailers receive their products from factories and distribution centers. It will make eCommerce easier with lower cost delivery (which still accounts for 15 to 25% of the online total) and will enable same-day delivery. It will transform travel between large cities, and school bus for our kids. It will change the way ships carry their loads. Self-driving will create a shockwave in human resources department and unions, which will fear the replacement of human drivers by machines. It will require appropriate communication, retraining, and investments to ensure a smooth transition into the new reality. Don't worry this will not affect your 2017 bottom line. It won't even affect 2020's bottom line. So if you manage with a short term vision, life is good, stay the course, and forget everything I just said.
Others, call me!
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For example, working at a tollbooth may be a secure job. But whatever gains the economy gets from having people making change at tollbooths are more than offset by the loss of time that results when other people have to wait in traffic to enter a toll road. Starting in October, the Massachusetts Turnpike Authority will shift to entirely automatic tolls. Machines will do all the work of collecting tolls, and toll collectors either will be reassigned to other positions within the authority or will have to find new jobs. But traffic will flow more easily, leading to big gains in efficiency for truckers and people getting to work, and less waste of fuel.
Farid Mheir's insight:
With the introduction of robots, the fear is that humans will loose their jobs. In the short term at least, it may only transform work.
WHY THIS IS IMPORTANT Any strategic plan should include a chapter on robotics and the replacement of human labour with robots (and possible AI as well). The article shed some insights on historical perspective - farmers have not disappeared with introduction of mechanical devices but they have become much more productive - as well as raises some interesting ideas about our cohabitation with robots in the near future.
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Farid Mheir's insight:
Few jobs are safe from automation.
Jean-Simon Venne's curator insight,
February 2, 2016 9:39 PM
Thanks Farid for this interesting analysis, to be followed. 
Grant Tucker's curator insight,
February 14, 2016 11:10 AM
This is why we all should be innovating within our chosen professions 
Farid Mheir's curator insight,
July 20, 2016 2:09 PM
World Economic Forum survey of executives has compiled a list of jobs that are most at risk of being replaced by computers before 2025. The infographic shows a summary of the data which is available in detail here: http://reports.weforum.org/future-of-jobs-2016/
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Farid Mheir's insight:
World Economic Forum survey of executives has compiled a list of jobs that are most at risk of being replaced by computers before 2025. The infographic shows a summary of the data which is available in detail here: http://reports.weforum.org/future-of-jobs-2016/
Jean-Simon Venne's curator insight,
February 2, 2016 9:39 PM
Thanks Farid for this interesting analysis, to be followed.
Grant Tucker's curator insight,
February 14, 2016 11:10 AM
This is why we all should be innovating within our chosen professions
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Capgemini Consulting's digital transformation business journal looks at the digitization of operations, taking in robotics, 3D printing, and the second machine
Farid Mheir's insight:
Always must read from Capgemini.
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Curated by Farid Mheir
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WHY IT MATTERS: the report is not available for free but the 42 slide summary is a great overview of key trends that are presented with observations and outcome.