WHY IT MATTERS: Digital Transformation

WHY IT MATTERS: warning! this article is not about your typical "robots will rule retail" or "everything has to be AI driven unless you die". Well, in some parts it is.

The reality check that retailers - and their technology vendors - must make is: retail is difficult, focused on the bottom line, with no appetite for innovation with short term results. Retail innovators must find a way to experiment while staying focussed on the bottom line.

Best quote: "‘I think the majority of the problems come from the unwillingness, perhaps the fear, of investing in something that
doesn’t automatically bring a load of cash onto your balance sheet."

WHY IT MATTERS: the scores and the ranking is not important. This list is meaningful because it shows just how broad and deep the automation has become in retail stores. Expect to see a lot of those in your local shopping destination.

WHY IT MATTERS: once we get over the health crisis, we will need to address the economic crisis. Key supply chain technologies will offer retailers and manufacturers solutions to reduce cost and their dependency on global trade fluctuations.

WHY IT MATTERS: quelques-unes des innovations du récent salon NRF à New York.

WHY IT MATTERS: always good to look beyond digital transformation into practical applications of the digital technologies. In particular, #2,6,7 in the list. Here an extract from the #7 highlights an application of blockchain which we've been tracking for a while as a disruptive digital technology that has received a lot of bad press with the bitcoin debacle but that has real future...

"Together, a pair of technologies could reduce both food poisoning and food waste. The first, an innovative application of blockchain technology (better known for managing virtual currency) is beginning to solve the traceability problem. Enhanced food packaging, meanwhile, is providing new ways to determine whether foods have been stored at proper temperatures and whether they might have begun to spoil."

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.

WHY IT MATTERS: being able to control devices without your hand - using eyes or voice - is still being explored. I find this a great example of merging new technologies - drone, eye gazing, AI - to expand digital transformation beyond the current scope envisioned today.

WHY IT MATTERS: A good summary of potential use cases and applications for key digital technologies that revolutionize business.

WHY IT MATTERS : the video provides a great review of the state of technology when it comes to robots and robotics today from one of the leading researcher in the field. The talk is peppered with short videos of actual robots so you get a good sense of what's possible today. But remember that we live in an exponential growth era, so things improve very fast.

WHY IT MATTERS: a short 15min video to listen to this weekend and bring very good conversation topics for Sunday dinner with the kids...

WHY THIS IS IMPORTANT

Investment firms tend to be very traditional in their approach. This one appears to be embracing the digital transformation and making very insightful research that - from what they claim - guides their investments. Great idea. Now we'll see if their assumptions prove right and generate more returns than other investment guidance. I have a feeling it will.

Topics covered: 3D printing, additive manufacturing, artificial intelligence, automation, autonomous taxis, autonomous vehicles, bitcoin, blockchain, CRISPR, cryptocurrency, deep learning, dna sequencing, fintech, genomics, machine learning, mobile, robotics, shared autonomous vehicles

WHY THIS IS IMPORTANT

I usually repost those things around new years, with all the predictions etc. but this list seemed to me so appropriate and so true that I wanted to share now.

WHY THIS IS IMPORTANT

Are we on the eve of an era where the Fortune 500 is replaced by the "AI 100"?

This may be more realistic than you think if the current predictions regarding the future of work push humans to service each other and let all the "work" be done by machines - robots and AI.

We are not there yet and this list merely reports 100 startups that are very active in the field AI. Nevertheless, it is interesting to consider what impact AI may have and adjust our digital strategies accordingly...

Fortune magazine has also created a very interesting infographics from this mountain of data: http://fortune.com/2017/02/23/artificial-intelligence-companies/ 

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.

An interactive chart that graphs 800 different jobs along with their automation potential - as estimated by McKinsey.

WHY THIS IS IMPORTANT

If you are in school or just out of school, this chart should be of particular interest. For all the others, this is essential must read tooling when preparing strategy and planning for the future of your business unit, organization - large or startup.

Jobs with highest potential for automation represent opportunities for cost reduction, process improvements to reduce lead times, or creation of the automated tools and software that will replace them. For example:

• medical appliance technicians: 100% automation potential. If you are in this field your business plan should include major shift from human workers to robots. If employees are unionized, look at contract negotiation and employee retraining. If you build medical appliance, ensure your hard-software appliance includes the necessary components to make this automation simple and effective.
• sewing machine operators: 100% automation potential, 143K workers in the US. Replacing human by robot sewing machine is efficient but will require capital expenditures: has it been forecasted in your budgets? If that throws your business model out of whack, you have to think like a startup and "pivot" your company to a different yet adjacent space such as custom apparel design and fabrication.

And 798 other sources of inspiration.