WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Visual search is holy grail for eCommerce: show a picture of a product and get recommendations - Facebook has been testing #grokNet with mitigated results #AI

Visual search is holy grail for eCommerce: show a picture of a product and get recommendations - Facebook has been testing #grokNet with mitigated results #AI | WHY IT MATTERS: Digital Transformation | Scoop.it

Our latest AI advancements represent fundamental building blocks that could power entirely new future shopping experiences.

  • Facebook AI is on a quest to build the world’s largest shoppable social media platform, where billions of items can be bought and sold in one place.

  • As a key milestone toward this goal, we’re sharing details on how we’ve improved and expanded GrokNet, our breakthrough product recognition system. Now, it’s powering new applications on Facebook, like product tagging and showing visually similar products. Soon, we’ll bring visual search to Instagram so that people find similar products just by tapping on an image.

  • We’re also diving into our latest advancements, which provide a deeper, more nuanced understanding of product attributes and multimodal signals. These advancements collectively represent fundamental building blocks that could power entirely new shopping innovations of the future.

Farid Mheir's insight:

WHY IT MATTERS: as marketplaces become popular, finding a specific product in a catalog of millions of products will become harder and harder. The holy grail is visual search: snap a picture of something and get some AI to help you find something similar, or that matches well with that. eBay has made tests, Google lens has returned amazing results in my recent experience. Not sure what Amazon is doing but I assume it is top of their list.

Facebook is a major player in this game as it wants to make marketplace the shopping destination (don't forget it owns instagram as well). So the investment in grokNet is critical and recent results appear promising, though not yet perfect. 

So if you build a marketplace, as we are for panier bleu, then this is an area of innovation we cannot afford to bypass.

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How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck

How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck | WHY IT MATTERS: Digital Transformation | Scoop.it

The retailer of the future will harness the power of data, quantum computing, artificial intelligence, and augmented reality, says serial entrepreneur and technology expert John Straw.

Farid Mheir's insight:

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."

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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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Brush up on #buzzword compliance: The top #technology #trends via @McKinsey

Brush up on #buzzword compliance: The top #technology #trends via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Which technology trends have the most momentum in an accelerating world? We ranked the top cross-industry trends that matter most for companies and executives.

Farid Mheir's insight:

WHY IT MATTERS: a good overview, well presented of tech trends for executives. Beware: for long-term strategy discussions only!

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Cognitive bias can take many forms as expressed in this #infographic #AI #socialMedia #web

Cognitive bias can take many forms as expressed in this #infographic #AI #socialMedia #web | WHY IT MATTERS: Digital Transformation | Scoop.it

When it comes to assessing risk, humans often fail to make rational decisions because our brains take mental shortcuts that prevent us making the correct choice. Here are some that can cause havoc.

Farid Mheir's insight:

WHY IT MATTERS: a useful overview of different type of cognitive biais. Helpful to know especially as we get our information from the web and social networks...

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This Chip for #AI Works Using Light, Not Electrons via @WIRED

This Chip for #AI Works Using Light, Not Electrons via @WIRED | WHY IT MATTERS: Digital Transformation | Scoop.it

Lightmatter says the computing and power demands of complex neural networks need new technologies like these to keep up.

Farid Mheir's insight:

WHY IT MATTERS: geeky reading about new hardware solutions that use light instead of electrons for processing.

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Self-driving cars: start south with driverless autonomous trucks lead seems to be the way to go via @Deloitte

Self-driving cars: start south with driverless autonomous trucks lead seems to be the way to go via @Deloitte | WHY IT MATTERS: Digital Transformation | Scoop.it

Driverless trucks are already heading out to the highway, as shipping companies increasingly look to autonomous technology to meet rising demand for goods.

Farid Mheir's insight:

WHY IT MATTERS: interesting study from Deloitte about the future of self driving and the first possible market to be disrupted: delivery truck in southern USA.

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The complex decisions behind Chanel's new lipstick color matching #AI highlights the steps and the people that must be involved to do #AI right

The complex decisions behind Chanel's new lipstick color matching #AI highlights the steps and the people that must be involved to do #AI right | WHY IT MATTERS: Digital Transformation | Scoop.it

The luxury brand used synthetic data to avoid potential bias and on-device processing to sidestep privacy pitfalls in creating its new Lipscanner app.

Farid Mheir's insight:

WHY IT MATTERS: the account of the development of a lipstick color matching mobile app highlights the challenges faced when developing AI apps the "right" way - and the multidisplinary team involved.

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How #AI often surprises its creators and other stories about AI experiments from @BBC Future

How #AI often surprises its creators and other stories about AI experiments from @BBC Future | WHY IT MATTERS: Digital Transformation | Scoop.it

Algorithms using artificial intelligence are discovering unexpected tricks to solve problems that astonish their developers. But it is also raising concerns about our ability to control them.

Farid Mheir's insight:

WHY IT MATTERS: good article about the different experiments in AI recently.

meinieprawn's comment, March 1, 2021 5:51 PM
good
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100 Tech Innovators Transforming Retail #RetailTech

100 Tech Innovators Transforming Retail #RetailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

The Retail Tech 100 is CB Insights' annual ranking of the 100 most promising B2B retail tech companies in the world. This year's winning companies include startups working on e-commerce infrastructure, supply chain automation, cashierless checkout, and more.

Farid Mheir's insight:

WHY IT MATTERS: an interesting list of retailTech solutions, with recent updates.

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The #AI behind DeepMind's Go breakthrough is finding it way to the factory floor and leads the way to physical worl impact

The #AI behind DeepMind's Go breakthrough is finding it way to the factory floor and leads the way to physical worl impact | WHY IT MATTERS: Digital Transformation | Scoop.it

Better simulators are helping companies to use deep reinforcement learning to improve operations. Sometimes the results are surprising.

Farid Mheir's insight:

WHY IT MATTERS: robots that learn from experience and not from past data is the subject of major improvements in manufacturing automation. Great overview in this short article. Points the way towards what we can expect in the future: AI that impacts the physical world, not just pages on a web browser or smart phone...

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Email #Marketing Trends Report 2021: from design to #privacy to artificial intelligence, #email remains core to the #digitalTransformation #AI 

Email #Marketing Trends Report 2021: from design to #privacy to artificial intelligence, #email remains core to the #digitalTransformation #AI  | WHY IT MATTERS: Digital Transformation | Scoop.it

In one of the most popular trends reports in the industry, we take a journey through the important email marketing and automation trends for 2021. 8 leading email marketing experts join forces to bring you the latest trends essential for business success this year.

Farid Mheir's insight:

WHY IT MATTERS: to my surprise email remains a key tools in the digital marketing tool belt yet I remain surprise at the level of complexity that it requires *when done well*. Thus this report on key trends and best practices I find useful.

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The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN

The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN | WHY IT MATTERS: Digital Transformation | Scoop.it

We surveyed more than 3,000 CEOs around the world to learn how they are positioning their organizations for success after COVID-19. Five key factors set outperforming CEOs apart.

Farid Mheir's insight:

WHY IT MATTERS: technology is high on CEO radar of priorities as digital transformations shifts from front-office (web, social, search, all areas of the marketing CMO) to the back office (manufacturing, security, IOT, cloud, AI). CIOs play a role but many times they can't cut it so the CTO comes in. Could be a fundamental trend, or simply tunnel vision (it is an IBM survey after all ;-). Thanks to Sean Moffitt - Future Proofing Next guru! Many more insights in the full report.

andrenghutch@gmail.com's curator insight, February 7, 2021 11:12 PM

real estate is all about location, business is all about culture.

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Put this on your long-term #AI radar: put #Memristors in Neural Networks because they act like neurons, are low-power and non volatile via @IEEESpectrum

Put this on your long-term #AI radar: put #Memristors in Neural Networks because they act like neurons, are low-power and non volatile via @IEEESpectrum | WHY IT MATTERS: Digital Transformation | Scoop.it

Newfound “edge AI” applications for device that integrates memory and computing, has randomness built in, sips battery power

Farid Mheir's insight:

WHY IT MATTERS: a bit geeky but this article explains quite well how memristors can become the basis for improve AI systems in the future.

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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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454 pages sur la #transformationNumérique par @CIRANO - #TLDR j'aurai aimé la version sommaire pour savoir quoi faire avec tout cela....

454 pages sur la #transformationNumérique par @CIRANO - #TLDR j'aurai aimé la version sommaire pour savoir quoi faire avec tout cela.... | WHY IT MATTERS: Digital Transformation | Scoop.it

cette édition du Québec économique montre comment les innovations numériques au sein de nos organisations publiques et privées touchent actuellement tous les secteurs de notre économie, faisant de la transformation en cours une véritable révolution numérique sur le marché de l’emploi, mais également dans le monde de l’éducation et de la formation. L’écosystème d’innovation et de collaboration qui se met en place au Québec et au Canada, principalement autour de l’IA, fait l’objet d’analyses poussées dans cet ouvrage.

Farid Mheir's insight:

WHY IT MATTERS: je comprends que ce sont des universitaires et qu'ils doivent être précis mais svp pensez aux lecteurs qui ont autre chose à faire et à lire....

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System Creates the Illusion of an Ideal AI Chip and offers an alternative to @Cerebras wafer-scale integration - more #AI good news via @IEEESpectrum

System Creates the Illusion of an Ideal AI Chip and offers an alternative to @Cerebras wafer-scale integration - more #AI good news via @IEEESpectrum | WHY IT MATTERS: Digital Transformation | Scoop.it

Called Illusion, it uses processors built with resistive RAM memory in a 3D stack built above the silicon logic, so it costs little energy or time to fetch data. By itself, even this isn’t enough, because neural networks are increasingly too large to fit in one chip. So the scheme also requires multiple such hybrid processors and an algorithm that both intelligently slices up the network among the processors and also knows when to rapidly turn processors off when they’re idle.

Farid Mheir's insight:

WHY IT MATTERS: not sure how practical this system is but sure seems easier to manufacture than Cerebras wafer-scale solution. No matter what architecture wins, we can see that there will be computer designs that will maximize neural net with billions of nodes (GPT3 has 175B) training. 

See also cerebras link: http://blog.fmcs.digital/?q=cerebras

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Voyage Commander is a state-of-the-art self-driving robot taxi that has a number of important limitations and sheds light into what is possible and what is not

Voyage Commander is a state-of-the-art self-driving robot taxi that has a number of important limitations and sheds light into what is possible and what is not | WHY IT MATTERS: Digital Transformation | Scoop.it

When Commander detects that something in the road ahead cannot be handled by itself, it gracefully transitions control to Telessist, our novel remote assistance technology. Telessist enables our robotaxi service to scale quicker, safely driving riders through any scenario that the world can throw at us.

Farid Mheir's insight:

WHY IT MATTERS: a very interesting article about a robot taxi system, how it works and its limitations. Fun read to understand what is possible and what is not in self driving tech today. This is important because many of digital transformation use case depend on this for profitability (for example eCommerce delivery cost should reduce drastically when this available).

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When you think #digitalTransformation will be over soon, start reading about #AI and its various applications such as enhanced #socialMedia and things like the #Metaverse - then throw in #AR and yo...

When you think #digitalTransformation will be over soon, start reading about #AI and its various applications such as enhanced #socialMedia and things like the #Metaverse - then throw in #AR and yo... | WHY IT MATTERS: Digital Transformation | Scoop.it

Through UGC and AI, we’re inching closer to the Metaverse. But the most exciting part of that vision is its potential to reinvent our social interactions.

Farid Mheir's insight:

WHY IT MATTERS: a good article on the Metaverse as part of a series on new social media. Just in case you thought digital transformation was about to slow down.

Also: https://a16z.com/social-strikes-back

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Artificial intelligence trends from @Gartner #hypeCycle #AI

Artificial intelligence trends from @Gartner #hypeCycle #AI | WHY IT MATTERS: Digital Transformation | Scoop.it

The Gartner Hype Cycle shows firms deemed "fast followers" should be working on an AI business. For early adopters, AI scalability is the next frontier.

Farid Mheir's insight:

WHY IT MATTERS: fun to see these trends and realize there are technologies that can be applied today ... but many that we hear about in the news that are 10 years away ;-)

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Visual Search is a powerful #AI solution with huge opportunities for #eCommerce and product discovery

Visual Search is a powerful #AI solution with huge opportunities for #eCommerce and product discovery | WHY IT MATTERS: Digital Transformation | Scoop.it

A new way to find images on Unsplash

Farid Mheir's insight:

WHY IT MATTERS: machine learning biggest contribution is with image analysis and the visual search feature is a great example of a useful application. Of course search engines and eCommerce are low hanging fruits but what are business use cases for this? Find me the user manual for this part? Where is this product in the warehouse? Etc.

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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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Awesome curated list of #DeepLearning tutorials, projects and communities #crowdsourced and made available via @gitHub is testament of the vitality of the #AI field and its community

Awesome curated list of #DeepLearning tutorials, projects and communities #crowdsourced and made available via @gitHub is testament of the vitality of the #AI field and its community | WHY IT MATTERS: Digital Transformation | Scoop.it

A curated list of awesome Deep Learning tutorials, projects and communities.

Farid Mheir's insight:

WHY IT MATTERS: this list is most useful as it contains hundreds of links and references curated by the community. What is also noteworthy is how it is maintained and delivered: using gitHub, the solution to manage open source projects. It serves for me as a guide about what is possible when using crowdsourcing.

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The #retail industry should benefit most from #AI in #marketing and #supplyChain but are retailers leveraging it? via @McKinsey

The #retail industry should benefit most from #AI in #marketing and #supplyChain but are retailers leveraging it? via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

An analysis of more than 400 use cases across 19 industries and nine business functions highlights the broad use and significant economic potential of advanced AI techniques.

Farid Mheir's insight:

WHY IT MATTERS: I was surprise to see that the retail industry has the highest potential to leverage AI. This report provides the insights and the analysis.

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China surveillance system—the world's largest—is growing. So is the backlash

China surveillance system—the world's largest—is growing. So is the backlash | WHY IT MATTERS: Digital Transformation | Scoop.it

A new report reveals the scope of China's mass surveillance program as data privacy concerns mount.

Farid Mheir's insight:

WHY IT MATTERS: the fact that China installs cameras with facial recognition is cause for concern and that is why cities such as San Francisco have banned their use. This data updates us on the quantity of cameras in China - and the fact that London is #3.

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