WHY IT MATTERS: Digital Transformation
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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.

doddy frnces's curator insight, March 14, 7:04 AM
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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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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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Where is technology taking the economy? #weekendReading #bleak @McKinsey

Where is technology taking the economy? #weekendReading #bleak @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Erik Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology point out that when automotive transport arrived, a whole group of workers—horses—were displaced, never to be employed again. They lost their jobs and vanished from the economy.
I would add another historical precedent. Offshoring in the last few decades has eaten up physical jobs and whole industries, jobs that were not replaced. The current transfer of jobs from the physical to the virtual economy is a different sort of offshoring, not to a foreign country but to a virtual one. If we follow recent history we can’t assume these jobs will be replaced either.

Farid Mheir's insight:

WHY IT MATTERS: the article very well sums up the changes that will impact us all - and the conclusion is bleak. When production is plentiful, very few have jobs. Having access to what is produced becomes the issue - if you don't have a job, you don't have the means to buy what gets produced. We will enter an era of social tensions and can only hope it will not be resolved in a 3rd world war.

Waqas ALi's curator insight, November 20, 2017 6:33 AM

Custom Logo design services are playing important role in the field of business and marketing most of the companies recognized by their logo.

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Putting In Overtime: 125+ HR Tech Startups In One Infographic

Putting In Overtime: 125+ HR Tech Startups In One Infographic | WHY IT MATTERS: Digital Transformation | Scoop.it
From automation and benefits, to recruitment and coaching, HR tech companies are still disrupting HR.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

I've been tracking the impact of digital in HR for a while and have been surprised at how slow the HR professionals have been embracing the digital tools at their disposal. This summary from CBinsights shows that innovation is very dynamic and that there are many new tools to improve HR. However, I find resistance in the corporate leaders to fully finance HR departments to transform (HR is still seen as a cost center - so you minimize its expense / If you see it as a strategic group then you fund it appropriately because you see returns) - but I also see resistance in HR professionals not willing to transform their processes and ways of doing things. Lots to do in this field IMHO.

 

Also read:

http://fmcs.digital/blog/tag/hr/

http://www.scoop.it/t/digital-transformation-of-businesses/?tag=HR 

- www.rekruti.com

 

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How I Burned 10 Million Dollars So You Don’t Have To.

How I Burned 10 Million Dollars So You Don’t Have To. | WHY IT MATTERS: Digital Transformation | Scoop.it

How I Burned 10 Million Dollars So You Don’t Have To.
(An Education in Humility, Humanity, and Leadership).

In February, my startup (Twenty20) employed 35 people. We had a board-approved plan to scale to 85 by the end of the year. As of July, we were at 55, and well on our way. Now, four months later, our team size is 12.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

I love those stories because they are real-life, pragmatic, and reflect the reality of startups. Should be true not only for startups but intrapreneurs and small groups that burst into life in larger organizations. Lesson to learn: don't grow until you know your business model. Also: self-service is good. Must read to give you confidence, hope and also scare you a little.

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The jobs of the future report stresses 2 two skills you need & human impacts to consider via @weforum

The jobs of the future report stresses 2 two skills you need & human impacts to consider via @weforum | WHY IT MATTERS: Digital Transformation | Scoop.it

Maths ability will get you furthest, says Harvard's Davis Deming. As long as you've got the social skills to go with it.

Could a robot do your job? Millions of people who didn’t see automation coming will soon find out the painful way. The answer is a resounding yes. The World Economic Forum’s Future of Jobs study predicts that 5 million jobs will be lost before 2020 as artificial intelligence, robotics, nanotechnology and other socio-economic factors replace the need for human workers.

Farid Mheir's insight:

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.

Gonzalo Moreno's curator insight, December 9, 2016 5:06 AM
TASK Management vs. PEOPLE Management, a superclassic...
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Not All Tech Destroys Jobs

Not All Tech Destroys Jobs | WHY IT MATTERS: Digital Transformation | Scoop.it
For example, working at a tollbooth may be a secure job. But whatever gains the economy gets from having people making change at tollbooths are more than offset by the loss of time that results when other people have to wait in traffic to enter a toll road. Starting in October, the Massachusetts Turnpike Authority will shift to entirely automatic tolls. Machines will do all the work of collecting tolls, and toll collectors either will be reassigned to other positions within the authority or will have to find new jobs. But traffic will flow more easily, leading to big gains in efficiency for truckers and people getting to work, and less waste of fuel.
Farid Mheir's insight:

With the introduction of robots, the fear is that humans will loose their jobs. In the short term at least, it may only transform work.

 

WHY THIS IS IMPORTANT

Any strategic plan should include a chapter on robotics and the replacement of human labour with robots (and possible AI as well). The article shed some insights on historical perspective - farmers have not disappeared with introduction of mechanical devices but they have become much more productive - as well as raises some interesting ideas about our cohabitation with robots in the near future.

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Chart shows jobs most likely to be done by robots in the future & what to do about it

Chart shows jobs most likely to be done by robots in the future & what to do about it | WHY IT MATTERS: Digital Transformation | Scoop.it

Mckinsey ran a comprehensive study of nearly 800 different jobs in the United States, ranging from CEOs to fast food workers. Between these roles, they found 2,000 individual work activities, and assessed them against 18 different capabilities that could potentially be automated. In their analysis, they found that 45% of work activities representing $2 trillion in wages can already by automated based on proven technology that currently exists. A further 13% of work activities in the U.S. economy could be automated if the technologies used to understand and process human language were brought up to the median human level of competence.

Farid Mheir's insight:

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. 

Abel Linares's curator insight, July 30, 2016 1:08 PM
Potencial amortización #digital del #trabajo según Mckinsey.
Gráfico interactivo que analizar 800 trabajos diferentes.

Concluye que con la tecnología actual el 45% del trabajo se puede automatizar, un 13% adicional cuando las máquinas entiendan el lenguaje humano a un nivel de ciudadano medio.

 Las previsiones son instalar 1.3 millones de robots entre 2015 y 2018
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