WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Is the level of spreadsheets use in organization a good indicator of the bad state of IT systems? I think so #CIO #selfService

Is the level of spreadsheets use in organization a good indicator of the bad state of IT systems? I think so #CIO #selfService | WHY IT MATTERS: Digital Transformation | Scoop.it

Even before congested ports and parts and labor shortages began to snarl supply chains in 2020, companies needed to update their supply-chain technology. They haven’t done themselves any favors by clinging to manual systems and antiquated software, including one widely used application that’s so old the provider will soon stop supporting it.

Farid Mheir's insight:

WHY IT MATTERS: this chart from McKinsey highlights the high use of spreadsheet for planning and seems to directly link to the type of systems in use (SAP appears bad for people to get the data they need but more modern systems like E2Open do not seem to suffer the same faith). In my experience I use the inventory of excels that people use as a proxy to how good (or bad) the IT systems are.

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Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning

Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning | WHY IT MATTERS: Digital Transformation | Scoop.it

A detailed study of machine intelligence in industrial and manufacturing operations reveals the surprisingly different paths companies can take. But a group of leaders shares similar characteristics.

Farid Mheir's insight:

WHY IT MATTERS: AI delivers real value in the manufacturing and production side of business. The McKinsey report shows ML and AI impacts bottom line more than top line, and that the field remains immature with the need for center of excellence and help from academia. Overall a useful reference when planning for back office and supply chain improvements.

lebens's curator insight, March 16, 2022 9:28 PM
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Why you need a CTO, and what is their role? via @McKinsey

Why you need a CTO, and what is their role? via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Feeling unprepared for technical disruption? A well-structured role for a chief technology officer is a first line of defense.

Farid Mheir's insight:

WHY IT MATTERS: CTO position often comes up in discussions, and more often than not the question is "what do they do?". This is a good start to think about it.

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The Future of Commerce: Industry Report (2022) by @Shopify is full of great insights, trends and recommendations #mustRead #eCommerce

The Future of Commerce: Industry Report (2022) by @Shopify is full of great insights, trends and recommendations #mustRead #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Download Shopify’s Future of Commerce report for sound predictions from commerce leaders and business forecasts that will impact 2022 and beyond.

Farid Mheir's insight:

WHY IT MATTERS: wow! not often do I stumble upon a trend report that actually has valuable insights, trends and recommendations. And not too biased towards Shopify!

I pulled one chart on the importance of customer service but there are many more. Must read for anyone serious about eCommerce, big or small.

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"Tech questions for 2022" by @benedictevans may actually provide the answer to #digitalDisruption

"Tech questions for 2022" by @benedictevans may actually provide the answer to #digitalDisruption | WHY IT MATTERS: Digital Transformation | Scoop.it

Sometimes the centre of gravity in tech is very clear, but as we enter 2022 there are lots of areas where trillion dollar questions are wide open. These are the questions I wonder about today, from crypto to cars to fast fashion - there are others.

Farid Mheir's insight:

WHY IT MATTERS: this list of technology questions for 2022 feels like an answer to the question "what is digital disruption?".

We have reached a moment in time where old technologies - eCommerce or videoconferencing for example - are finally breaking into established industries. And the impact, at scale, cannot be found in technology but rather in every single industry it disrupts.

Very thoughtful piece, very good questions.

doddy frnces's curator insight, March 14, 7:04 AM
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3 Trends Surface in the Gartner Emerging Technologies Hype Cycle for 2021

3 Trends Surface in the Gartner Emerging Technologies Hype Cycle for 2021 | WHY IT MATTERS: Digital Transformation | Scoop.it

Nonfungible tokens (NFTs), digital humans and physics-informed AI join the 25 technology profiles on the Gartner emerging technologies hype cycle for 2021.

Farid Mheir's insight:

WHY IT MATTERS: a complement to the emerging technologies article for 2021-2023.

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2021-2023 Emerging Technology Roadmap for Large Enterprises by @Gartner highlights the risk associated with new tech - and there is a lot of red

2021-2023 Emerging Technology Roadmap for Large Enterprises by @Gartner highlights the risk associated with new tech - and there is a lot of red | WHY IT MATTERS: Digital Transformation | Scoop.it

Emerging Technology Roadmap benchmark adoption plan, risk factors, and value drivers. Use this roadmap to help you make technology investment decisions for the coming 12- to 24-month time period.

Farid Mheir's insight:

WHY IT MATTERS: I like the fact that Gartner highlights the risk of those technologies, as this is not often done. Of interest, note that there is a lot of red in the diagram. OVerall, the diagram is useful to identify technologies in a strategic planning session. Unfortunately, the document is only a visual summary: I assume the details require Gartner membership. So go out and find a CIO friend with an access ;-)

Also versions for mid-size enterprise or other (small?).

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Drive Shopper Relevance With AI-Driven Digital Commerce Search claims that #AI search is a must have in our age of #marketplaces and #mobile

Drive Shopper Relevance With AI-Driven Digital Commerce Search claims that #AI search is a must have in our age of #marketplaces and #mobile | WHY IT MATTERS: Digital Transformation | Scoop.it

The majority of US online adults want retailers to provide advanced site search features — and will reward merchants that do so with greater loyalty and lower operational costs (e.g., lower returns and fewer contact center calls). To provide the best in product findability and consumer convenience, merchants must explore how new relevance tools powered by AI and machine learning (ML) can boost KPIs for engagement, conversion, and loyalty.

Farid Mheir's insight:

WHY IT MATTERS: search is clearly an essential component of eCommerce sites. With the move to small screen mobile devices and marketplaces with millions of products, finding what you need is not a question of browsing categories or keyword searches. eCommerce sites need AI-driven search solutions that enable users to ask questions in natural language and get personalized results in return. At least this is the claim here. With the rise of privacy, this is not easy . But data seems to suggest that users will give very personal information if and only if it delivers value to them, and indirectly for the retailer (higher conversion, etc.). Anyways, very interesting read.

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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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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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Scooped by Farid Mheir
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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?

Kidelp's curator insight, May 29, 2021 1:49 AM

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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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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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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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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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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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"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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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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One of the best visualizations of #collaboration tools: different tools for different tasks in today's #RemoteWork strategies HT @dhincliffe 

One of the best visualizations of #collaboration tools: different tools for different tasks in today's #RemoteWork strategies HT @dhincliffe  | WHY IT MATTERS: Digital Transformation | Scoop.it

At the top of most organizations' priority lists right now is how to keep their workers productive and engaged. Except for in-person businesses and essential workers, the workforce has largely been physically disbanded until the pandemic comes to an end, one way or another. In unprecedented fashion, technology has suddenly become one of the single…

Farid Mheir's insight:

WHY IT MATTERS: this article shows collaboration best practice and offers useful visuals to understand the perfect use of the collaboration tools out there.

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Perfect time to be a #technology or #agile professional as the postpandemic workforce will require your skills says @McKinsey global survey of 800 executives

Perfect time to be a #technology or #agile professional as the postpandemic workforce will require your skills says @McKinsey global survey of 800 executives | WHY IT MATTERS: Digital Transformation | Scoop.it

Responses to a McKinsey global survey of 800 executives suggest a disruptive period of workplace changes lies ahead due to acceleration of automation, digitization, and other trends.

Farid Mheir's insight:

WHY IT MATTERS: no surprise, companies will hire technologists and agile methodology experts post confinement to enable their remote workforce ... and reduce the need for humans!

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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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#mustRead background info on @Neuralink and the Brain in order to understand the profound fundamental changes that neural implants can provide in our quest to #digitalTransformation - a primer befo...

#mustRead background info on @Neuralink and the Brain in order to understand the profound fundamental changes that neural implants can provide in our quest to #digitalTransformation - a primer befo... | WHY IT MATTERS: Digital Transformation | Scoop.it

The mind-bending bigness of Neuralink’s mission, combined with the labyrinth of impossible complexity that is the human brain, made this the hardest set of concepts yet to fully wrap my head around—but it also made it the most exhilarating when, with enough time spent zoomed on both ends, it all finally clicked. I feel like I took a time machine to the future, and I’m here to tell you that it’s even weirder than we expect.

Farid Mheir's insight:

WHY IT MATTERS: this long read is an easy to read starter on the brain, how it evolved and how it works. An essential primer for understanding the profound impact that neuralink can have in the long term future (think decades). 

Neuralink product demo of Aug 28, 2020: www.youtube.com/watch?v=DVvmgjBL74w

Also this provides good background for then reading "on intelligence", "how to create a mind" or "superintelligence"

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