WHY IT MATTERS: Digital Transformation
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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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#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead

#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

Covid brought shock and a lot of broken habits to tech, but mostly, it accelerates everything that was already changing. 20 trillion dollars of retail, brands, TV and advertising is being overturned, and software is remaking everything from cars to pharma. Meanwhile, China has more smartphone users than Europe and the USA combined, and India is close behind - technology and innovation will be much more widely spread. For that and lots of other reason, tech is becoming a regulated industry, but if we step over the slogans, what does that actually mean? Tech is entering its second 50 years.

Farid Mheir's insight:

WHY IT MATTERS: a great new overview of the digital transformation (my words), with fact-based data-full slides. I especially like everything about eCommerce in there which will become reference for me in coming months. I extracted just one striking illustration of the wide variation of eCommerce penetration depending on industry. This chart highlights how different the digital transformation strategies must be in the toys&games industry vs the grocery industry. Love it. Many more in the full presentation.

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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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Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H...

Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H... | WHY IT MATTERS: Digital Transformation | Scoop.it

The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the world in 2030 and the future of retail 2030.  

Farid Mheir's insight:

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.

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Walmart’s New store called the Intelligent Retail Lab Shows a Glimpse into the Future of #Retail: technology hidden from sight that empowers employees to know you and their products to answer and p...

Walmart’s New store called the Intelligent Retail Lab Shows a Glimpse into the Future of #Retail: technology hidden from sight that empowers employees to know you and their products to answer and p... | WHY IT MATTERS: Digital Transformation | Scoop.it

“We chose right from the very start to not hide the technology,” Hanrahan explained.

Farid Mheir's insight:

WHY IT MATTERS: when I ask about what the "store of the future" looks like I often get descriptions of a robot-filled location with huge displays and computer kiosks. In fact the trend is to HIDE the technology to make the store experience more and more about what you had when you visited the general store of the past. Walk in and speak to an employee that is very knowledgeable about you, your needs and the products they have to sell. The only difference is that this knowledge comes from AI, cameras, sensors, and all kind of technologies that support and enhance the retail employee to make you believe they know you and their products. THAT is the magic of the store of the future. Get used to it.

Rich A.'s curator insight, April 27, 2019 9:32 PM
A superb case study for the way Industry 4.0 is impacting the retail sector. Great for use in the study of technological impacts as part of a PESTLE analysis looking at a business' macro operating environment.  
Haylee Hutchings's curator insight, May 17, 2019 10:11 PM
This artefact explores Walmart's new technology and its aims to improve the customer shopping experience. Named the 'Intelligent Retail Lab, or 'IRL' for short, this utilises Artificial Intelligence (AI) to track inventory availability and compare to upcoming promotional demand. In brief, it ensures that customers can confirm that their desired item is in stock prior to visiting the store via the app. Walmart is exploiting AI for competitive advantage, aiming to improve customers' perception of reliability and overall experience. However, the article doesn’t actually mention the words ‘competitive advantage’, which will necessitate students adopting critical thinking skills to evaluate where the advantage occurs and justify why. Within the unit, this artefact will be utilised as a stimulus item for students to discuss competitive advantage through embedding it as a link to Flip Grid. Flip Grid is an amazing website and app that allows a teacher to create a closed community topic where students respond to set discussion questions through posting authentic videos explaining their answer. Students will first view the artefact, reading through Walmart’s new Artificial Intelligence technology and then read the related questions displayed on Flip Grid. Students will then respond to each question through Flip Grid’s unique video features to respond to the questions in the topic through recording videos of themselves answering these designated questions. The learning is transformed as students will utilise the higher order cognitive verbs of evaluation and justification when viewing this article to answer a number of questions on competitive advantage within this scenario. These questions and the article are embedded within Flip Grid, allowing the task to be redefined, engaging students. 
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Elon Musk interview by MIT professor sheds light into how advanced Tesla Autopilot is to deliver self driving experience - he predicts end of 2019 or 2020 at the latest #ArtificialIntelligence #AI ...

This conversation happened after the release of the paper from our group at MIT on driver functional vigilance during use of Tesla's Autopilot. The Tesla team reached out to me offering a podcast conversation with Mr Musk. I accepted, with full control of questions I could ask and choice of what is released publicly. I ended up editing out nothing of substance. This was an insightful discussion on various aspects of Tesla Autopilot that I hope catalyzes further nuanced conversation on the future of AI-assisted driving. Starts at 2:35. The full outline of the video is as follows:
0:00 Introduction
2:35 Start of conversation: Autopilot motivation
4:01 Display the vehicle's perception of the driving scene
7:11 Algorithms, data, and hardware development
10:23 Edge cases and common cases in driving
12:18 Navigate on Autopilot
13:57 Hardware and software path toward fully autonomy
17:08 Driver supervision of Autopilot
20:13 Human side of Tesla Autopilot (driver functional vigilance)
23:13 Driver monitoring
24:30 Operational design domain
26:57 Securing Autopilot against adversarial machine learning
28:29 Narrow AI and artificial general intelligence
30:10 Physics view of love
31:53 First question for an artificial general intelligence system

Farid Mheir's insight:

WHY IT MATTERS: this is a very geeky interview with Elon Musk on autopilot and the future of self-driving cars. Thoughtful, structured and informative it brings to light a very strong point: the value of a car lies in its capacity to self drive and every Tesla has this feature already builtin. Basically it means that cars will soon cross the threshold of autonomy, opening a whole new era for personal transportation. But more importantly I believe for businesses that rely on delivery logistics: ecommerce of course but also groceries, medical supplies, etc.

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How AI is Changing the Way You Buy Things via @cloudraker @shudson 

How AI is Changing the Way You Buy Things via @cloudraker @shudson  | WHY IT MATTERS: Digital Transformation | Scoop.it

The Artificial Intelligence Revolution isn’t around the corner—it’s here. A common remark is that as soon as some new form of AI is possible, it’s no longer AI, it’s just what computers “do”. And while we won’t notice most of AI’s effects in our world, there will be visible signs as digital technology is infused with AI. Through the lens of commerce, it’s easier to see AI’s deep effects as progress continues. Here are a few examples.

Farid Mheir's insight:

Very proud to share an article I recently co-authored on CloudRaker blog with Simon Hudson. It sheds lights into the potential impacts that AI will have on retail stores.

A must read ;-)

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