WHY IT MATTERS: Digital Transformation
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Innovation in a crisis: Why it is more critical than ever via @McKinsey

Innovation in a crisis: Why it is more critical than ever via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Prioritizing innovation today is the key to unlocking postcrisis growth.

Farid Mheirs insight:

WHY IT MATTERS: great reference for getting out out the pandemic crisis... but not only that. Useful tools for any innovation scenarios.

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What is good retention metric numbers? A panel of experts provides their value from Lenny's Newsletter @lennysan via @sebprovencher

What is good retention metric numbers? A panel of experts provides their value from Lenny's Newsletter @lennysan via @sebprovencher | WHY IT MATTERS: Digital Transformation | Scoop.it

If you take nothing else away from this post, it should be that retention matters. A lot. No other metric is as singularly telling of whether your business will thrive or die. And so, the better you understand what good retention looks like for your business, the better shot you have at the former. We hope this research proves useful to you whether you’re building, investing, or just curious.

Farid Mheirs insight:

WHY IT MATTERS: with every product moving to a SaaS, pay as you go, model, retention has become a key metric to consider. This post delivers insights into retention metrics for GOOD and GREAT retention numbers. I'd love to see similar posts on email open rates, ecommerce conversion, app usage, etc.

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Investors now look for companies via twitter?

Farid Mheirs insight:

WHY IT MATTERS: I found this on twitter recently and thought it is an interesting way to hunt for startups when you are an investor. Could this apply to more than investing? Product development? market validation? I guess it does but you need a good network. Is it better than posting on LinkedIn or on Facebook? Let me know what you think...

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50 Future Unicorns show where innovation will come from in the near future - key highlight: 30% are enterprise solutions via @CBInsights

50 Future Unicorns show where innovation will come from in the near future - key highlight: 30% are enterprise solutions via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

CB Insights and Fast Company team up to analyze high-momentum startups. Key highlight: Enterprise/big data tools dominate: 30% of companies on this year’s list work on enterprise or big data tools.

Farid Mheirs insight:

WHY IT MATTERS: always good to watch those startups for ideas and innovations. I've tried some of them - algolia, webflow, signavio, loom - and will keep my eyes open for the others...

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covid crisis is BEST time to innovate: A Look At 10 Successful #Startups Founded During A Recession- airbnb, whatsapp, mailchimp, and others were all started during difficult economic periods

covid crisis is BEST time to innovate: A Look At 10 Successful #Startups Founded During A Recession- airbnb, whatsapp, mailchimp, and others were all started during difficult economic periods | WHY IT MATTERS: Digital Transformation | Scoop.it

With recent uncertain times across the world, 2020 is shaping up to be both exciting and frightening. Many startups have experienced cutbacks, including many needing to initiate layoffs while others…

Farid Mheirs insight:

WHY IT MATTERS: it is a great time to be creating a startup. I posit it is because companies are in panic mode and ready to try anything, thus giving new players a chance...

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8 "Laws" Driving Success In #Tech: Amazon's 2-Pizza Rule, The 80/20 Principle, Moore’s Law, Law of Shitty Clickthroughs and other "laws" is a funny yet accurate description of successful #digital s...

8 "Laws" Driving Success In #Tech: Amazon's 2-Pizza Rule, The 80/20 Principle, Moore’s Law, Law of Shitty Clickthroughs and other "laws" is a funny yet accurate description of successful #digital s... | WHY IT MATTERS: Digital Transformation | Scoop.it

These tech “laws” describe why a given network’s value rises exponentially with the volume of participants (Metcalfe’s Law), why most marketing channels eventually produce diminishing returns (Law of Shitty Clickthroughs), or why starting with simple iterations leads to better long-term products (Gall’s Law). Some, like Moore’s Law, have been extremely prescient. Others, like Conway’s Law, provide counterintuitive insights — such as why Apple’s corporate structure is key to its user experience
The report look at 8 of the most famous tech laws, where they come from, why they matter, and how they help describe some of tech’s biggest successes.

Farid Mheirs insight:

WHY IT MATTERS: entertaining read for Sunday morning that may help you steer away from danger as you plan and deliver your digital transformation.

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Venture capital behemoth Sequoia Capital brace for an economic slowdown & directs its CEOs to cut costs - This is great news for #digitalTransformation IMHO from @Fortune newsletter @adamlashinsky

Here is a note that we sent to Sequoia founders and CEOs today to provide guidance on how to ensure the health of their business while dealing with potential business consequences of the spreading effects of the coronavirus.

Farid Mheirs insight:

WHY IT MATTERS: most companies will brace for economic slowdown and start to cut costs. Good or bad for digital transformation? I say it is good.

1- technical resources may be easier to hire as they are let go when their projects shutdown or scale back

2- automation - especially digital based - has the potential to cut costs, and thus become attractive

3- travel bans mean enhanced demand for remote- and tele-presence. Expect projects to explode in the area of videoconferencing, remote work, etc.

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Fun #weekendReading: 20 reasons why #Startups #Fail via @CBInsights

Fun #weekendReading: 20 reasons why #Startups #Fail via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

Analyze why startups fail and problems startups face. Avoid making similar mistakes and learn from them. Download our in-depth report of startup failure.

Farid Mheirs insight:

WHY IT MATTERS: the list is very interesting, the % much less. Enjoy and don't depress too much.

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19 competitive advantage - aka "Business Moats" - That Helped Shape The World’s Most innovative Companies

19 competitive advantage - aka "Business Moats" - That Helped Shape The World’s Most innovative Companies | WHY IT MATTERS: Digital Transformation | Scoop.it

A business moat is a key competitive advantage setting a company apart from its competitors. See how Amazon, Uber, Starbucks and 16 others built and defend their moats.

Farid Mheirs insight:

WHY IT MATTERS: take your pick from one of these competitive advantages that often set new digital transformation disruptors apart from the rest.

Gil Savage's curator insight, January 10, 12:15 PM
This information also implies a methodology for evaluating companies for investing purposes
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Looking forward to read the "Guide to Technical Recruiting and Hiring" by @Holloway - if it is as good as the others on equity compensation and raising venture capital, it should be amazing and muc...

Looking forward to read the "Guide to Technical Recruiting and Hiring" by @Holloway - if it is as good as the others on equity compensation and raising venture capital, it should be amazing and muc... | WHY IT MATTERS: Digital Transformation | Scoop.it

A practical, expert-reviewed Guide to growing software engineering teams effectively, written by and for hiring managers, recruiters, interviewers, and candidates.

Farid Mheirs insight:

WHY IT MATTERS: hiring technical resources is difficult because of the impact that bad hires have on organizations. Looking forward to read this guide and see what it contains as I believe we are in dire needed of some standards and benchmarks...

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Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans

Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

We are in the midst of an open source renaissance. But how do you turn an open source project into a business? a16z's Peter Levine and Jennifer Li cover the complete go-to-market from community management to enterprise sales.

Farid Mheirs insight:

WHY IT MATTERS: as a software engineer in the 1980s, open source was considered a research project. Now it has become real business and this post details why and how you should go about building a real company with your software code open sourced. With ML/AI growing, the value lies more in the data than the code, so the open source may still have some growth ahead.

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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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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

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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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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 Mheirs 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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