WHY IT MATTERS: Digital Transformation
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Anticipating 2025 book review via @FranckDiana

Anticipating 2025 book review via @FranckDiana | WHY IT MATTERS: Digital Transformation | Scoop.it
I spent time over the Christmas holiday reading a book titled Anticipating 2025. Forward looking analysis that connects leaders with disruptive scenarios and their implications are invaluable, and ...
Farid Mheir's insight:

Always good insights from Franck Diana. This is especially good because of the angle it takes, looking at the world as if we were in 2025.

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Most Innovative Companies 2015

Most Innovative Companies 2015 | WHY IT MATTERS: Digital Transformation | Scoop.it
Stories tagged with Most Innovative Companies 2015.
Farid Mheir's insight:

Interesting how innovation often rimes with digital transformation or disruption... This list provides 50 good starting points for those looking to reinvent their business.

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CIOs Should Lead Digital Transformation

CIOs Should Lead Digital Transformation | WHY IT MATTERS: Digital Transformation | Scoop.it
I've saved the best for last in this series of posts on responsive IT. In our survey of 750 business and technology leaders (around 200 from IT and the remaining 550 from other parts of the busines...
William Henderson's curator insight, February 15, 2015 2:43 PM

I read articles that stated the CIO position was going to become extinct. For now, I do not believe it. That is why this article makes so much sense to me. The CIO has to maintain a leadership position in this digital age. They should be at the table of every executive meeting when discussing strategy and tactics.

 

Here are two operative statements in the article that I think are very important and support my last two blogs concerning, in part, where IT should spend their time.

 

*As your business becomes more digital – whatever that means for you – job 1 is to figure out how to minimize or offload the things that are not central to this transformation as quickly as possible.

 

*CIOs who want to play this leadership role must get serious about changing how they spend their time.

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How can we understand the digital transformation of business? via @HBS

How can we understand the digital transformation of business? via @HBS | WHY IT MATTERS: Digital Transformation | Scoop.it
The digital revolution is rapidly transforming the fundamental nature of many companies in a wide range of industries. Executives, entrepreneurs and general managers need to understand the economics, technology paradigms and management practices of innovating in digital-centric businesses to ensure corporate and personal success.
Farid Mheir's insight:

Hundreds of posts from Harvard business school students discussing topics related to digital transformation. Must read.

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How Do You Rank the World’s Best CEOs?

How Do You Rank the World’s Best CEOs? | WHY IT MATTERS: Digital Transformation | Scoop.it
How do you measure a CEO’s impact? An HBR team recently addressed that question by ranking CEOs according to the increases their companies have seen in total shareholder return and market capitalization across their whole tenures.
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How to Spy on Your Competition

How to Spy on Your Competition | WHY IT MATTERS: Digital Transformation | Scoop.it


Marketers want to know what their competition is up to. Setting up Google Alerts and following your competitor's Twitter feed can get you only so far, and the old "hide your badge trick" at tradeshows is just annoying. Does it ever work... or does it just arouse suspicion? So what's the best way to gather competitive intelligence? Some of the information you want is not public. Other information is just hard to find and takes some work. Luckily, with the troves of information now online, plus some new tools, it's never been easier.

Farid Mheir's insight:

some good links of tools to get you going on the competitive intelligence track.

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Tech Trends 2015 via @Deloitte

Tech Trends 2015 via @Deloitte | WHY IT MATTERS: Digital Transformation | Scoop.it
In our sixth annual report, we outline eight trends that could potentially disrupt the way businesses engage their customers, how work gets done, and how markets and industries evolve. Read about the trends below, download the full report, and explore our interactive tablet app.
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Strategies for the Age of Digital Disruption #DTR7 via @capgemini

Since 2000, 52% of companies in the Fortune 500 have either gone bankrupt, been acquired or ceased to exist. These are challenging times for companies as the s…
Farid Mheir's insight:

Capgemini always produces useful articles in these magazines. Must read to stay current.

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CIOs Name Their Top 5 Strategic Priorities via @WSJ

CIOs Name Their Top 5 Strategic Priorities via @WSJ | WHY IT MATTERS: Digital Transformation | Scoop.it

 After breaking up into a number of task forces and discussing strategic priorities, CIOs at the Journal’s CIO Network event came together to create a prioritized set of recommendations to drive business and policy in the coming year. While proposals ran the gamut, consensus seemed to form around two major themes: cybersecurity, and delivering change through effective communication with the rest of the business. The full results will be published in The Wall Street Journal CIO Network special report later this month. Here’s a look at the top five:

Farid Mheir's insight:

security, security, security...

Dianne M. Kipp's curator insight, February 9, 2015 11:18 AM

All top 5 point to "changing the way business works", i.e. corporate culture and the behavior changes required to successfully transition from "old world" to "new world".

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5 Enterprise startup trends to watch in 2015

5 Enterprise startup trends to watch in 2015 | WHY IT MATTERS: Digital Transformation | Scoop.it
Startup markets tend to ebb and flow. Here are five trends to watch from enterprise startups this year.
Farid Mheir's insight:

no surprise that security, big data, AI and mobile are there but Finance, really?

wearinasia's curator insight, February 3, 2015 2:02 AM

Nice!

CEO_University's curator insight, February 6, 2015 3:00 PM

New businesses are the growth and future of America.

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2015 digital trends for marketing via @adobe and @Econsultancy

2015 digital trends for marketing via @adobe and @Econsultancy | WHY IT MATTERS: Digital Transformation | Scoop.it
  1. Customer experience

  2. Content marketing

  3. Mobile

  4. Personalization

  5. Big Data

  6. Social

  7. Multichannel campaign management

  8. Marketing automation

  9. Video

  10. Location-based services

Farid Mheir's insight:

Marketing folks are betting 2015 will be the year of customer experience, personalization and Big Data. Omni channel will also be a big focus.

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How Companies Learn Your Secrets #mustread via @NYTimes

How Companies Learn Your Secrets #mustread via @NYTimes | WHY IT MATTERS: Digital Transformation | Scoop.it
Your shopping habits reveal even the most personal information — like when you’re going to have a baby.
Farid Mheir's insight:

Deep dive into the world of retail analytics where buying behaviour is dissected and analyzed. Provides an example where Target was able to successfully identify that a teenager was pregnant before she told anyone. Which led her parents to discover the truth when they started received coupons for baby care products in the mail. Spooky but considering what I know and that the article was written 3 years ago, this is, unfortunately, old news with old technology. Today, we are much better at it...


Must read.

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Strategic choices for banks in the digital age via @McKinsey

Strategic choices for banks in the digital age via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
Consumers around the world are quickly adopting digital banking. Incumbents only have a short period to adjust to this new reality or risk becoming obsolete. A McKinsey & Company article.
Farid Mheir's insight:

Interesting how McKinsey presents digital innovation as both a threat and opportunity. In particular look at 7 traits of effective digital enterprises: it applies not only to banking.

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    Google, Biogen will use wearable sensors to study multiple sclerosis

    Google, Biogen will use wearable sensors to study multiple sclerosis | WHY IT MATTERS: Digital Transformation | Scoop.it

    Biogen Idec has partnered with Google X, Google’s business unit for long-term “moonshot” projects, to study outside factors that might contribute to the progression of multiple sclerosis (MS), according to a report from Bloomberg.

    Google and Biogen will use sensors, software, and data analysis tools to collect and analyze data from people who have MS. The companies aim to explore why MS progresses differently in each patient.

    Bloomberg pointed out that Biogen has used digital tools for its disease research in the past. Last month, Biogen announced that it was using Fitbit activity trackers to gather data from people who have MS. It gave 250 Fitbit bands to participants to track their level of activity and sleep patterns. Last summer, the pharma company worked with Cleveland Clinic to develop an iPad app to assess MS progression. 


    more at http://mobihealthnews.com/40031/google-biogen-will-use-wearable-sensors-to-study-multiple-sclerosis/



    Via nrip, Olivier Janin
    Farid Mheir's insight:

    Companies should do this more often: experiment with new technologies - cloud, analytics, wearables, etc. - to explore new business opportunities with minimal investments. All technology companies do it yet few in the traditional environments seam to grab the opportunity. Why?

    ChemaCepeda's curator insight, February 2, 2015 1:08 PM

    Cuantificación personal, wearables y big data al servicio de la captura y análisis de información para el estudio de la progresión de enfermedades como la esclerosis múltiple.

    Nadine Quinn's curator insight, February 18, 2015 10:38 AM

    ajouter votre aperçu ...

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    4 Ways Wearables will Change Marketing – and what you can do to be ready

    4 Ways Wearables will Change Marketing – and what you can do to be ready | WHY IT MATTERS: Digital Transformation | Scoop.it

    Wearable tech hasn’t caught on and hasn’t caught on. On Friday, Google withdrew Google Glass from consumer testing, and Apple has continually stalled on the release of their watch.


    Whether or not Apple eventually releases their watch to popular acclaim, wearable tech will eventually arrive in the mainstream. Probably during 2015. For marketers, this can be daunting. Comprehensive mobile and social media strategies are still hard to deliver, and here comes another, vaguely defined innovation that may turn marketing, again, on its head.


    We don’t really know what wearables will look like, and we don’t really know what they will do. So how can you prepare a marketing strategy?


    By relying on what marketers do best: creative thinking, looking for patterns from consumers, and a little bit of imagination. Here are four ways wearables will change marketing – and what you can do to be ready....


    Via Jeff Domansky
    Farid Mheir's insight:

    Article raises 4 interesting paths to investigate for marketers and technologists as well.

    Jeff Domansky's curator insight, January 29, 2015 1:37 AM

    Could wearables change your marketing strategy? Find out more.

    Jeff Domansky's curator insight, January 29, 2015 1:45 AM

    Could wearables change your marketing strategy in the future? Maybe.

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    A two-speed IT architecture for the digital enterprise via @McKinsey

    A two-speed IT architecture for the digital enterprise via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
    Delivering an enriched customer experience requires a new digital architecture running alongside legacy systems. A McKinsey & Company article.
    Farid Mheir's insight:

    Very much in line with the emerging concepts of systems of record versus systems of engagements (see http://sco.lt/5d1pD7 and http://sco.lt/8Blzhh) this paper presents the impact on IT organizations and processes: the need for 2 different speeds of operation.

    Jean-Marie Grange's curator insight, January 28, 2015 1:48 PM

    The impact of going digital on the organization's IT Architecture and governance

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    The Move from Systems of Record to Systems of Engagement via @forbes

    The Move from Systems of Record to Systems of Engagement via @forbes | WHY IT MATTERS: Digital Transformation | Scoop.it
    There's an ongoing discussion in the enterprise software world about "systems of record" vs. "systems of engagement."  Which do you have? "Systems of Record" are the ERP-type systems we rely on to run our business (financials, manufacturing, CRM, HR).  They have to be "correct" and "integrated" so all data is consistent. [...]
    Farid Mheir's insight:

    A strong example of the popularity of systems of engagement in the HR sector.


    See also http://sco.lt/5d1pD7

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    Systems of Engagement and the Future of Enterprise IT: A Sea Change in Enterprise IT

    Systems of Engagement and the Future of Enterprise IT: A Sea Change in Enterprise IT | WHY IT MATTERS: Digital Transformation | Scoop.it

    In the Age of Facebook, organizations must redefine how they think about information management, control, and governance in order to deal with social technologies. In this AIIM White Paper, Geoffrey Moore, author of Crossing the Chasm and Managing Director, TCG Advisors, examines the fundamental revolution underway in enterprise IT brought about by ubiquitous Internet access, the proliferation of powerful mobile computing devices, and the consumerization of IT.

    This report compares and contrasts existing Systems of Record – those tools, repositories, and systems upon which organizations have built their business processes for the last several decades – with Systems of Engagement. These tools overlay and complement organizations deep investments in systems of record by providing Web-based access, usability across a variety of hardware and software platforms, and cross-organizational collaboration.

    In the report, Moore addresses these important questions:

    • How will the core value chains within our organizations - innovating, designing, procuring, marketing, selling, servicing, and governing - be impacted by social business systems?
    • What are the issues facing end users who wish to better leverage their information management systems to:
      1. improve operating flexibility, and
      2. better engage with customers?
    • What is the path forward for implementing, sustaining, and managing social technologies effectively and responsibly?


    - See more at: http://www.aiim.org/futurehistory#sthash.91g7y0Gn.dpuf

    Farid Mheir's insight:

    A very important concept to master by all digital experts, the difference between systems of reference (or of record - SOR) and systems of engagement (SOE).  In a nutshell, SOR is under the control of IT while SOE are under the control of... well it depends. HR, marketing, sales, finance all use systems of engagement in the cloud - salesforce.com and others - but really no single group is accountable. Except maybe the chief digital officer or the chief marketing technologist. Maybe. 

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    Transforming the business through social tools via @McKinsey

    Transforming the business through social tools via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
    The effect of social technologies in customer-facing processes is already significant. Our survey finds that while overall adoption of these tools has plateaued, companies can do more to measure and then capture social’s benefits. A McKinsey & Company article.
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    Happy #maps allows you to choose "happy" or "quiet" path to get you from point A to B via @ted

    Happy #maps allows you to choose "happy" or "quiet" path to get you from point A to B via @ted | WHY IT MATTERS: Digital Transformation | Scoop.it
    Mapping apps help us find the fastest route to where we’re going. But what if we’d rather wander? Researcher Daniele Quercia demos “happy maps” that take into account not only the route you want to take, but how you want to feel along the way.
    Farid Mheir's insight:

    Innovative mapping uses crowdsourcing techniques to identify not only the most efficient route to take but also the most quiet or the most enjoyable? Can this approach also be leveraged in other business applications that are focussed on efficiency?

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    Google Is the New Microsoft. Uh-Oh.

    Google Is the New Microsoft. Uh-Oh. | WHY IT MATTERS: Digital Transformation | Scoop.it

    Google prints money. It made $56 billion in revenue and earned $13 billion in its last full fiscal year.

    All of that cash has kept Google shareholders happy for a very long time, so happy that they didn’t seem to care when the company opened up the door to competitors or missed a few pivotal trends. Even as Google's growth slows and the company matures, I’m sure that shareholders could stay happy for a little while longer. Analysts say the company will add $31 billion in search revenue alone over the next five years.

    But money doesn’t mean that all is well in Mountain View, California. Tiny fissures have appeared in Google's façade. Its share of the U.S. search market fell to 75.2 percent in December from 79.3 percent a year ago. That piece of the pie could get smaller this year if Apple cancels its deal to use Google as its default mobile search engine. That would be a big loss. Citigroup analyst Mark May says that 60 percent of Google's mobile search revenue in 2014 came from the Apple deal.

    Google stock has underperformed. It’s down 11 percent over the last year, versus a 14 percent gain for the Nasdaq and a 36 percent gain for Facebook.

    The Google of 2015 is not unlike the early 2000s Microsoft – a hugely profitable company that is having a hard time innovating around its core product. Unless something is done, it will likely go through spasms of flailing and discontent that will be familiar to longtime veterans of the Redmond, Washington software giant.

    For all of its innovation, best captured by Eric Schmidt’s “How Google Works,” Google is a 55,000-person behemoth, and it’s nearly impossible for any company to move quickly and creatively at that size. Among tech giants, only Apple has managed to innovate after becoming so big. Hewlett Packard? Nope. IBM? No way.

    Despite all the talk about Google’s much vaunted moonshots - self-driving cars and Google Glass, internet-connected balloons and drone deliveries - the company is still basically a purveyor of cheap online ads that it sells at massive volume against the things that we search for online. Advertising accounted for $51 billion of the company’s $56 billion in revenue last year.

    The most valuable thing that the official moonshot incubator, Google X, has produced isn’t innovative products that will maintain Google’s search dominance. It’s good PR. It codified the idea that Google is always trying new stuff and failing because that’s what true, crazy, bountiful innovation looks like.

    With the Google X mythology, Google has cover for all sorts of (sometimes expensive) failures, including the aforementioned smart glasses. It also has cover for failed products that could be more germane to the core business' success, like social networks (R.I.P. Google Plus and Google Buzz), payments (Google Wallet, in remembrance) and storage (wither Google Cloud Platform?).

    The willingness to fund a division like Google X means that Google wants to test the boundaries in lines of business where success doesn’t really count in the here and now. But that hasn’t saved Google from stagnating in ways that do.


    Click headline to read more--


    Via Chuck Sherwood, Former Senior Associate, TeleDimensions, Inc
    Farid Mheir's insight:

    A similar viewpoint from yesterday'S article in Forbes.

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    CHART OF THE DAY: Apple Has Nearly A Billion Payment Cards On File

    CHART OF THE DAY: Apple Has Nearly A Billion Payment Cards On File | WHY IT MATTERS: Digital Transformation | Scoop.it
    Apple has been collecting payment card data since 2003, the year it launched the iTunes Store.
    Farid Mheir's insight:

    This will likely make Apple Pay very popular

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    The Disruptive Potential of 3D Printing - Accenture

    The Disruptive Potential of 3D Printing - Accenture | WHY IT MATTERS: Digital Transformation | Scoop.it

    Digital technology clearly has become a momentous disruptor of traditional business paradigms, as well as an enabler of new business approaches and customer relationships. This is why, according to Cisco Systems Inc., there is an estimated $14.4 trillion in “digital disruption dollars” up for grabs between now and 2022. Accenture believes that digital supply networks are the backbone of this new ecosystem: worldwide conduits that streamline and accelerate the exchange of products, materials, components and (perhaps most important) information. We also believe 3D printing is an ideal illustration of the digital supply network’s vast potential

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    IDC To CIOs: 60 Percent Of You Will Be Supplanted By Chief Digital Officers By 2020

    IDC To CIOs: 60 Percent Of You Will Be Supplanted By Chief Digital Officers By 2020 | WHY IT MATTERS: Digital Transformation | Scoop.it
    In a webinar yesterday, IDC discussed its CIO predictions for 2015 and beyond. Of IDC’s 10 predictions, the one that intrigued me most, predicted that most of the audience, presumably CIOs and senior IT executives, will eventually relinquish their most interesting and important responsibilities to Chief Digital Officers (CDOs):
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    We need error bars around all our #BigData predictions via @IEEE

    We need error bars around all our #BigData predictions via @IEEE | WHY IT MATTERS: Digital Transformation | Scoop.it

    I think data analysis can deliver inferences at certain levels of quality. But we have to be clear about what levels of quality. We have to have error bars around all our predictions. That is something that’s missing in much of the current machine learning literature.

    Farid Mheir's insight:

    Jump over to the section on Big Data, and you'll get a great description of where Big Data will likely fail on the near future: making predictions. As a good engineer, Jordan states a fact about Big Data that often goes unnoticed: Big Data today is like gambling because it is not based on a formal scientific approach. Rather, he states quite clearly that Big Data today is like building bridges prior to civil engineering: you can build a bridge but cannot GUARANTEE it will not fail. Same with Big Data: we can analyze a lot of data and make predictions but we cannot guarantee they will become reality.


    (or read the entire piece, it will enlighten you on a typical engineering discussion on new technology: dry, cold, fact-based. Much to the opposite of everyday marketing and scientific media interpretation.)

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