WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Random Employee Chats is the modern version (read covid-required) of impromptu water cooler meetings at @Cloudflare - and it is clear that random pairings are not enough in large organizations

Random Employee Chats is the modern version (read covid-required) of impromptu water cooler meetings at @Cloudflare - and it is clear that random pairings are not enough in large organizations | WHY IT MATTERS: Digital Transformation | Scoop.it

We developed the Random Employee Chats application internally, with the goal of recreating the pre-pandemic informal interactions. Here's how we moved from a shared spreadsheet to Cloudflare Workers to automate the entire process.

Farid Mheir's insight:

WHY IT MATTERS: interesting solution developed at Cloudflare, a technology company, to facilitate conversations across the organization. The paper highlights the challenges of making random chats truly random (and useful). As work from home and remote work become the norm post-covid, this will become required in all organizations. Not only large distributed companies but also startups that decide to go full work from home.

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30 Best SaaS Pitch Deck Collection is great starting point to help guide you towards winning content and presentation #startup #intrapreneur

Explore the "30 Best SaaS Pitch Deck Collection" base on Airtable.

Farid Mheir's insight:

WHY IT MATTERS: a collection of 30 pitch decks with links to use as a starting point for your startup pitch!

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Mapping the #DevSecOps Landscape 2020 Survey Results from @GitLab is guiding us towards best practices and trends in #softwareEngineering #devOps

Mapping the #DevSecOps Landscape 2020 Survey Results from @GitLab is guiding us towards best practices and trends in #softwareEngineering #devOps | WHY IT MATTERS: Digital Transformation | Scoop.it

This report offers an inside look at how DevOps practitioners around the world tackle the same challenges you face. With a mix of hard data and real stories, we hope you’ll find wisdom and encouragement. No one ever said DevOps was easy — not even GitLab. But it is clear that a mix of the right tools, culture, collaboration, and a willingness to try and fail will move software development teams forward.

Farid Mheir's insight:

WHY IT MATTERS: survey result from GitLab about devOps practices. Take numbers and % with HUGE grain of salt as I don't feel they represent the "real world" as they are skewed toward smaller organizations and (relatively) early adopters. Nevertheless, the tools and the practices and the trends should be looked at seriously in any organization. I know it will shape how I do things for le panier bleu... ;-)

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Digital Health 150 Startups Transforming the Future of Healthcare - very disappointed to see so few addressing the actual patient service - is this a sign that the healthcare systems are too comple...

Digital Health 150 Startups Transforming the Future of Healthcare - very disappointed to see so few addressing the actual patient service - is this a sign that the healthcare systems are too comple... | WHY IT MATTERS: Digital Transformation | Scoop.it

The Digital Health 150 is CB Insights' annual ranking of the 150 most promising digital health startups in the world.

Farid Mheir's insight:

WHY IT MATTERS: one key industry where digital transformation can have the most profound impact should be healthcare. This list from CBinsight highlights one crucial aspect: lots of innovation on "health" (research, diagnostics, ...), but little innovation on "care". Nevertheless a useful reference to see where innovation should come from in the coming years.

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What #FrenchTech is doing to support local retailers via digital #startup solutions

What #FrenchTech is doing to support local retailers via digital #startup solutions | WHY IT MATTERS: Digital Transformation | Scoop.it

A l’approche des fêtes de fin d’année, il est d’autant plus important de les soutenir pour les accompagner dans cette période transitoire. Pour y voir plus clair, voici un listing non exhaustif d’initiatives à privilégier pour participer au soutien de l’économie locale française.

Farid Mheir's insight:

WHY IT MATTERS: every country, state, region is faced with similar problem: keeping local stores alive during covid shutdown - and then later on in the face of eCommerce popularity. This article provides a non exhaustive list of French startups that focus on helping local retailers.

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Preventing future waves of COVID-19 : @McKinsey list of health interventions probably contains many B$ #startup ideas

Preventing future waves of COVID-19 : @McKinsey list of health interventions probably contains many B$ #startup ideas | WHY IT MATTERS: Digital Transformation | Scoop.it
After seven months of responding to the pandemic, we have learned some things. Here are some of the key lessons and how to apply them.
Farid Mheir's insight:

WHY IT MATTERS: never waste a good crisis. Well if this is true, then companies that will find solutions to tackle the health interventions highlighted by McKinsey should have a bright future. In many cases, digital technologies will be at the center of those solutions...

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Two #Montreal firms in Constellation ShortList Artificial Intelligence and Machine Learning Best-of-Breed Platforms #AI #ML

Two #Montreal firms in Constellation ShortList Artificial Intelligence and Machine Learning Best-of-Breed Platforms #AI #ML | WHY IT MATTERS: Digital Transformation | Scoop.it

This Constellation ShortList™ presents Artificial Intelligence and Machine Learning Best-of-Breed Platforms relevant to early adopters pursuing digital transformation. Offerings included in this document meet the threshold criteria for this category as determined by Constellation Research.

Farid Mheir's insight:

WHY IT MATTERS: because 2 / 14 are Montreal-based!

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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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A reference of 55 Business Model Patterns to help get you started on #innovation via Business Model Navigator

A reference of 55 Business Model Patterns to help get you started on #innovation via Business Model Navigator | WHY IT MATTERS: Digital Transformation | Scoop.it

In this section, dive into one of the 55 Business Model Patterns, each providing a practical template to help you build new business models from scratch and supercharge your existing business models. A short description is provided, capturing the key concept and underlying mechanisms of the respective business model pattern, as well as exemplary firms applying the pattern.

Farid Mheir's insight:

WHY IT MATTERS: amazing reference of business models to help explore possibilities in your innovation plans.

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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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What is good retention metric numbers? A panel of experts provides their value from Lenny's Newsletter @lennysan via @sebprovencher

What is good retention metric numbers? A panel of experts provides their value from Lenny's Newsletter @lennysan via @sebprovencher | WHY IT MATTERS: Digital Transformation | Scoop.it

If you take nothing else away from this post, it should be that retention matters. A lot. No other metric is as singularly telling of whether your business will thrive or die. And so, the better you understand what good retention looks like for your business, the better shot you have at the former. We hope this research proves useful to you whether you’re building, investing, or just curious.

Farid Mheir's insight:

WHY IT MATTERS: with every product moving to a SaaS, pay as you go, model, retention has become a key metric to consider. This post delivers insights into retention metrics for GOOD and GREAT retention numbers. I'd love to see similar posts on email open rates, ecommerce conversion, app usage, etc.

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Investors now look for companies via twitter?

Farid Mheir's insight:

WHY IT MATTERS: I found this on twitter recently and thought it is an interesting way to hunt for startups when you are an investor. Could this apply to more than investing? Product development? market validation? I guess it does but you need a good network. Is it better than posting on LinkedIn or on Facebook? Let me know what you think...

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50 Future Unicorns show where innovation will come from in the near future - key highlight: 30% are enterprise solutions via @CBInsights

50 Future Unicorns show where innovation will come from in the near future - key highlight: 30% are enterprise solutions via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

CB Insights and Fast Company team up to analyze high-momentum startups. Key highlight: Enterprise/big data tools dominate: 30% of companies on this year’s list work on enterprise or big data tools.

Farid Mheir's insight:

WHY IT MATTERS: always good to watch those startups for ideas and innovations. I've tried some of them - algolia, webflow, signavio, loom - and will keep my eyes open for the others...

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covid crisis is BEST time to innovate: A Look At 10 Successful #Startups Founded During A Recession- airbnb, whatsapp, mailchimp, and others were all started during difficult economic periods

covid crisis is BEST time to innovate: A Look At 10 Successful #Startups Founded During A Recession- airbnb, whatsapp, mailchimp, and others were all started during difficult economic periods | WHY IT MATTERS: Digital Transformation | Scoop.it

With recent uncertain times across the world, 2020 is shaping up to be both exciting and frightening. Many startups have experienced cutbacks, including many needing to initiate layoffs while others…

Farid Mheir's insight:

WHY IT MATTERS: it is a great time to be creating a startup. I posit it is because companies are in panic mode and ready to try anything, thus giving new players a chance...

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8 "Laws" Driving Success In #Tech: Amazon's 2-Pizza Rule, The 80/20 Principle, Moore’s Law, Law of Shitty Clickthroughs and other "laws" is a funny yet accurate description of successful #digital s...

8 "Laws" Driving Success In #Tech: Amazon's 2-Pizza Rule, The 80/20 Principle, Moore’s Law, Law of Shitty Clickthroughs and other "laws" is a funny yet accurate description of successful #digital s... | WHY IT MATTERS: Digital Transformation | Scoop.it

These tech “laws” describe why a given network’s value rises exponentially with the volume of participants (Metcalfe’s Law), why most marketing channels eventually produce diminishing returns (Law of Shitty Clickthroughs), or why starting with simple iterations leads to better long-term products (Gall’s Law). Some, like Moore’s Law, have been extremely prescient. Others, like Conway’s Law, provide counterintuitive insights — such as why Apple’s corporate structure is key to its user experience
The report look at 8 of the most famous tech laws, where they come from, why they matter, and how they help describe some of tech’s biggest successes.

Farid Mheir's insight:

WHY IT MATTERS: entertaining read for Sunday morning that may help you steer away from danger as you plan and deliver your digital transformation.

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Venture capital behemoth Sequoia Capital brace for an economic slowdown & directs its CEOs to cut costs - This is great news for #digitalTransformation IMHO from @Fortune newsletter @adamlashinsky

Here is a note that we sent to Sequoia founders and CEOs today to provide guidance on how to ensure the health of their business while dealing with potential business consequences of the spreading effects of the coronavirus.

Farid Mheir's insight:

WHY IT MATTERS: most companies will brace for economic slowdown and start to cut costs. Good or bad for digital transformation? I say it is good.

1- technical resources may be easier to hire as they are let go when their projects shutdown or scale back

2- automation - especially digital based - has the potential to cut costs, and thus become attractive

3- travel bans mean enhanced demand for remote- and tele-presence. Expect projects to explode in the area of videoconferencing, remote work, etc.

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Fun #weekendReading: 20 reasons why #Startups #Fail via @CBInsights

Fun #weekendReading: 20 reasons why #Startups #Fail via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

Analyze why startups fail and problems startups face. Avoid making similar mistakes and learn from them. Download our in-depth report of startup failure.

Farid Mheir's insight:

WHY IT MATTERS: the list is very interesting, the % much less. Enjoy and don't depress too much.

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19 competitive advantage - aka "Business Moats" - That Helped Shape The World’s Most innovative Companies

19 competitive advantage - aka "Business Moats" - That Helped Shape The World’s Most innovative Companies | WHY IT MATTERS: Digital Transformation | Scoop.it

A business moat is a key competitive advantage setting a company apart from its competitors. See how Amazon, Uber, Starbucks and 16 others built and defend their moats.

Farid Mheir's insight:

WHY IT MATTERS: take your pick from one of these competitive advantages that often set new digital transformation disruptors apart from the rest.

Gil Savage's curator insight, January 10, 2020 12:15 PM
This information also implies a methodology for evaluating companies for investing purposes
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Looking forward to read the "Guide to Technical Recruiting and Hiring" by @Holloway - if it is as good as the others on equity compensation and raising venture capital, it should be amazing and muc...

Looking forward to read the "Guide to Technical Recruiting and Hiring" by @Holloway - if it is as good as the others on equity compensation and raising venture capital, it should be amazing and muc... | WHY IT MATTERS: Digital Transformation | Scoop.it

A practical, expert-reviewed Guide to growing software engineering teams effectively, written by and for hiring managers, recruiters, interviewers, and candidates.

Farid Mheir's insight:

WHY IT MATTERS: hiring technical resources is difficult because of the impact that bad hires have on organizations. Looking forward to read this guide and see what it contains as I believe we are in dire needed of some standards and benchmarks...

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Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans

Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

We are in the midst of an open source renaissance. But how do you turn an open source project into a business? a16z's Peter Levine and Jennifer Li cover the complete go-to-market from community management to enterprise sales.

Farid Mheir's insight:

WHY IT MATTERS: as a software engineer in the 1980s, open source was considered a research project. Now it has become real business and this post details why and how you should go about building a real company with your software code open sourced. With ML/AI growing, the value lies more in the data than the code, so the open source may still have some growth ahead.

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7 Must-Do’s to Nurture 10x Engineers sheds light into the best practice required to nurture their technical talent pool via @Storyblocks

7 Must-Do’s to Nurture 10x Engineers sheds light into the best practice required to nurture their technical talent pool via @Storyblocks | WHY IT MATTERS: Digital Transformation | Scoop.it

Must-do's in order for your hires to reach their full potential you need to put a structure in place that encourages and nurtures their growth, both technically and as managers and leaders.

Farid Mheir's insight:

WHY IT MATTERS: managing millenials and genZ is like herding cats sometimes. Moreover, when they are technology engineers in a high demand marketplace, they need certain things in their work environment. I find the suggested practices very sound, especially the career path illustrated here.

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The next startup cities that will transform the global economy - most notably Montreal is identified as a global hotspot for AI with 1B$+ investments since 2016 via @WEForum HT @patrickgagne

The next startup cities that will transform the global economy - most notably Montreal is identified as a global hotspot for AI with 1B$+ investments since 2016 via @WEForum HT @patrickgagne | WHY IT MATTERS: Digital Transformation | Scoop.it

When it comes to specific start-up sub-sector leadership, we see Montreal emerge as one of the global hotspots for artificial intelligence (AI) start-ups. Since 2016, more than $1 billion has been invested in AI companies located there (including notable startup Element AI), and it has the largest concentration of AI academic researchers in the world. Montreal also hosts the NeurIPS conference, the largest AI event held annually in the world.

Farid Mheir's insight:

WHY IT MATTERS: I am part of the dotcom startups of late 1990s in Montreal. I see a much more vibrant ecosystem to support startups and find this article from the World Economic Forum spot on. Most notably, the list of 12 cities only has one in North America, all others are Asia Pac (+Melbourne!). So we are in a good place here in Montreal, otherwise I advise my kids to GO WEST (beyond California...)!

 

For data on the 1300 startups in Montreal: 

http://www.montrealintechnology.com/a-portrait-of-montreals-startup-ecosystem-by-the-numbers/

 

https://startupgenome.com/blog/montreal-startup-ecosystem

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What year is it again? Sure feels like the 1999 #dotcom bubble all over again - thanks to Annie Thabet & Claret

What year is it again? Sure feels like the 1999 #dotcom bubble all over again - thanks to Annie Thabet & Claret | WHY IT MATTERS: Digital Transformation | Scoop.it

Is this 1999?  It sure feels like it...

It seems to us that profitless companies seem to be back in vogue. Recently, companies like Uber and Lyft have gone public with very disruptive business models but no profit in sight. At best, profit might come a long way down the road. Yet they are given market valuations at levels that suggest a wildly profitable business model.

Farid Mheir's insight:

WHY IT MATTERS: for digital transformation, this post does not matter because digital transformation will continue for years to come because the fundamentals are good: new tech that solves a real problem, cost reduction, better customer experience, more flexibility, more features, etc. Fundamentals are also great for Machine Learning (AI) and blockchain because they truly represent milestones in the evolution of digital technologies, like HTTP did during the dotcom era.

Many companies will burst as the current bubble bursts (digital bubble? AI bubble? Blockchain bubble?), as did pet.com and Webvan in 2001. Yet, the same way Amazon & Google survived the downturn to emerge bigger and better, companies with crazy valuations today but with proper business models will survive this one. So go back to looking at the leaders behind those companies and determine if they can lead their ship past the disturbances that are bound to come with a bubble burst...

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The a16z Pitch Room explains the process that #VentureCapital firms go through when analyzing a #pitchDeck by sharing their investment decision into Sandbox VR - and I argue any #digitalTransformat...

The a16z Pitch Room explains the process that #VentureCapital firms go through when analyzing a #pitchDeck by sharing their investment decision into Sandbox VR - and I argue any #digitalTransformat... | WHY IT MATTERS: Digital Transformation | Scoop.it

Have you ever wished you could be in the room when founders present to the a16z investing team? Even better, do you wish you could stay to hear the discussion after the pitch? We hear you and are thrilled to launch our latest series of videos called "The a16z Pitch Room". This inaugural episode features the Sandbox VR team Steve Zhao and Siqi Chen pitching to General Partner Andrew Chen. Steve and Siqi present a lightly edited version of their pitch deck. Then Andrew will join them on screen and provide the “director’s commentary”: a slide-by-slide walkthrough of the presentation, describing what resonated, what didn’t, and how he thought about the investment opportunity.

Farid Mheir's insight:

WHY IT MATTERS: this article and accompanying video explains the process that successful venture capital firms go through when deciding to invest - or not - in stratups. It breaks down the pitch deck to explain what works and what doesn't. This is great for startups but any business transformation - especially digital transformation - should have a pitch deck like this!

The video: https://www.youtube.com/watch?v=4T_YP1n7kSE

Hamza Yousaf's comment, May 9, 2019 8:43 AM
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Curated by Farid Mheir
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