WHY IT MATTERS: Digital Transformation
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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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2020 @Seraphim #SpaceTech sector map representing the most promising start-ups in the domain is not about #digitalTransformation ... or is it?

2020 @Seraphim #SpaceTech sector map representing the most promising start-ups in the domain is not about #digitalTransformation ... or is it? | WHY IT MATTERS: Digital Transformation | Scoop.it

Space Tech map for 2020 represents the most promising venture backed startups in the space domain and they segment the Space Tech ecosystem into 7 categories.

Farid Mheir's insight:

WHY IT MATTERS: can we consider space exploration startups as part of corporate digital transformation? Probably not but:

1) it is great to see this happening and very "startrek" 

2) some space solutions are bound to have an impact on companies - think spaceX #starlink constellation of satellites that give low latency high bandwidth internet connection worldwide

So yeah, I think it is ;-)

TheReferralGuyUK's comment, June 14, 2020 11:15 AM
ok
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Coronavirus will test remote work and remote learning - but most companies aren't built for the virtual world and thus need more than #technology to make it work

Coronavirus will test remote work and remote learning - but most companies aren't built for the virtual world and thus need more than #technology to make it work | WHY IT MATTERS: Digital Transformation | Scoop.it

Most companies and universities aren't built for the virtual world.

  • They're filled with managers and professors who value face-to-face interaction.
  • Workplaces exist precisely because sharing physical space fosters teamwork and sparks creativity.
  • And as Axios' Ina Fried reported this week, there are plenty of jobs that just can't be done remotely.
Farid Mheir's insight:

WHY IT MATTERS:  Sooooo true! we have many technologies to enable remote work, from videoconferencing to shared documents with collaborative editing. The problem is that humans want - need? - to meet face to face, to interact in meaningless fashion, to foster creativity, innovation, and develop a sense of community with fellow employees.

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Let's put #AI in perspective and consider how long it will take for AI to Exceed Human Performance - expert predictions vary widely & yet the impact within 10 to 25 years (our lifetime for sure) ar...

Let's put #AI in perspective and consider how long it will take for AI to Exceed Human Performance - expert predictions vary widely & yet the impact within 10 to 25 years (our lifetime for sure) ar... | WHY IT MATTERS: Digital Transformation | Scoop.it

The experts predict that AI will outperform humans in the next 10 years in tasks such as translating languages (by 2024), writing high school essays (by 2026), and driving trucks (by 2027).
But many other tasks will take much longer for machines to master. AI won’t be better than humans at working in retail until 2031, able to write a bestselling book until 2049, or capable of working as a surgeon until 2053.

Farid Mheir's insight:

WHY IT MATTERS: we hear too much about AI with many experts fighting hard to make the difference between AI, machine learning and deep learning. My summary is that AI is a long way in the future but that machine learning impacts will be well within my lifetime - 10 to 25 years from now. This is what I prepare my customers for in my strategic plans.

Taskiy's comment, February 23, 2019 1:46 AM
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Transform Episode #1 : Business Transformation “The 10,000 Foot View” from and pals at Wikibrands #wikitransform #digitalTransformation @doylebuehler @SeanMoffitt @Andrea_Kates

Transform Episode #1 : Business Transformation “The 10,000 Foot View” from and pals at Wikibrands #wikitransform #digitalTransformation @doylebuehler @SeanMoffitt @Andrea_Kates | WHY IT MATTERS: Digital Transformation | Scoop.it
A powerhouse squad of members of the Wikibrands Collective discussing some of the general discussions and debates on business and digital transformation. 
  1. What is “business transformation”?
  2.  What’s the role of technology?
  3.  What is business transformation trying to achieve?
  4.  What is the biggest success factor of business transformation?
  5.  What is the top barrier to transformation?
Farid Mheir's insight:

WHY IT MATTERS: a shameless bit of self promotion for our first webcast on digital transformation with other members of the wikibrands collective that is starting to take shape. Short, 20 minutes discussion on important topics to consider regarding digital transformation

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Beware of the digital cliff: digital transformation happens very fast and companies must prepare for that event, even though its timing is difficult to determine #exponentialGrowth #digitalDisruption

Beware of the digital cliff: digital transformation happens very fast and companies must prepare for that event, even though its timing is difficult to determine #exponentialGrowth #digitalDisruption | WHY IT MATTERS: Digital Transformation | Scoop.it

Digital transformation does not happen slowly over time, but rather abruptly after a long period of denial by industry leaders.

Farid Mheir's insight:

WHY IT MATTERS: this post from 2013 is still as valid today as it was 5 years ago. Why do so many companies continue to be in denial?

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Organizing for a Digital World - Bain Brief - Bain & Company

Organizing for a Digital World - Bain Brief - Bain & Company | WHY IT MATTERS: Digital Transformation | Scoop.it

How to adjust the operating model and revive stalled digital efforts. Specifically:

- Does the concept of an "organizational structure" still make sense? Or should we move to self-organizing, manager-less teams?
- Should we scrap the idea of careers and employee loyalty in order to attract millennial talent for "tours of duty"?
- Do we really need any specialists in house, or should we do everything through partners in the ecosystem?

Farid Mheir's insight:

WHY IT MATTERS: digital transformation is more than just implementing new technologies. There must also be changes in processes and people, often with different organizational structures. This article from Bain presents different alternatives, along with pros and cons for each.

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