WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Amazon Prime reaches 200 million members worldwide - so the value of PRIME must be almost almost 500B$

Amazon Prime reaches 200 million members worldwide - so the value of PRIME must be almost almost 500B$ | WHY IT MATTERS: Digital Transformation | Scoop.it

Amazon has 147 million Prime members in the United States, according to estimates from Consumer Intelligence Research Partners.

Farid Mheir's insight:

WHY IT MATTERS: Prime has 200M members worldwide, 143M in USA. Interesting to see what people use it for - but the survey hides an important fact: the real value of PRIME for Amazon.

I wrote about the value of PRIME in the past but this increase warrants a review of previous numbers. Back in 2016 when "only" 48M members, this report valued PRIME at 143B$.

www.vox.com/2016/10/5/13175272/amazon-prime-valuation-worth-143-billion-cowen-report

 

Also more here: blog.fmcs.digital/?q=amazon+prime

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Antipatterns that are derailing #technology transformations via @McKinsey

Antipatterns that are derailing #technology transformations via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Shortsighted solutions to recurring problems--antipatterns--often sabotage technology transformations.

Farid Mheir's insight:

WHY IT MATTERS: sometimes it is better to know what *not* to do.

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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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6 Trends Rising E-Commerce Players Are Leveraging To Compete Against Amazon from @CBInsights - one trick not on the list is #lepanierbleu, for local products ;-)

6 Trends Rising E-Commerce Players Are Leveraging To Compete Against Amazon from @CBInsights - one trick not on the list is #lepanierbleu, for local products ;-) | WHY IT MATTERS: Digital Transformation | Scoop.it
  1. Niche assortment: Niche assortment companies focus on a narrow product assortment and gain a following among fanatics.  
  2. Distinctive convenience: Distinctive convenience companies strive to deliver ease and speed as a service. 
  3. Social connection: Social connection companies home in on the community and social aspects to promote product discovery, connection, and sales. 
  4. Personalization: Personalization companies focus on merchandising (product recommendations and search) and product customization (tailor a product specifically to a customer).
  5. Sustainability: Sustainability companies strive to reduce material waste, add more efficient products and services, and incorporate more transparent messaging. 
  6. Amazon market jockeys: Amazon market jockeys are companies that buy and scale up third-party marketplace brands on Amazon. Rather than Amazon-proofing, these companies are riding the wave of Amazon’s success.
Farid Mheir's insight:

WHY IT MATTERS: interesting take on a hot topic. How can retailers compete with Amazon? One way for local products is le panier bleu ;-)

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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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The Next Era of Human-Computer Interaction #HCI is all about #augmentedReality #AR - but most of it really depends on availability of glasses, so still a few years down the road

The Next Era of Human-Computer Interaction #HCI is all about #augmentedReality #AR - but most of it really depends on availability of glasses, so still a few years down the road | WHY IT MATTERS: Digital Transformation | Scoop.it

TL;DR: In today’s post — the first in a series exploring the future of human-computer interaction (HCI) — we’ll begin to unpack the 10-year vision of a contextually-aware, AI-powered interface for augmented reality (AR) glasses that can use the information you choose to share, to infer what you want to do, when you want to do it.

Farid Mheir's insight:

WHY IT MATTERS: this long read from Facebook Tech provides insights into the potential of augmented reality.

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#digitalTransformation is all about change - but the *way* you make change happen is as important as the change itself says @McKinsey

#digitalTransformation is all about change - but the *way* you make change happen is as important as the change itself says @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

How do you make change happen? Split the problem into halves and then tackle each, using four practical techniques to find the answers

Farid Mheir's insight:

WHY IT MATTERS: buried in this article from McKinsey is this gem of a chart about different ways to introduce transformation, including digital. Pick the wrong method and you are doomed. I believe it.

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The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN

The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN | WHY IT MATTERS: Digital Transformation | Scoop.it

We surveyed more than 3,000 CEOs around the world to learn how they are positioning their organizations for success after COVID-19. Five key factors set outperforming CEOs apart.

Farid Mheir's insight:

WHY IT MATTERS: technology is high on CEO radar of priorities as digital transformations shifts from front-office (web, social, search, all areas of the marketing CMO) to the back office (manufacturing, security, IOT, cloud, AI). CIOs play a role but many times they can't cut it so the CTO comes in. Could be a fundamental trend, or simply tunnel vision (it is an IBM survey after all ;-). Thanks to Sean Moffitt - Future Proofing Next guru! Many more insights in the full report.

andrenghutch@gmail.com's curator insight, February 7, 11:12 PM

real estate is all about location, business is all about culture.

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#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead

#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

Covid brought shock and a lot of broken habits to tech, but mostly, it accelerates everything that was already changing. 20 trillion dollars of retail, brands, TV and advertising is being overturned, and software is remaking everything from cars to pharma. Meanwhile, China has more smartphone users than Europe and the USA combined, and India is close behind - technology and innovation will be much more widely spread. For that and lots of other reason, tech is becoming a regulated industry, but if we step over the slogans, what does that actually mean? Tech is entering its second 50 years.

Farid Mheir's insight:

WHY IT MATTERS: a great new overview of the digital transformation (my words), with fact-based data-full slides. I especially like everything about eCommerce in there which will become reference for me in coming months. I extracted just one striking illustration of the wide variation of eCommerce penetration depending on industry. This chart highlights how different the digital transformation strategies must be in the toys&games industry vs the grocery industry. Love it. Many more in the full presentation.

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454 pages sur la #transformationNumérique par @CIRANO - #TLDR j'aurai aimé la version sommaire pour savoir quoi faire avec tout cela....

454 pages sur la #transformationNumérique par @CIRANO - #TLDR j'aurai aimé la version sommaire pour savoir quoi faire avec tout cela.... | WHY IT MATTERS: Digital Transformation | Scoop.it

cette édition du Québec économique montre comment les innovations numériques au sein de nos organisations publiques et privées touchent actuellement tous les secteurs de notre économie, faisant de la transformation en cours une véritable révolution numérique sur le marché de l’emploi, mais également dans le monde de l’éducation et de la formation. L’écosystème d’innovation et de collaboration qui se met en place au Québec et au Canada, principalement autour de l’IA, fait l’objet d’analyses poussées dans cet ouvrage.

Farid Mheir's insight:

WHY IT MATTERS: je comprends que ce sont des universitaires et qu'ils doivent être précis mais svp pensez aux lecteurs qui ont autre chose à faire et à lire....

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"Retailers want to sell more online but have lower margin from online sales, whereas brands have higher margins online" - perfect summary of issues facing #retail today from @benedictevans

"Retailers want to sell more online but have lower margin from online sales, whereas brands have higher margins online" - perfect summary of issues facing #retail today from @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

WHY IT MATTERS: I don't pay for much content these days but I did for Benedict Evans newsletter because he sits - as I do - at the confluence between technology and business and often, as in this quote, coins the issues in a few words. 

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A report from @Mirakl + @ATKearney highlights the essential elements that an #ecommerce #marketplace platform should have - but fails to address #fulfillment & #delivery IMHO #sad

A report from @Mirakl + @ATKearney highlights the essential elements that an #ecommerce #marketplace platform should have - but fails to address #fulfillment & #delivery IMHO #sad | WHY IT MATTERS: Digital Transformation | Scoop.it

Best Practice for Adopting the World’s Most Successful eCommerce Model.

Farid Mheir's insight:

WHY IT MATTERS: always the same, reports stress all the elements and solutions on the FRONT-OFFICE and hide under the rug the make-or-break elements of the BACK-OFFICE - probably because they are the most difficult elements to get right. Or maybe is it because they don't know? ;-)

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This post summarizes what I think about when I refer to #digitalTransformation: What comes after smartphones? via @BenedictEvans

This post summarizes what I think about when I refer to #digitalTransformation: What comes after smartphones? via @BenedictEvans | WHY IT MATTERS: Digital Transformation | Scoop.it

There’s an old saying that the first fifty years of the car industry were about creating car companies and working out what cars should look like, and the second fifty years were about what happened once everyone had a car - they were about McDonalds and Walmart, suburbs and the remaking of the world around the car, for good and of course bad. The innovation in cars became everything around the car. One could suggest the same today about smartphones - now the innovation comes from everything else that happens around them.

Farid Mheir's insight:

WHY IT MATTERS: this post is a bit theoretical for someone not bathing in digital transformation all day as I do (mostly). It explores what could come next but more importantly stresses an important fact: we now have a new platform - the mobile phone - in our pockets that has the potential to transform our world. We have started to see this with eCommerce - physical retail stores become irrelevant and we can price compare from anywhere - but we have yet to see the real impact of eCommerce+mobile+cloud+5G. THIS is what I think about most days...

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A pandemic digital silver lining: Companies digitized many activities 20 to 25 times faster during COVID-19 via @McKinsey

A pandemic digital silver lining: Companies digitized many activities 20 to 25 times faster during COVID-19 via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

We asked executives how long they expected it would have taken their companies prepandemic to digitize 12 different activities and how long it actually took them once the coronavirus hit.

Farid Mheir's insight:

WHY IT MATTERS: "quand on veut, on peut".

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"The origins of C programming language" from @Arstechnica is a history lesson on the genesis of #software development and #computer engineering #mustRead - and listen to the video

"The origins of C programming language" from @Arstechnica is a history lesson on the genesis of #software development and #computer engineering #mustRead - and listen to the video | WHY IT MATTERS: Digital Transformation | Scoop.it

In the early 1960s, it was common to think, ‘We are building a new computer, so we need a new programming language,’

Farid Mheir's insight:

WHY IT MATTERS: this short article is must read for anyone in the field to understand where things we used today come from (web, PHP, etc.). A bit technical but very approachable, what strikes me most is that everything we used today - Internet, iPhones, eCommerce & digital transformation in general - are no more than 60-70 years old. We are digital puberty with 40 year old software parents. Keep that in mind as you think about your digital transformation. 

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This #startup AID:Tech is creating legal identities for a billion people and makes the case why having a #digitalIdentity has become essential for us all via @WEForum

This #startup AID:Tech is creating legal identities for a billion people and makes the case why having a #digitalIdentity has become essential for us all via @WEForum | WHY IT MATTERS: Digital Transformation | Scoop.it

A billion people in the world have no legal identity. Without an ID they can’t open a bank account, get a loan, or even vote. Now a tech entrepreneur has come up with an answer.

Farid Mheir's insight:

WHY IT MATTERS: an amazing article from WEF about how important digital identity is. The diagram is also a great summary of the potential use cases for digital IDs. In short: its way more than a digital version of your passport.

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A simple framework to prioritize Enterprise Digital Investments during COVID-19 #digitalTransformation

A simple framework to prioritize Enterprise Digital Investments during COVID-19 #digitalTransformation | WHY IT MATTERS: Digital Transformation | Scoop.it

This Gartner research helps executive leaders prioritize digital business efforts to satisfy near-term needs with the longer-term goal of being future-ready.

Farid Mheir's insight:

WHY IT MATTERS: this short article presents an interesting framework to prioritize digital projects - although a bit weak on actual content.

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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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Speaking of #eCommerce returns: why not reuse, recycle, repair? Measuring the impact of circular economy via @BoardofInnovation

Speaking of #eCommerce returns: why not reuse, recycle, repair? Measuring the impact of circular economy via @BoardofInnovation | WHY IT MATTERS: Digital Transformation | Scoop.it

Learn what circular impact means and how you can measure it for your business! It's important to translate your strategy into tangible KPIs and measurable targets.

Farid Mheir's insight:

WHY IT MATTERS: a beautiful illustration of the circular economy and the multiple options to consider before the landfill.

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The Disruption of Management Consulting via @CBInsights

The Disruption of Management Consulting via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

Since former BCG consultant Clayton Christensen first used the term "disruptive innovation" in 1995, nimble startups have challenged incumbents in every field from music to manufacturing. Now, a tectonic disruption is hitting management consulting just as it has hit many other industries.

Farid Mheir's insight:

WHY IT MATTERS: this report presents the case for the disruption of consulting by small firms like mine as it is enabled by digital technologies. Fascinating read.  

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Amazing #mustRead article on Work-from-Anywhere from @HBR highlights the PROs & CONs & best practices - most of all, it stresses that small towns will become very attractive, and barriers like H1B ...

Amazing #mustRead article on Work-from-Anywhere from @HBR highlights the PROs & CONs & best practices - most of all, it stresses that small towns will become very attractive, and barriers like H1B ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Best practices for all-remote organizations

Farid Mheir's insight:

WHY IT MATTERS: this well-researched article highlights the PROs & CONs of work from anywhere - WFA - and provides best practices from large companies that have done this at scale (1300 WFA employees at GitHub). A reference for us all in digital transformation and also a showcase for the real impact of our work: large cities may struggle to attract people versus small towns that have lower cost of living and little traffic, countries may find that work visas need to be adapted to limit remote workers (how to do that), etc.

All in all, it may be the biggest transformation that digital brings: a societal change. Who knows...

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Raising your Digital Quotient via @McKinsey is 5 years old and has not aged a day since then, check it out! #lepanierbleu #digitalTransformation

Raising your Digital Quotient via @McKinsey is 5 years old and has not aged a day since then, check it out! #lepanierbleu #digitalTransformation | WHY IT MATTERS: Digital Transformation | Scoop.it

McKinsey has been conducting an in-depth diagnostic survey of 150 companies around the world. By evaluating 18 practices related to digital strategy, capabilities, and culture, we have developed a single, simple metric for the digital maturity of a company—what might be called its Digital Quotient, or DQ. This survey reveals a wide range of digital performance in today’s big corporations (exhibit).

Farid Mheir's insight:

WHY IT MATTERS: I wrote about this when it came out and it feels like the McKinsey Digital Quotient remains as meaningful today as it was 5 years ago. The DQ helps identify the criteria for digital transformation and visualize if your company is above or below average...

See criteria and more here: www.mckinsey.com/featured-insights/digital-disruption/raise-your-digital-quotient 

alishbachohan4@gmail.com's comment, October 19, 2020 1:34 AM
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3-step #digitalTransformation #maturityModel from @contenly: 1) Exploration 2) Unification 3) Transformation

3-step #digitalTransformation #maturityModel from @contenly: 1) Exploration 2) Unification 3) Transformation | WHY IT MATTERS: Digital Transformation | Scoop.it

A road map towards becoming a digital-first organization.

Farid Mheir's insight:

WHY IT MATTERS: this maturity may be overly simplistic but the plan is sound. Start with exploration, proof-of-concepts, prototypes, etc. Then move on the unification of processes to finalize with transformation!

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Gartner Hype Cycle for the Digital Workplace 2020 post-covid highlights a number of digital technologies that enable remote workers #digitalTransformation #digitalWorkplace

Gartner Hype Cycle for the Digital Workplace 2020 post-covid highlights a number of digital technologies that enable remote workers #digitalTransformation #digitalWorkplace | WHY IT MATTERS: Digital Transformation | Scoop.it

Large enterprises needing to pivot quickly and push innovation to the edges may be encumbered by heavy management and control structures. However, internal talent marketplaces have the potential to change that. They establish trust through feedback mechanisms. They allow for worker-led innovation and help workers take full control of their careers. They enable much better and more granular tracking of the skills, competencies, knowledge and interest of individual workers. This, in turn, will give enterprises a much better view of their workforce and improve workforce planning. Internal talent marketplaces will help bring about leaner, more agile and more adaptable organizations.

Farid Mheir's insight:

WHY IT MATTERS: this report is a great summary of the digital technologies that can support the remote workers as part of digital transformation of businesses.

alishbachohan4@gmail.com's comment, October 19, 2020 1:39 AM
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