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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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Farid Mheir's insight:
WHY IT MATTERS: IOT is a key technology trend but as this survey shows its penetration remains small - and thus the future looks good. 
Riddhima Building's comment,
December 26, 2018 6:06 AM
#RevolutionOfPreEngineeredBuildingshttps://bit.ly/2V9l3lo
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This chart shows a distribution of worldwide downstream traffic, by web application in 2018.
Farid Mheir's insight:
WHY IT MATTERS: I reported in 2015 that Netflix + YouTube accounted for 55% of web traffic. Their share is down only because the other streaming video services are growing. Also interesting from this chart that HTTP (good old web browsing), now only accounts for less than 10%. This means video is the medium of choice, cable TV is on it's way out (so expect more growth) and 5G mobile coverage will be in high demand when it becomes available soon... 2015 reference is here: http://fmcs.digital/blog/netflix-youtube-55-of-internet-traffic/
sales@thefutureof.report's curator insight,
October 20, 2018 7:34 AM
The future of Media requires more and better data infrastructure 
Obinna Odenigbo's curator insight,
October 23, 2018 2:51 AM
Incredible how video streaming is taking over the internet with Netflix in the first position and YouTube in third.
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Une enquête menée en 2018 par 421 Research pour Ayden auprès de 5 033 Européens (Royaume-Uni, Allemagne, Espagne, France et Pays nordiques), rend compte de l'importance de la vision "Smart Phygital" pour les acteurs de la distribution. Comme le montre notre graphique, les attentes des consommateurs vis-à-vis de l'expérience d'achat se concentrent autour de 3 axes : la personnalisation, la stratégie omnicanale et l'innovation digitale.
Farid Mheir's insight:
WHY IT MATTERS: too many buzzwords, too many concepts are increasing the confusion of retailers and merchants. This year at the Paris Retail Week it was "smart phygital" a concept that means nothing more than the fact that eCommerce is morphing into retail commerce, driving changes in stores to go from mini-warehouses to an experience destinations where consumers will get product showrooms, advice and support. And all of that supported by digital technology and requiring huge digital transformation of processes and people.
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FMI and Nielsen Company have partnered on the Digitally Engaged Food Shopper, a strategic engagement surrounding the forces and factors of change driven by digital technologies for both today’s and tomorrow’s food shopper. This multi-year initiative will reveal top trends in digitally enabled food shopping for both retailers and manufacturers to consider in their “connected commerce” strategies and capability investments. The exploration with Nielsen will ultimately inform food retailers and their trading partners how to craft a digital strategy; execute a plan; and appropriately resource it.
Farid Mheir's insight:
WHY IT MATTERS: FMI and Nielsen provide data to suggest that food grocery shopping online may reach disruption levels in 5-7 years. It is important because online grocery may be the last frontier of digital transformation. What we started in 1996 is finally showing signs of strong growth. We're almost there!
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From
funnel
What would the impact be on your business if you could improve the effectiveness of your advertising by 25%? This document outlines the different parts of a good advertising setup and provides advice on best practices.
Farid Mheir's insight:
WHY IT MATTERS: few marketing units measure the success of their advertising campaigns. This article describes what it takes to do so.
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From
funnel
Next time you meet a marketer, ask them (or ask yourself if you have a marketing budget) the following question: As of today, what percent of your marketing budget have you spent so far this month and is your overall spend tracking above or below budget? More often than not you don’t get a straight answer. Because they do not know. The spend for different marketing channels is typically tracked in different tools or in different siloed reports. Nowhere is it added up every day.
Farid Mheir's insight:
WHY IT MATTERS: I see it in most organizations: marketing team is overwhelmed with data but very few manage to provide simple reporting to show how good (or bad) their efforts are. It should in fact be simple to produce the table highlighted here but it is not.
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From
hbr
False news spreads online faster, farther, and deeper than truth does — but it can be contained. Here’s how.
Farid Mheir's insight:
WHY IT MATTERS: trust on the Internet is difficult to get. Harvard Business Review raises concerns and provides possible solutions in this special series. Much needed, the solutions do not however appear very easy to implement. Tough times ahead for the truth...
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Aperçu des boutiques cross et omnicanal parmi les 1 000 boutiques en ligne les plus vendues en Allemagne avec au moins 10 emplacements fixes.
Farid Mheir's insight:
WHY IT MATTERS: this german institute reports on omni-channel support in retail which visually shows that few retailers embrace omni-channel fully at this time. Would be interesting to see the same elsewhere to compare.
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An overview of influencer that inspire me daily when reading the newest trends on digital transformation. Feel free to add your favorite influencer on this list. I personally have no influence on the ranking - a neutral algorithm calculates who has the most impact online. So all fame and blame belongs to the algorithm.
Farid Mheir's insight:
WHY IT MATTERS: the list provides a great starting point to get a shot of digital transformation leadership. The focus being mostly on technology, you should look elsewhere for impact on society, work, and life that digital transformation brings.
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You’re surrounded by disruption and rapid change. Maybe you’re looking for solutions. A way to seize opportunities. We all are. It’s a sprint to stay ahead of technology. Blockchain. Automation. AI. Cybersecurity. It will forever change the way accounting is done. And forever change those who do it. It’s time to reset, redefine and reskill. The way we learn. The way we work. And the way we move forward. Here, you’ll find what you need to not just survive, but adapt and thrive. And disrupt disruption.
Farid Mheir's insight:
WHY IT MATTERS: I've been blogging about digital disruption since Jan 2013, and doing it since the early days of Internet in 1995. It is refreshing to see it being picked up by non technology professionals. Maybe a sign of the times that this thing is starting to really impact people, businesses and whole industries...?
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From
ico
Information Commissioner Elizabeth Denham has today (11 July) published a detailed update of her office’s investigation into the use of data analytics in political campaigns.
Farid Mheir's insight:
WHY IT MATTERS: read this very detailed report that explains how political parties have used the Facebook data to create personalized messages and influence the election that led to the Brexit. Fascinating. Also read my posts on the data you leave behind - the data exhaust - that enables the creation of your digital twin: http://fmcs.digital/blog/digital-twin
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From
ico
In May 2017 the Information Commissioner announced a formal investigation into the use of data analytics for political purposes. The investigation is one of the largest of its kind and is ongoing. This page will be updated as and when developments arise.
Farid Mheir's insight:
WHY IT MATTERS: this report from the ICO data privacy organization in the UK explains in their recent report how political parties and companies use your private data to create a digital twin profile to then target you during your Internet journeys with micro-targeted messages. Also read my post on the digital twin concept: http://fmcs.digital/blog/digital-twin
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From
ico
In May 2017 the Information Commissioner announced a formal investigation into the use of data analytics for political purposes. The investigation is one of the largest of its kind and is ongoing. This page will be updated as and when developments arise.
Farid Mheir's insight:
WHY IT MATTERS: data that you post on Facebook or elsewhere is aggregated by political parties and retailers and governments and others to create a virtual profile of yourself - what I call the digital twin. See my post here for more on the digital twin: http://fmcs.digital/blog/digital-twin/
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From
ico
In May 2017 the Information Commissioner announced a formal investigation into the use of data analytics for political purposes. The investigation is one of the largest of its kind and is ongoing. This page will be updated as and when developments arise.
Farid Mheir's insight:
WHY IT MATTERS: this investigation on the heels of the Cambridge Analytica scandal shows how much data is being collected by political parties.
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From
ico
We live in a data-driven world. Almost every transaction and interaction you have with most organisations involves you sharing personal data, such as your name, address and birth date. You share data online too, every time you visit a website, search for or buy something, use social media or send an email.
Farid Mheir's insight:
WHY IT MATTERS: ICO is the data protection organization in the UK. It provides a guide to your rights regarding data and privacy. Very useful and well done.
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"When you have rising monetization, rising growth and rising data collection, it drives a lot of regulatory scrutiny whether it’s related to data privacy, competition or safety in content."
Farid Mheir's insight:
WHY IT MATTERS: this is the annual presentation to level-set everyone on the Internet, mobile, ecommerce, cybersecurity, epayment, personalization, etc. She covers everything and shows that digital transformation is in full swing. Just WOW. Again.
Martin (Marty) Smith's curator insight,
December 19, 2018 8:15 AM
Meeker is as close to Nostradamus as we are likely to get.
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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: many retailers say "AI is not for us, all we have to do is offer great customer service in store and all will be good". This study shows that the impact of AI and analytics will be material for those that adopt it. And may mark the beginning of the end for those that do not embrace this digital transformation.
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Are you searching for quality deep learning datasets? We have listed 25 quality deep learning datasets you should work with to improve your DL skills!
Farid Mheir's insight:
WHY IT MATTERS: data is core to AI and these dataset show how much is available out there - but also how much more we need to have to create AI that is truly powerful.
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Amazon spent $21.7 billion on shipping in 2017.
Farid Mheir's insight:
WHY IT MATTERS: Amazon spends 14.2% of its net sales to fulfill orders and 12.2% to deliver them to consumers. Thus a quarter of the costs of products sold is allocated to logistical costs and this is the biggest hurdle to eCommerce wide adoption. Amazon and other pure plays have a number of key advantages over established brick-n-mortar retailers (no retail store costs, no store employees, etc.) but they have to battle with order preparation and delivery which traditional retailers delegate to their customers as they push their carts in the store aisle. In that context, recent announcement of Sobeys to leverage Ocado's automated warehouse technology or recent Amazon announcement to create a parcel delivery solution that competes with FedEx and UPS makes sense. Any retailer thinking of scaling its eCommerce operation should thus make sure that its business model is viable regarding fulfillment and shipping - all other elements of eCommerce are not an issue. - Amazon SWA service: http://fmcs.digital/blog/amazon-package-delivery-service-to-compete-with-fedex-and-ups-swa-ecommerce-disruption-retailapocalypse/ - Sobeys Ocado partnership: http://fmcs.digital/blog/u-k-s-ocado-taps-into-canadas-online-grocery-market-with-sobeys-tie-up-is-canada-mature-enough-to-have-automated-grocery-fulfillment-centers-ecommerce-robots/ - Ocado's technology: http://fmcs.digital/blog/video-shows-ocado-warehouse-technology-that-sobeys-has-acquired-to-prepare-grocery-orders-is-based-on-an-army-of-small-robots-working-on-3d-hive/
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If you collect email information at the point of sale for your loyalty program, you can import store transactions directly into AdWords yourself or through a third-party data partner. And even if your business doesn’t have a large loyalty program, you can still measure store sales by taking advantage of Google’s third-party partnerships, which capture approximately 70% of credit and debit card transactions in the United States. There is no time-consuming setup or costly integrations required on your end. You also don’t need to share any customer information. After you opt in, we can automatically report on your store sales in AdWords.
Farid Mheir's insight:
WHY THIS IS IMPORTANT So many people tell me that they are not on Facebook because they want to keep their privacy. This is another proof that privacy does not exist anymore and that there is no line between online and real-world. Please all be aware and try to put into practice the tips I share during my talks on me.com and the management of your digital twin. for more, read these:
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Let’s say you randomly selected 1000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only
Farid Mheir's insight:
WHY THIS IS IMPORTANT We say one company in a thousand makes it. This study provides hard facts that the numbers are more like 16%.
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An oil refinery is an industrial cathedral, a place of power, drama and dark recesses: ornate cracking towers its gothic pinnacles, flaring gas its stained glass, the stench of hydrocarbons its heady incense. Data centres, in contrast, offer a less obvious spectacle: windowless grey buildings that boast no height or ornament, they seem to stretch to infinity.
Farid Mheir's insight:
WHY THIS IS IMPORTANT For a while the saying was that "If You're Not Paying for It; You're the Product" but it looks like today "If You're Not Paying for It; You're the Data". data is in fact so important today because it is essential to program the new algorithms of deep learning. Those that have plenty of Data - Facebook, Google, Apple, UBER, Tesla - will be able to have better software and thus hopefully better products. Thus, you are the data. Think about it next time you use a computer or mobile phone...
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Instacart is excited to announce our first public dataset release, “The Instacart Online Grocery Shopping Dataset 2017”. This anonymized dataset contains a sample of over 3 million grocery orders from more than 200,000 Instacart users. For each user, we provide between 4 and 100 of their orders, with the sequence of products purchased in each order. We also provide the week and hour of day the order was placed, and a relative measure of time between orders.
Farid Mheir's insight:
WHY THIS IS IMPORTANT In today's eCommerce world, winners do not limit themselves to building great catalogs and payment processing experience. They actively analyze data to understand customer behaviour, to provide them with exceptional information to speed-up their shopping experience, but also maybe make them buy more or more expensive products. This is a great example of such a data analysis by grocery shopping leader instacart. It provides amazing insights into grocery shopping but also has open sourced the data for others to benefit.
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The short version: I'm loading over 1 billion breached accounts into HIBP. These are from 2 different "combo lists", collections of email addresses and passwords from all sorts of different locations. I've verified their accuracy (including my own record in one of them) and many hundreds of millions of the
Farid Mheir's insight:
WHY THIS IS IMPORTANT Pretty much your whole life is online and digitize today. Your only protection from crooks is strong passwords that you never reuse. This article provides in depth discussion on the millions of passwords that are being sold for few dollars on the dark web. It should help you understand why this is important and what to do to be more secure.
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Curated by Farid Mheir
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WHY IT MATTERS: we tend to minimize email as a digital transformation tool but we should not. Here are key statistics that you can use to benchmark your email marketing activities.