WHY IT MATTERS: Digital Transformation
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90% of US #eCommerce have <1M$ in revenue - Digitally native brands need solutions to benefit from economies of scale 1/4 via @McKinsey

90% of US #eCommerce have <1M$ in revenue - Digitally native brands need solutions to benefit from economies of scale 1/4 via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Today, low barriers to entry have encouraged an explosion of DNBs, flooding the market with the fruits of creative entrepreneurship. However, DNBs that break through with outsize investor returns are rare. Over the past two decades, fewer than 0.5 percent of DNBs have reached $100 million in revenues. In fact, more than 90 percent of businesses that originated through e-commerce earn less than $1 million in annual revenues (Exhibit 1).4 Investors face the challenge of sifting through concepts to determine which are worthy of the capital required to scale a business or buy into an existing company at high multiples.

Farid Mheir's insight:

WHY IT MATTERS: I knew that eCommerce is a mostly a small business game but I never expected that 90% of businesses had <1M$ in revenue. So for most businesses, eCommerce lacks the economies of scale for marketing and logistics for example.

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Google improves image search with its multisearch, bringing an essential component to enhance #eCommerce user experience

Google improves image search with its multisearch, bringing an essential component to enhance #eCommerce user experience | WHY IT MATTERS: Digital Transformation | Scoop.it

Multisearch is an entirely new way to search with images and text at the same time.

Farid Mheir's insight:

WHY IT MATTERS: visual search is a major feature to help discover products as eCommerce marketplaces catalogs explode with millions of products. Text based searches return too many results and categories are often difficult overwhelming.

lavrovsergey756@gmail.com's curator insight, May 8, 8:20 PM
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The Top 100 #Marketplace for 2022 provides insights on the growth of this #eCommerce category, the technology solutions behind them and a glimpse into the future from @a16z

The Top 100 #Marketplace for 2022 provides insights on the growth of this #eCommerce category, the technology solutions behind them and a glimpse into the future from @a16z | WHY IT MATTERS: Digital Transformation | Scoop.it

The 2022 edition of the Marketplace 100 ranks the largest consumer-facing marketplace startups and analyzes the trends behind the next generation of marketplace giants.

Farid Mheir's insight:

WHY IT MATTERS: useful to see the growth of marketplaces in recent years. The list is interesting but the analysis provides insights into what's now become an essential component of eCommerce. And let me tell you from experience, building a marketplace is difficult... ;-)

lavrovsergey756@gmail.com's curator insight, May 8, 8:28 PM
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lavrovsergey756@gmail.com's curator insight, May 8, 8:56 PM
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The five zeroes transforming retail via @McKinsey - the first 3 are #digital & #technology driven

The five zeroes transforming retail via @McKinsey - the first 3 are #digital & #technology driven | WHY IT MATTERS: Digital Transformation | Scoop.it

Recent trends show that consumers now demand much more than value and convenience--and tolerate fewer shortfalls.

Farid Mheir's insight:

WHY IT MATTERS: the first 3 "zeros" are technology-driven.

manstele81@gmail.com's curator insight, April 16, 8:26 PM
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manstele81@gmail.com's curator insight, April 16, 10:27 PM
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manstele81@gmail.com's curator insight, April 17, 12:12 AM
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Scooped by Farid Mheir
Scoop.it!

is #reCommerce really a #thing or just marketing hoopla? find out in this field study on The Rise of Recommerce

is #reCommerce really a #thing or just marketing hoopla? find out in this field study on The Rise of Recommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Secondhand, or recommerce, will grow at 11x the rate of regular retail. If that doesn’t smell like opportunity, I don’t know what does. We at Alpaca wanted to investigate the white space in the…

Farid Mheir's insight:

WHY IT MATTERS: is reCommerce a things for real or is this just a fancy new marketing acronym? In any case, this study provides contact and background and data to explore the concept.

manstele81@gmail.com's curator insight, April 19, 8:02 PM
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manstele81@gmail.com's curator insight, April 19, 9:23 PM
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manstele81@gmail.com's curator insight, April 19, 9:52 PM
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Scooped by Farid Mheir
Scoop.it!

State of E-Commerce 2021 100+ page report has all the details on #startup investments

State of E-Commerce 2021 100+ page report has all the details on #startup investments | WHY IT MATTERS: Digital Transformation | Scoop.it

E-commerce companies worldwide hit records in funding, deals, exits, and more in 2021. 

In our State of E-Commerce 2021 Report, we dig into global investment trends to spotlight takeaways like:

  • The data behind the record year in e-commerce funding, which surpassed $50B for the first time
  • Which sectors led to a doubling in average deal size in 2021
  • The region that raised nearly $4 of every $10 of e-commerce funding during the year
  • The investors choosing the most advanced technologies with the most potential, according to CB Insights’ Mosaic scores
  • Which digital shopping tech companies hit valuations of $1B, spurring a 40% increase in unicorn births
  • And much more
Farid Mheir's insight:

WHY IT MATTERS: this 100+ page document provides amazing world state of eCommerce investments.

lebens's curator insight, March 16, 9:24 PM
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manstele81@gmail.com's curator insight, April 19, 8:05 PM
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Scooped by Farid Mheir
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How to Draft and Enforce a Successful Reseller Pricing Policy is an essential read to #eCommerce retailers and manufacturers @Trackstreet

How to Draft and Enforce a Successful Reseller Pricing Policy is an essential read to #eCommerce retailers and manufacturers @Trackstreet | WHY IT MATTERS: Digital Transformation | Scoop.it

TrackStreet is a MAP, UPP, Authorized Dealer, and Resale Policy platform, which enables you to clean your sales channels and drive growth online and off.
TrackStreet leverages artificial intelligence and automation technologies to relentlessly monitor and reduce brand, MAP, and resale pricing violations, enabling explosive multi-channel growth for many of the most recognizable and respected brands across a wide gamut of industries.

Farid Mheir's insight:

WHY IT MATTERS: if your products are sold online you need to leverage tools that ensure the minimum pricing and other policies are respected by your resellers. this ebook provides insights on what to do, myths and pitfalls.

manstele81@gmail.com's curator insight, April 17, 9:04 PM
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manstele81@gmail.com's curator insight, April 17, 10:06 PM
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manstele81@gmail.com's curator insight, April 17, 10:46 PM
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Scooped by Farid Mheir
Scoop.it!

Introducing the “15-Minute City”: Sustainability, Resilience and Place Identity in Future Post-Pandemic Cities is in part driving innovations in #eCommerce #lepanierbleu #achatlocal

Introducing the “15-Minute City”: Sustainability, Resilience and Place Identity in Future Post-Pandemic Cities is in part driving innovations in #eCommerce #lepanierbleu #achatlocal | WHY IT MATTERS: Digital Transformation | Scoop.it

The socio-economic impacts on cities during the COVID-19 pandemic have been brutal, leading to increasing inequalities and record numbers of unemployment around the world. While cities endure lockdowns in order to ensure decent levels of health, the challenges linked to the unfolding of the pandemic have led to the need for a radical re-think of the city, leading to the re-emergence of a concept, initially proposed in 2016 by Carlos Moreno: the “15-Minute City”. The concept, offering a novel perspective of “chrono-urbanism”, adds to existing thematic of Smart Cities and the rhetoric of building more humane urban fabrics, outlined by Christopher Alexander, and that of building safer, more resilient, sustainable and inclusive cities, as depicted in the Sustainable Development Goal 11 of the United Nations. With the concept gaining ground in popular media and its subsequent adoption at policy level in a number of cities of varying scale and geographies, the present paper sets forth to introduce the concept, its origins, intent and future directions.

Farid Mheir's insight:

WHY IT MATTERS: we have to go back to cities that enable proximity. I am looking for ways to make this happen via #eCommerce and #lepanierbleu. The 15 minute city has become a great way to illustrate the concept. I wish I lived in a 15min city...

manstele81@gmail.com's curator insight, April 17, 10:33 PM
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manstele81@gmail.com's curator insight, April 17, 10:33 PM
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manstele81@gmail.com's curator insight, April 17, 10:48 PM
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How YouTube Uses AI: From Age-Gating to Chapter Indexing sheds light into the ways Google analyzes videos to understand what they contain, for moderation and user insights, including #eCommerce

How YouTube Uses AI: From Age-Gating to Chapter Indexing sheds light into the ways Google analyzes videos to understand what they contain, for moderation and user insights, including #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Age-gating, subtitles, chapters, and recommendations - find out how YouTube's use of AI shapes users' experience and creator's success. In this article, we’ll be taking a closer look at how exactly YouTube harnesses AI, and how this influences the user experience of both viewers and content creators. 

Farid Mheir's insight:

WHY IT MATTERS: interesting read with lots of links and videos to understand some of the tools and techniques YouTube deploys to understand what videos contains. Google then uses this insight to moderate content (ie. 18+) but also provide creators with insights (ie. video segmentation) as well as monetize the content (ie. detect products featured for eCommerce or ad placement). Of course most is machine learning based as evidenced in the chart I extracted, but some good old fashion humans are also part the game. This article helped me view YouTube less as a video broadcast platform than a social media.

manstele81@gmail.com's curator insight, April 17, 10:27 PM
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manstele81@gmail.com's curator insight, April 17, 10:29 PM
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manstele81@gmail.com's curator insight, April 17, 10:35 PM
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Best Practices for Monitoring #eCommerce Performance using #APM solutions

Best Practices for Monitoring #eCommerce Performance using #APM solutions | WHY IT MATTERS: Digital Transformation | Scoop.it

From consideration to checkout, learn how New Relic can help you optimize performance across all your digital channels

Farid Mheir's insight:

WHY IT MATTERS: application performance management solutions like newRelic can go beyond monitoring server performance and deliver insights into business related metrics, which is essential in eCommerce operations.

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Future of #Retail 2022 from @Raconteur provides a collection of interesting stats and trends

Future of #Retail 2022 from @Raconteur provides a collection of interesting stats and trends | WHY IT MATTERS: Digital Transformation | Scoop.it

Read the report and learn:

  1. What consumers bought in 2021: The global consumer behavior report
  2. Product-to-consumer strategies replacing outdated B2C and D2C models
  3. Retailers switching to low-carbon products in a move toward net-zero targets
  4. The challenges for brands as customers demand better shopping experiences
Farid Mheir's insight:

WHY IT MATTERS: a hodgepodge of retail stats and trends and opinions on the current and future state of retail. Provides a very European - no English - viewpoint which is always useful as they are much ahead on the eCommerce front. I highlight their chart on eco-friendliness opportunities which I have not seen elsewhere.

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6 foundational shifts to build a #data #architecture that drives innovation by @McKinsey is a great summary of how it should be done

6 foundational shifts to build a #data #architecture that drives innovation by @McKinsey is a great summary of how it should be done | WHY IT MATTERS: Digital Transformation | Scoop.it

An agile approach to overhauling data architecture improves speed, flexibility, and innovation.

Farid Mheir's insight:

WHY IT MATTERS: I agree with those 6 recommendations.

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Harnessing the power of external #data by @McKinsey is good reminder that it is easier than ever to leverage data from outside - like weather, demographics, ... to enhance your own data & analytics

Harnessing the power of external #data by @McKinsey is good reminder that it is easier than ever to leverage data from outside - like weather, demographics, ... to enhance your own data & analytics | WHY IT MATTERS: Digital Transformation | Scoop.it

Few organizations take full advantage of data generated outside their walls. A well-structured plan for using external data can provide a competitive edge.

Farid Mheir's insight:

WHY IT MATTERS: after you're done enabling analysis of your internal data - from eCommerce, ERP, etc. - you should look at external data - weather, demographics, etc. - to provide context and generate useful insights.

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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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Gartner Predicts 2022: Buyers Dictate your Selling Strategy #eCommerce #CRM #retailTech

Gartner Predicts 2022: Buyers Dictate your Selling Strategy #eCommerce #CRM #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Leading organizations are increasing revenue and improving customer experience by becoming more collaborative, unified and digital-optimized across all of their customer interactions. Application leaders must make strategic technology investments that transform digital selling functions. This report highlights emerging and continuing trends for 2022 including customer's insistence on self-serve and assisted experiences, continued focus on unified commerce especially in terms of customer experience, and the uptick in b2b brands embracing digital.  

Farid Mheir's insight:

WHY IT MATTERS: no surprise in the predictions (eCommerce is here to stay!) but the details are worth reading to understand the trends Gartner mentions.

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Survey of Quebec households confirms predictions we've heard since 2000: digital is #mobile for everything (web, #ecommerce, games, videos, ...) @atn_ulaval @cbourget 

Survey of Quebec households confirms predictions we've heard since 2000: digital is #mobile for everything (web, #ecommerce, games, videos, ...) @atn_ulaval @cbourget  | WHY IT MATTERS: Digital Transformation | Scoop.it

La popularité des services payants de visionnement en ligne a dépassé pour une première fois celle des services de télévision par câble ou fibre optique dans les foyers québécois. L’enquête intitulée Portrait numérique des foyers québécois révèle en effet que 71 % des adultes québécois sont abonnés à au moins un service payant de visionnement en ligne tel Netflix, Amazon Prime ou Disney+ alors que 66 % sont abonnés à un service de télévision par câble ou fibre optique. L’enquête rapporte que le taux d’abonnement à un service de télévision par câble ou fibre optique a diminué de 6 points de pourcentage au cours de la dernière année et de 13 points de pourcentage depuis 2018.

Farid Mheir's insight:

WHY IT MATTERS: useful survey from ATN on digital adoption in QUEBEC. For context (and a good laugh) see this presentation from Sergei Brin of Google in 2000 at Wireless World.

https://www.wired.com/2014/05/brin-mobile-2000/ 

This was the basis for their acquisition of Rubin in 2005.

https://en.wikipedia.org/wiki/Andy_Rubin

 

Interesting question: what technology are we hearing about today that will actually be everywhere in 20 years? blockchain? VR? AR? metaverse? quantum? Pretty tough to predict. I put my money on blockchain + AR.

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Busting the five biggest B2B #e-commerce myths via @McKinsey

Busting the five biggest B2B #e-commerce myths via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The leading edge for successful B2B sales growth is digital. Here’s why.

Farid Mheir's insight:

WHY IT MATTERS: the most underrated eCommerce opportunity lies in business to business or B2B. The post highlights 5 reasons why this is so.

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Configure Price Quote (CPQ): The definitive guide explores an essential tools for #B2B #eCommerce via @cloudSense @salesforce

Configure Price Quote (CPQ): The definitive guide explores an essential tools for #B2B #eCommerce via @cloudSense @salesforce | WHY IT MATTERS: Digital Transformation | Scoop.it

Could Configure, Price, Quote (CPQ) software be the secret to bridging the gap between your customers’ escalating expectations and your current sales experience? Our definitive guide covers everything you need to know about CPQ. From core capabilities and benefits, to finding the right solution and implementing it.
- What CPQ is and how it’s evolved
- Common reasons for implementing CPQ
- Core CPQ capabilities
- Finding a future-proof CPQ solution
- CPQ benefits – for sales and the rest of your business
- Getting your CPQ implementation right.

Farid Mheir's insight:

WHY IT MATTERS: CPQ tools are essential components of a B2B eCommerce solution. This guide provides an overview - although biased because cloudSense is a product on the salesforce marketplace.

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Look back at #eCommerce in 2021 by @AdobeCommerce provides useful links

Look back at #eCommerce in 2021 by @AdobeCommerce provides useful links | WHY IT MATTERS: Digital Transformation | Scoop.it

With the table thus set for the continued importance of online shopping, it’s an ideal time to start planning your annual eCommerce strategy. Our recommendation is that whether you experienced success in 2021 or need to go back to the drawing board, the road to improvement lies in effectively using the experiences and data of the previous year.

Farid Mheir's insight:

WHY IT MATTERS: a biased look back at eCommerce in 2021 by Adobe. Nevertheless useful for all the links in the post.

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Ecommerce Dashboard: What it is, How to use it, and Why it matters

Ecommerce Dashboard: What it is, How to use it, and Why it matters | WHY IT MATTERS: Digital Transformation | Scoop.it

Looking at different ecommerce metrics is like gazing into the night sky: there are so many data points you can (and should) track that the information available feels...infinite. Connecting and integrating data across different channels and platforms can be a full-time job, and as a result, teams are constantly playing catch-up with all of the numbers and data points they’re tracking across spreadsheets and dashboards. Enter an ecommerce dashboard.

Farid Mheir's insight:

WHY IT MATTERS: always good to go back to basics, here for eCommerce dashboards.

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Hacksplaining: a website to train #developers on major digital security hacks #security #hacking

Hacksplaining: a website to train #developers on major digital security hacks #security #hacking | WHY IT MATTERS: Digital Transformation | Scoop.it

The best protection against being hacked is well-informed developers. Make your development team into security experts today.

Farid Mheir's insight:

WHY IT MATTERS: amazing reference to understand the most common hacks in digital: SQL injection, cross-site scripting and many more. A reference to bookmark.

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IDC MarketScape for B2C digital commerce 2020 provides a useful framework to make sense of the solutions and features in #eCommerce platforms #retailTech

IDC MarketScape for B2C digital commerce 2020 provides a useful framework to make sense of the solutions and features in #eCommerce platforms #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

The IDC MarketScape provides a clear framework to compare ecommerce vendors on their product offerings and strategies. The 2020 report evaluated 19 digital commerce platforms on their B2C capabilities.

Farid Mheir's insight:

WHY IT MATTERS: quadrants, marketscopes, waves and other market landscape analysis often provide information more important than a rating of solutions. Buried in most are very useful market analysis and visions that can help you understand the solutions out there and define your own priority matrix. Here I highlight IDC eCommerce framework, which you can find in the 2020 solution landscape report.

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IDC MarketScape B2C Digital Commerce Platforms 2020 Vendor Assessment #eCommerce #retailTech

IDC MarketScape B2C Digital Commerce Platforms 2020 Vendor Assessment #eCommerce #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Read the report to learn the critical advice IDC has for technology buyers and why VTEX is a Leader.

Farid Mheir's insight:

WHY IT MATTERS: read the report to get insights on the eCommerce market landscape back in 2020. Beware, this is an excerpt for VTEX only.

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Gartner 2021 Magic Quadrant for Application Performance Management #APM #IT

Gartner 2021 Magic Quadrant for Application Performance Management #APM #IT | WHY IT MATTERS: Digital Transformation | Scoop.it

APM continues to be critical for modern, multicloud observability. Read the report where Gartner defines the market as "software that enables the observation of application behaviour and its infrastructure dependencies, users, and business key performance indicators (KPIs) throughout the application’s life cycle," and see why we’re positioned highest and furthest in both Completeness of Vision & Ability to Execute.

Farid Mheir's insight:

WHY IT MATTERS: as with all gartner quadrants, skip to the end for the content and market analysis sections for the useful insights in the field of APM. As we move to digital, monitoring and debugging when issues arise becomes more important than ever.

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5 Top Predictions for Shipping Challenges in 2022 #ecommerce #retailTech #logistics

5 Top Predictions for Shipping Challenges in 2022 #ecommerce #retailTech #logistics | WHY IT MATTERS: Digital Transformation | Scoop.it

Shipping challenges reached a peak in 2021 – and we’re here to tell you that things aren’t looking better for 2022. But that doesn’t mean your operations need to suffer. You have more control over supply chain disruptions than you realize. Download our report today to find out what else we discovered and how it impacts your business.

Farid Mheir's insight:

WHY IT MATTERS: shipping remains the last issue to solve in eCommerce IMHO. This report provides some insights into the challenges for 2022, including rate increases labour shortage, increased competition by Amazon.

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