WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Evolving the enterprise architect role for a digital world via @McKinsey points in the right direction but misses the target: EA is not a ROLE but a PRACTICE that many in the organization should ma...

Evolving the enterprise architect role for a digital world via @McKinsey points in the right direction but misses the target: EA is not a ROLE but a PRACTICE that many in the organization should ma... | WHY IT MATTERS: Digital Transformation | Scoop.it

Enterprise architects still have an important role to play at large incumbents, but they need to evolve in three ways.

Farid Mheir's insight:

WHY IT MATTERS: McKinsey is right to highlight the importance of enterprise architecture in the digital world.

Where they miss the boat in their analysis is that EA is not a ROLE but rather a PRACTICE that many people in the organization should master.

EA provides the tools and methodologies to analyze complex options and determine the most appropriate one. EA looks at business plan, capabilities, data, systems, infrastructure, security and governance required to determine the people, process and technologies needed to deliver value.

They say it best in the article when they suggest to 'Build an architecture mindset across the company" and demand that Enterprise Architects - if such role & title remains relevant - need to work on their soft skills and get their hands dirty.

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50 Cognitive Biases to be Aware of so You Can be the Very Best Version of You

50 Cognitive Biases to be Aware of so You Can be the Very Best Version of You | WHY IT MATTERS: Digital Transformation | Scoop.it

The human brain is pretty tricky: While we think we know things, there’s a whole list of cognitive biases that can be gumming up the works.

Farid Mheir's insight:

WHY IT MATTERS: always good to know these things.

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The Strangler Fig Application #pattern is a great analogy for most digital transformations: it is easier + faster + cheaper to grow a new solution that replaces the old one than do a complete rip-n...

The Strangler Fig Application #pattern is a great analogy for most digital transformations: it is easier + faster + cheaper to grow a new solution that replaces the old one than do a complete rip-n... | WHY IT MATTERS: Digital Transformation | Scoop.it

The most important reason to consider a strangler fig application over a cut-over rewrite is reduced risk. A strangler fig can give value steadily and the frequent releases allow you to monitor its progress more carefully. Many people still don't consider a strangler fig since they think it will cost more - I'm not convinced about that. Since you can use shorter release cycles with a strangler fig you can avoid a lot of the unnecessary features that cut over rewrites often generate.

Farid Mheir's insight:

WHY IT MATTERS: Martin Rousseau highlighted this pattern recently. It represents what we've been doing for years in our practice. Case in point. You need a new eCommerce solution but there is an existing one, integrated with the ERP for years. Full of limitations, yet it works. Impossible to support the new use cases without huge investments and delays. Rip-n-replace is expensive and dangerous, plus you have to keep operating during the 9 to 18 months you build the new one.

This pattern suggests you should build a new solution quickly that leverages extensively the old one and the ERP and the systems in place. Then over time replace parts so that over the course of 3-4 years the old systems can be taken out without pain.

 

It takes an *exceptional* manager to put this solution forward and corry its execution over time though. Biggest challenge IMHO.

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5 #digitalTransformation areas for Boards via @McKinsey - Does your Board do that? Heck, does your *management* do that? Having senior executives with the interest or knowledge about the topics in ...

5 #digitalTransformation areas for Boards via @McKinsey - Does your Board do that? Heck, does your *management* do that? Having senior executives with the interest or knowledge about the topics in ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Boards can add value to their business’s digital transformation in five specific areas.

Farid Mheir's insight:

WHY IT MATTERS: not sure many senior executives, with backgrounds in Finance or Law, have the knowledge or interest to raise those topics and show their limited understanding of the whole thing. Then again, maybe it's just me...

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What employees are saying about the future of remote work #survey via @McKinsey

What employees are saying about the future of remote work #survey via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Survey results show employees are feeling anxious about post-pandemic working arrangements and the future of remote work, even if you don’t yet know what to tell them.

Farid Mheir's insight:

WHY IT MATTERS: interesting stats and useful information for all companies as they make their plans for return to the office. In particular this stat which indicates that 1 in 3 may look elsewhere if return to the old way is projected.

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#Rituals are the new corporate buzzword as we decide the best balance between work from home #WFH or in the office - but in the end human behaviour should drive the decision via @TheGuardian @BradM...

#Rituals are the new corporate buzzword as we decide the best balance between work from home #WFH or in the office - but in the end human behaviour should drive the decision via @TheGuardian @BradM... | WHY IT MATTERS: Digital Transformation | Scoop.it

The long read: For decades, anthropologists have been telling us that it’s often the informal, unplanned interactions and rituals that matter most in any work environment. So how much are we missing by giving them up?

Farid Mheir's insight:

WHY IT MATTERS: returning to the office, yes or no? full time or part time? The talk of the town these days it seems. More important question is: WHY return to the office? To sit in front of a computer all day? Nope. The buzzword seems to be all about caring for ancestral human behaviours and needs: rituals, tribes, ... Anthropology more than technology.

 

This long article from The Guardian explains what they are with some useful examples. It details with success the experience of early adopters of digital technologies and their experiments with new office behaviours that digital transformation mandates.

 

The article reminds me of my software development experience. As I started to use Agile methodology and 3 week sprints, I found that it was best to have everyone on-site for the first few days of the sprint, to align everyone and let design decisions flow from conversations between team members. When the backlog was groomed and everyone was coding, then developers were better at home for the next few days, at their own pace and schedule using videoconferencing and messaging to share. Then bring them back for the final crunch - all together to pull in with the testers and the UAT team. So not 2 days home, 3 days in the office. More like 2 day workshop, then half day meetings to regroup every few days, then 2-3 days (or more) of crunch time before the sprint end.

 

For digital transformationalists like me, office rituals are important because the remote working tools have serious limitations and it is often best to sit next to your colleagues at regular intervals to be productive and efficient.

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What Makes an Online Marketplace Disruptive? via @HBR #ecommerce #retail

What Makes an Online Marketplace Disruptive? via @HBR #ecommerce #retail | WHY IT MATTERS: Digital Transformation | Scoop.it

For a marketplace to be disruptive, it must identify either new supply, new demand, or both — targeting individuals or businesses who were unable to profitably produce or consume goods and services in incumbent channels. And the most powerful disruptive marketplaces are often those that simultaneously connect nonconsumers with nonproducers.

Farid Mheir's insight:

WHY IT MATTERS: an essential read to best define new marketplaces and have a chance to compete against Amazon

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The Cloud Paradox: #cloudComputing flexibility is a tax that enables #startups to grow fast and agile, but when they become large enough, that same "tax" amputates *billions* in market value #mustRead

The Cloud Paradox: #cloudComputing flexibility is a tax that enables #startups to grow fast and agile, but when they become large enough, that same "tax" amputates *billions* in market value #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

There is no doubt that the cloud is one of the most significant platform shifts in the history of computing. Now, there is a growing awareness of the long-term cost implications of cloud. As the cost of cloud starts to contribute significantly to the total cost of revenue (COR) or cost of goods sold (COGS), some companies have taken the dramatic step of “repatriating” the majority of workloads (as in the example of Dropbox) or in other cases adopting a hybrid approach (as with CrowdStrike and Zscaler). Those who have done this have reported significant cost savings: In 2017, Dropbox detailed in its S-1 a whopping $75M in cumulative savings over the two years prior to IPO due to their infrastructure optimization overhaul, the majority of which entailed repatriating workloads from public cloud.

Farid Mheir's insight:

WHY IT MATTERS: this article explores the cost of cloud computing for large SaaS companies that rely on cloud computing to run and operate their business. The basic argument is that cloud computing is amputating Billions from the market value of those large organizations. It should be read by every software engineer in every corporation and the proposed solutions implemented rapidly.

 

This statement summarizes the post best: "For a new startup or a new project, the cloud is the obvious choice. And it is certainly worth paying even a moderate “flexibility tax” for the nimbleness the cloud provides. The problem is, for large companies — including startups as they reach scale — that tax equates to hundreds of billions of dollars of equity value in many cases… and is levied well after the companies have already, deeply committed themselves to the cloud (and are often too entrenched to extricate themselves)."

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7 key lessons on technology and business via @McKinsey shows that #IT transformations deliver more value on the bottom line than the top line #CIO

7 key lessons on technology and business via @McKinsey shows that #IT transformations deliver more value on the bottom line than the top line #CIO | WHY IT MATTERS: Digital Transformation | Scoop.it

McKinsey Global Survey on technology and the business suggests that even in the crisis’s earlier days,1 respondents were reporting progress on their integration of technology and business—and that these efforts were creating tangible business value across four measures, including new revenue streams and lower costs. The results also suggest that, on average, some transformation activities result in more impact than others (namely, those related to talent and capabilities). And according to the data, the companies with top-performing IT organizations have differentiated themselves from others in their efforts to create value, adopt new technologies, and bring technology and business closer together. More specifically, the results point to seven key lessons about technology transformations.

Farid Mheir's insight:

WHY IT MATTERS: there are now enough company experience to start drawing conclusions and best practice. What's interesting here is that IT transformation (not *All* digital transformations) have bigger success when they focus on bottom line improvements than top line ones. Yet, most projects focus on the top line. Hhhhmmmm, this should make some CIOs review their project portfolio, no?

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The future of work is hybrid says @McKinsey. My take: human nature will dictate how much work you'll do in an office. Those that DO will work remote, those that MANAGE will go back to the office, p...

The future of work is hybrid says @McKinsey. My take: human nature will dictate how much work you'll do in an office. Those that DO will work remote, those that MANAGE will go back to the office, p... | WHY IT MATTERS: Digital Transformation | Scoop.it

Organizations are clear that postpandemic working will be hybrid. After that, the details get hazy.

Farid Mheir's insight:

WHY IT MATTERS: human nature will dictate return to the office or work from home.

People that DO things for a living - coding, answering calls, writing marketing copy, etc. - don't want to waste 1-2hrs per day traveling to an office to sit in front of the same computer they use at home! Return to the office will not be a huge selling point for them.

People that MANAGE others will crave the visibility and face to face interactions. They will push for a return to the office. And because they are higher up in the food chain, the pressure will be HUGE for workers to return to the office.

Thus I think working remotely will negatively impact your promotion potential within typical organizations and that most workers will goo back to the office at least 3 days per week - even if their work could as well be completed remotely.

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An amazing review of many new developments at Apple that all concern embedding digital into our 3D world - and it goes way beyond #AR and #VR via Robert Scoble

An amazing review of many new developments at Apple that all concern embedding digital into our 3D world - and it goes way beyond #AR and #VR via Robert Scoble | WHY IT MATTERS: Digital Transformation | Scoop.it

I have been talking with hundreds of people across the industry and have discovered that the changes coming to Apple are deeper than just a VR/AR headset. Way deeper. The changes already being worked into products represent tens of billions of dollars of investment.

Farid Mheir's insight:

WHY IT MATTERS: a long read about tens of new developments in the works at Apple from a long time AR-VR industry watcher (he was very bullish about Google glasses back in the day). Nevertheless, the article is a good rundown of what the future of 3D in AR and VR may be. 

What I find great is that it goes beyond the classic AR-VR use cases and into a more fundamental trend of embedding digital into the real world in 3D. The examples of what is being developed in the labs is eye opening. But remember, this is R&D and will take years to become ubiquitous. 

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Google Is Saving Over $1 Billion a Year by Working From Home via @Bloomberg

Google Is Saving Over $1 Billion a Year by Working From Home via @Bloomberg | WHY IT MATTERS: Digital Transformation | Scoop.it

With Covid-19 restrictions lifting, more people are booking trips and hotels online, which is very good for Google’s advertising business. Google’s employees, however, are working from home and not traveling as much on the company dime -- and that’s also good for its business.

Farid Mheir's insight:

WHY IT MATTERS: covid lockdown has frozen travel but one has to wonder: will we ever go back to the level of business travel that we had before? Isn't this really the promise of digital transformation, to let people work as efficiently from home (or the beach) as the office?

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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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