WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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7 Must-Do’s to Nurture 10x Engineers sheds light into the best practice required to nurture their technical talent pool via @Storyblocks

7 Must-Do’s to Nurture 10x Engineers sheds light into the best practice required to nurture their technical talent pool via @Storyblocks | WHY IT MATTERS: Digital Transformation | Scoop.it

Must-do's in order for your hires to reach their full potential you need to put a structure in place that encourages and nurtures their growth, both technically and as managers and leaders.

Farid Mheir's insight:

WHY IT MATTERS: managing millenials and genZ is like herding cats sometimes. Moreover, when they are technology engineers in a high demand marketplace, they need certain things in their work environment. I find the suggested practices very sound, especially the career path illustrated here.

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The next startup cities that will transform the global economy - most notably Montreal is identified as a global hotspot for AI with 1B$+ investments since 2016 via @WEForum HT @patrickgagne

The next startup cities that will transform the global economy - most notably Montreal is identified as a global hotspot for AI with 1B$+ investments since 2016 via @WEForum HT @patrickgagne | WHY IT MATTERS: Digital Transformation | Scoop.it

When it comes to specific start-up sub-sector leadership, we see Montreal emerge as one of the global hotspots for artificial intelligence (AI) start-ups. Since 2016, more than $1 billion has been invested in AI companies located there (including notable startup Element AI), and it has the largest concentration of AI academic researchers in the world. Montreal also hosts the NeurIPS conference, the largest AI event held annually in the world.

Farid Mheir's insight:

WHY IT MATTERS: I am part of the dotcom startups of late 1990s in Montreal. I see a much more vibrant ecosystem to support startups and find this article from the World Economic Forum spot on. Most notably, the list of 12 cities only has one in North America, all others are Asia Pac (+Melbourne!). So we are in a good place here in Montreal, otherwise I advise my kids to GO WEST (beyond California...)!

 

For data on the 1300 startups in Montreal: 

http://www.montrealintechnology.com/a-portrait-of-montreals-startup-ecosystem-by-the-numbers/

 

https://startupgenome.com/blog/montreal-startup-ecosystem

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What year is it again? Sure feels like the 1999 #dotcom bubble all over again - thanks to Annie Thabet & Claret

What year is it again? Sure feels like the 1999 #dotcom bubble all over again - thanks to Annie Thabet & Claret | WHY IT MATTERS: Digital Transformation | Scoop.it

Is this 1999?  It sure feels like it...

It seems to us that profitless companies seem to be back in vogue. Recently, companies like Uber and Lyft have gone public with very disruptive business models but no profit in sight. At best, profit might come a long way down the road. Yet they are given market valuations at levels that suggest a wildly profitable business model.

Farid Mheir's insight:

WHY IT MATTERS: for digital transformation, this post does not matter because digital transformation will continue for years to come because the fundamentals are good: new tech that solves a real problem, cost reduction, better customer experience, more flexibility, more features, etc. Fundamentals are also great for Machine Learning (AI) and blockchain because they truly represent milestones in the evolution of digital technologies, like HTTP did during the dotcom era.

Many companies will burst as the current bubble bursts (digital bubble? AI bubble? Blockchain bubble?), as did pet.com and Webvan in 2001. Yet, the same way Amazon & Google survived the downturn to emerge bigger and better, companies with crazy valuations today but with proper business models will survive this one. So go back to looking at the leaders behind those companies and determine if they can lead their ship past the disturbances that are bound to come with a bubble burst...

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The a16z Pitch Room explains the process that #VentureCapital firms go through when analyzing a #pitchDeck by sharing their investment decision into Sandbox VR - and I argue any #digitalTransformat...

The a16z Pitch Room explains the process that #VentureCapital firms go through when analyzing a #pitchDeck by sharing their investment decision into Sandbox VR - and I argue any #digitalTransformat... | WHY IT MATTERS: Digital Transformation | Scoop.it

Have you ever wished you could be in the room when founders present to the a16z investing team? Even better, do you wish you could stay to hear the discussion after the pitch? We hear you and are thrilled to launch our latest series of videos called "The a16z Pitch Room". This inaugural episode features the Sandbox VR team Steve Zhao and Siqi Chen pitching to General Partner Andrew Chen. Steve and Siqi present a lightly edited version of their pitch deck. Then Andrew will join them on screen and provide the “director’s commentary”: a slide-by-slide walkthrough of the presentation, describing what resonated, what didn’t, and how he thought about the investment opportunity.

Farid Mheir's insight:

WHY IT MATTERS: this article and accompanying video explains the process that successful venture capital firms go through when deciding to invest - or not - in stratups. It breaks down the pitch deck to explain what works and what doesn't. This is great for startups but any business transformation - especially digital transformation - should have a pitch deck like this!

The video: https://www.youtube.com/watch?v=4T_YP1n7kSE

Hamza Yousaf's comment, May 9, 2019 8:43 AM
Some new mobile gadgets that will Surprise you and increase your phone life.
https://bit.ly/2HakLGc
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VC funding for U.S. AI startups increased 4.5x from 2013 to 2017 - Looks like your new startup must be #AI related if you want funding via AI Index

VC funding for U.S. AI startups increased 4.5x from 2013 to 2017 - Looks like your new startup must be #AI related if you want funding via AI Index | WHY IT MATTERS: Digital Transformation | Scoop.it

From 2013 to 2017, AI VC funding increased 4.5x while all VC funding increased 2.08x. The 1997 — 2000 boom in all VC funding can be explained by the dot-com bubble. The smaller booms in 2014 and 2015 reflect a period of relatively large economic growth.

Farid Mheir's insight:

WHY IT MATTERS: everybody knows that AI is the new darling for startups but seing it in a chart is quite impressive!

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The future of work may be defined by companies such as @Buffer and include being a fully remote team, transparent salaries, and radically different hiring and performance reviews #HR #jobs

The future of work may be defined by companies such as @Buffer and include being a fully remote team, transparent salaries, and radically different hiring and performance reviews #HR #jobs | WHY IT MATTERS: Digital Transformation | Scoop.it

When you experiment with work culture as much as we do at Buffer, you tend to receive a lot of questions about it.

What is it like to work remotely? How do you collaborate across time zones? Do people really feel okay making their salaries public? Can you become friends with teammates when you’re not in an office? Do you miss working in an office? Do you basically live in pajamas? (Quick answer to that one: not usually, though I definitely have spent a work day or two in pajamas!)

Farid Mheir's insight:

WHY IT MATTERS: I wrote about the buffer open culture in the past and find this latest post to be a great summary of the best practice they have put in place over the years. Critics will say this only applies in startups but I would argue that 1) Buffer is already a 6+ years old 80 person team company 2) Large companies are composed of business units often much smaller in size than Buffer. That being said, many of my colleagues like coming to work in the morning and interacting with people face to face during the day so this model is not for everyone. But if you are looking for a different way to work, then I suggest you look at this and the new agile tribes that I wrote about previously.

for more go here: fmcs.digital/?s=buffer  and fmcs.digital/blog/digital-agile-transformation-at-ing-shows-it-is-possible-to-transform-legacy-non-technology-organizations-to-agile-using-the-concepts-of-tribes-squads-chapters-via-mckinsey-digitaltransformat/ 

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Cities of Opportunities: Best cities to find a job #jobs #startups #innovation #digital #OECD

Cities of Opportunities: Best cities to find a job #jobs #startups #innovation #digital #OECD | WHY IT MATTERS: Digital Transformation | Scoop.it

The research tackles three key areas: economic strength for startups and established businesses, standard of living including disposable income and healthcare benefits, and the inclusion of youth, women and expats in the workforce. The final index ranks the top 100 cities by the total job opportunity score, from highest to lowest, revealing the score for each factor. The data can also be sorted by each individual category.

Farid Mheir's insight:

WHY IT MATTERS: digital often means skills shortage. When looking for work or a place to establish a startup, this list may help.

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French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company

French recipe for #startups to work with large groups on #innovation projects - one sentence rings true: one minute is to a startup what a week is to a large company | WHY IT MATTERS: Digital Transformation | Scoop.it

Après plus de deux ans d’accompagnement de nos startups chez la plupart des grands groupes français, j’ai souhaité dresser un premier bilan.

Farid Mheir's insight:

WHY IT MATTERS: it is a great summary of the key success criteria and pitfalls of innovation in large organizations. Must read for any startup or executive in large organization.

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Successful digital transformations require innovation and the best way to to partner with startups - @McKinsey suggests there are multiple ways to partner and they are right #digitalTransformation ...

Successful digital transformations require innovation and the best way to to partner with startups - @McKinsey suggests there are multiple ways to partner and they are right #digitalTransformation ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Once prospective partners in the ecosystem have been identified, there are a variety of ways to work with them, ranging from collaborations that involve a limited financial commitment to outright acquisitions.

Farid Mheir's insight:

WHY IT MATTERS: large organizations are not structured to deliver on the innovation that digital transformations required. Partnering with startups is thus the way to go.

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50 Hot Consumer Fintech Startups - via @AngelList

50 Hot Consumer Fintech Startups - via @AngelList | WHY IT MATTERS: Digital Transformation | Scoop.it

We've compiled a collection of the best startups committed to revolutionizing finance, help anybody build a nest egg, get better student loans or rental insurance, invest in non-traditional products like startups or classic cars, or just save some money.

Farid Mheir's insight:

WHY IT MATTERS: always good to keep those guys on our digital transformation strategy radar...

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50 is the new 30 for successful #startups - Research shows older entrepreneurs are likely to be more successful: is it a sign that my #timeHasCome?

50 is the new 30 for successful #startups - Research shows older entrepreneurs are likely to be more successful: is it a sign that my #timeHasCome? | WHY IT MATTERS: Digital Transformation | Scoop.it

Silicon Valley may favor the young, but technology's romantic idea of the youthful, enterprising entrepreneur may be off by about 20 years, according to a new study.

Farid Mheir's insight:

WHY IT MATTERS: I am 53. I had a startup that failed when I was 30. I guess it is time for me to get back on the startup trail? ;-)

Shepherd Matsongoni's curator insight, June 30, 2018 1:57 PM
Do not lose hope just because you made one mistake and you're only 24. You have a lifetime of possibilities.
 
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Market Map: 30+ Bike and Scooter Tech Startups Reshaping Mobility

Market Map: 30+ Bike and Scooter Tech Startups Reshaping Mobility | WHY IT MATTERS: Digital Transformation | Scoop.it

Investors are pouring record-setting levels of capital into bike and scooter technology. We map out 30+ startups innovating in the bike and scooter space through shared networks, vehicle design, and charging infrastructure.

Farid Mheir's insight:

WHY IT MATTERS: infusing bikes with technology may provide a solution to traffic, congestions - and the last mile of online ecommerce logistics. I recently saw a French startup (not in this list) that created a electric powered delivery trailer that you can effortlessly drag with a bike, making short-distance city delivery of packages a reality. Lots of potential. http://www.k-ryole.com/ 

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#AI, #Automation and #BigData will create more jobs by 2030 than they will eliminate according to @McKinsey #Tech4Good

#AI, #Automation and #BigData will create more jobs by 2030 than they will eliminate according to @McKinsey #Tech4Good | WHY IT MATTERS: Digital Transformation | Scoop.it

Additional economic growth, including from business dynamism and rising productivity growth, will also continue to create jobs. Many other new occupations that we cannot currently imagine will also emerge and may account for as much as 10 percent of jobs created by 2030, if history is a guide. Moreover, technology itself has historically been a net job creator. For example, the introduction of the personal computer in the 1970s and 1980s created millions of jobs not just for semiconductor makers, but also for software and app developers of all types, customer-service representatives, and information analysts.

Farid Mheir's insight:

WHY IT MATTERS: this is a positive news about new technologies. However we must brace ourselves because many people will loose their jobs and not have the skills - or the willingness - to adapt. This will certainly create turmoil in companies - and possible whole countries. Prepare.

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eCommerce leader @Cdiscount opens 3000sq.ft. warehouse to let #startups innovate & disrupt #innovation #digital #disruption #agile @bastienginer

eCommerce leader @Cdiscount opens 3000sq.ft. warehouse to let #startups innovate & disrupt #innovation #digital #disruption #agile @bastienginer | WHY IT MATTERS: Digital Transformation | Scoop.it

The Warehouse est le premier entrepôt destiné aux startups pour créer la supply chain du futur. Créé par Cdiscount, ce lieu d’innovation propose un programme d’accompagnement de 6 mois, alliant à la fois du mentoring pour challenger la stratégie des startups, mais également des ateliers de codesign avec les utilisateurs experts de leur métier, afin de contextualiser les solutions logistiques des startups sélectionnées.

Farid Mheir's insight:

WHY IT MATTERS: we all say companies must innovate but often they struggle because of internal operational constraints - after all they have a business to run and cannot disrupt their operations to try things out. That is why such an experiment by CDiscount is so important: they have created both a *place* where startups can do their things and a *process* for them not worry if they break something. Can't wait to see the results of that - but I guess it can only be positive, how can it not be?

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Engineering Growth Framework provides a tool to measure and reward progress in people skills @Medium

Engineering Growth Framework provides a tool to measure and reward progress in people skills @Medium | WHY IT MATTERS: Digital Transformation | Scoop.it

In late August we rolled out our Growth Framework, a set of documents and tools that described what we value at Medium, how to progress, and how we measure and reward that progress.

Farid Mheir's insight:

WHY IT MATTERS: very useful framework that can be applied in many fields to manage employees in high-demand technical skills such a software engineers. A reference for me in the future.

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The #AR Landscape shows 6 key areas of investment & applications in many fields

The #AR Landscape shows 6 key areas of investment & applications in many fields | WHY IT MATTERS: Digital Transformation | Scoop.it

2016 was a critical year for augmented reality with new device announcements, major acquisitions and massive adoption by consumers and enterprises alike. There is no doubt that AR is the next wave of computing with all of the major players, from Microsoft and Google, to Facebook and Apple, confirming their commitment to this tech.

Farid Mheir's insight:

WHY IT MATTERS: we will see an explosion of augmented reality solution in the near future with large players investing heavily to make this technology pervasive across mobile devices and systems. This landscape is most interesting as it shows that AR applications span many fields and industries, from retail to construction. Moreover, the accompanying article on Venture Beat highlights 6 areas where the technology can be applied: bionic vision, natural interaction, 3Dfying the world, world building, telepresence, and  superintelligence. See here http://bit.ly/2iyndw0  

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6 #AI-Powered Tools All Entrepreneurs Need to Run Their Business

6 #AI-Powered Tools All Entrepreneurs Need to Run Their Business | WHY IT MATTERS: Digital Transformation | Scoop.it

Artificial intelligence and machine learning technologies are now available to entrepreneurs via a broad range of online tools and applications. AI-powered solutions can help entrepreneurs automate their business communication, generate insights from phone calls, sales and marketing data, create intelligent social media and content strategies, and much more. To help entrepreneurs navigate the expanding ecosystem of business AI solutions, here's a list of six must-have AI tools every entrepreneur should use.

Farid Mheir's insight:

WHY IT MATTERS

AI is more pervasive than we may think, as evidenced by this article reviewing tools that leverage AI to deliver their goods.

tavaresandro's curator insight, September 30, 2017 6:09 PM

WHY IT MATTERS

AI is more pervasive than we may think, as evidenced by this article reviewing tools that leverage AI to deliver their goods.

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Bracing for seven critical changes as fintech matures | McKinsey & Company

Bracing for seven critical changes as fintech matures | McKinsey & Company | WHY IT MATTERS: Digital Transformation | Scoop.it

Fintechs have matured rapidly in recent years, and the industry is entering a new phase of development. With no signs of the industry’s growth abating, its reach is likely to broaden quickly to embrace even newer technologies and offerings, blurring the boundaries now delineating financial services. As the momentum continues, some aspects of fintech are likely to reach into a broad swath of the global economy, much like how digital technologies have become a necessity, rather than an option, for every industry. Understanding the seven features that characterize this new era will allow companies to stake out the most valuable plots in the new landscape.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Fintechs are paving the way for the transformation of a very slow moving industry - the Financial sector. We should all learn from this example in other industries that move slowly, for example grocery.

 

The accompanying report to this article is also full of interesting background information: http://www.mckinsey.com/~/media/mckinsey/industries/financial%20services/our%20insights/bracing%20for%20seven%20critical%20changes%20as%20fintech%20matures/fintechnicolor-the-new-picture-in-finance.ashx 

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Know Your Industries: 70+ Market Maps Covering Fintech, CPG, Auto Tech, Healthcare, And More

Know Your Industries: 70+ Market Maps Covering Fintech, CPG, Auto Tech, Healthcare, And More | WHY IT MATTERS: Digital Transformation | Scoop.it
Here's a collection of all 71 CB Insights market maps and unbundling/disrupting graphics.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Digital transformation often comes from startup innovations. So maps like those are very good to know where opportunities to improve lie.

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100+ Tools For Growing Any Startup

100+ Tools For Growing Any Startup | WHY IT MATTERS: Digital Transformation | Scoop.it

Here is the list of 100+ tools which includes human resources management, customer relationship management, schedule a meeting etc. for managing small & medium size business effectively.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Says they are tools for startups but I believe they should be leveraged by companies of all size.

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Mapped: The Top 263 Companies Racing Toward Self-Driving Cars

Mapped: The Top 263 Companies Racing Toward Self-Driving Cars | WHY IT MATTERS: Digital Transformation | Scoop.it
The stack functions as a mix of shopping list and how-to guide for autonomous cars. Start at the bottom and grab the sensors that will let your car see the world: lidar, cameras, radar. The autonomy bit comes in the middle of the stack because you need more than driving skills to win this game. The top rung goes to the startups with ideas on how to make driverless cars useful, secure, and profitable. That's where you’ll find Uber and Lyft, along with lesser known folks like RideCell, which works with mass transit agencies.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

A great reference for all the activity in the car industry.

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#AR #VR startups at an all-time high, Facebook & Apple have 1000+ engineers on it #gameOfTitans

#AR #VR startups at an all-time high, Facebook & Apple have 1000+ engineers on it #gameOfTitans | WHY IT MATTERS: Digital Transformation | Scoop.it

AR/VR hype keeps reaching new heights. Funding to AR/VR startups reached an all-time high in deals and dollars last year. Both Facebook and Apple are reputed to have 1000+ engineers working on their respective headset efforts. And PlayStation said its PSVR, a $400 headset released in October, has sold 915k units in just 4 months. Unsurprisingly, startups of all kinds are flocking toward what could be the next major computing platform.

In this webinar we'll delve into:

  • Major startup players in the AR and VR market
  • Investigate new enterprise and industrial use cases for AR/VR
  • Patents being sought by large corporates like Microsoft, Apple, along with startups like Magic Leap
  • Highlight how media companies and movie studios are reacting and driving M&A
Farid Mheir's insight:

WHY THIS IS IMPORTANT

So much money is being invested by so many large companies that it is difficult not to expect great things from AR and VR in the coming years. If you go beyond the hype on gaming gears and being able to watch a virtual TV on the wall, every corporate strategy should include at least evaluations of the technologies to help improve manufacturing, repairs, or other professional activities. 

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#AI investment is growing and touching every industry

#AI investment is growing and touching every industry | WHY IT MATTERS: Digital Transformation | Scoop.it
The CB Insights artificial intelligence deals tracker looks at top AI deals across industries.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

AI startups funding shows that the investments has been growing steadily in the past 4 years and that every industry will be affected by the technology.

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6 Years of Openness shown in Buffer's Transparency Timeline

6 Years of Openness shown in Buffer's Transparency Timeline | WHY IT MATTERS: Digital Transformation | Scoop.it
A timeline of six years of Buffer's transparency – all our triumphs, missteps and experiments.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Startups are truly changing the world and Buffer's transparency experiment has been a leader in this field that I've followed since the beginning. It is great to see it all here in one long timeline. For those that have not tracked this over time this is a great way to catch up!

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Startup Ecosystem Canvas Montreal

Startup Ecosystem Canvas Montreal | WHY IT MATTERS: Digital Transformation | Scoop.it

Startup ecosystems can be fragmented, competitive, and hidden to newcomers, which is detrimental for local startups and community growth. The Startup Ecosystem Canvas seeks to provide local entrepreneurs with a clear list of resources for every stage of their startup journey, and outline a basic framework for communities to map their ecosystem.

With applications for the Montreal Founder Institute coming to a close, we are excited to release the Montreal Startup Ecosystem Canvas, which is currently in Draft v1 below! It was developed by the Montreal Founder Institute and local leader Sergio Escobar.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

What a great idea: to share in one place all the local Montreal support that startups have access to. I wonder why that has not been done before? Nevertheless, great idea and impressed by the number of resources out there...

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