WHY IT MATTERS: Digital Transformation
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Speaking of #eCommerce returns: why not reuse, recycle, repair? Measuring the impact of circular economy via @BoardofInnovation

Speaking of #eCommerce returns: why not reuse, recycle, repair? Measuring the impact of circular economy via @BoardofInnovation | WHY IT MATTERS: Digital Transformation | Scoop.it

Learn what circular impact means and how you can measure it for your business! It's important to translate your strategy into tangible KPIs and measurable targets.

Farid Mheirs insight:

WHY IT MATTERS: a beautiful illustration of the circular economy and the multiple options to consider before the landfill.

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The Disruption of Management Consulting via @CBInsights

The Disruption of Management Consulting via @CBInsights | WHY IT MATTERS: Digital Transformation | Scoop.it

Since former BCG consultant Clayton Christensen first used the term "disruptive innovation" in 1995, nimble startups have challenged incumbents in every field from music to manufacturing. Now, a tectonic disruption is hitting management consulting just as it has hit many other industries.

Farid Mheirs insight:

WHY IT MATTERS: this report presents the case for the disruption of consulting by small firms like mine as it is enabled by digital technologies. Fascinating read.  

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Amazing #mustRead article on Work-from-Anywhere from @HBR highlights the PROs & CONs & best practices - most of all, it stresses that small towns will become very attractive, and barriers like H1B ...

Amazing #mustRead article on Work-from-Anywhere from @HBR highlights the PROs & CONs & best practices - most of all, it stresses that small towns will become very attractive, and barriers like H1B ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Best practices for all-remote organizations

Farid Mheirs insight:

WHY IT MATTERS: this well-researched article highlights the PROs & CONs of work from anywhere - WFA - and provides best practices from large companies that have done this at scale (1300 WFA employees at GitHub). A reference for us all in digital transformation and also a showcase for the real impact of our work: large cities may struggle to attract people versus small towns that have lower cost of living and little traffic, countries may find that work visas need to be adapted to limit remote workers (how to do that), etc.

All in all, it may be the biggest transformation that digital brings: a societal change. Who knows...

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Raising your Digital Quotient via @McKinsey is 5 years old and has not aged a day since then, check it out! #lepanierbleu #digitalTransformation

Raising your Digital Quotient via @McKinsey is 5 years old and has not aged a day since then, check it out! #lepanierbleu #digitalTransformation | WHY IT MATTERS: Digital Transformation | Scoop.it

McKinsey has been conducting an in-depth diagnostic survey of 150 companies around the world. By evaluating 18 practices related to digital strategy, capabilities, and culture, we have developed a single, simple metric for the digital maturity of a company—what might be called its Digital Quotient, or DQ. This survey reveals a wide range of digital performance in today’s big corporations (exhibit).

Farid Mheirs insight:

WHY IT MATTERS: I wrote about this when it came out and it feels like the McKinsey Digital Quotient remains as meaningful today as it was 5 years ago. The DQ helps identify the criteria for digital transformation and visualize if your company is above or below average...

See criteria and more here: www.mckinsey.com/featured-insights/digital-disruption/raise-your-digital-quotient 

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3-step #digitalTransformation #maturityModel from @contenly: 1) Exploration 2) Unification 3) Transformation

3-step #digitalTransformation #maturityModel from @contenly: 1) Exploration 2) Unification 3) Transformation | WHY IT MATTERS: Digital Transformation | Scoop.it

A road map towards becoming a digital-first organization.

Farid Mheirs insight:

WHY IT MATTERS: this maturity may be overly simplistic but the plan is sound. Start with exploration, proof-of-concepts, prototypes, etc. Then move on the unification of processes to finalize with transformation!

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Gartner Hype Cycle for the Digital Workplace 2020 post-covid highlights a number of digital technologies that enable remote workers #digitalTransformation #digitalWorkplace

Gartner Hype Cycle for the Digital Workplace 2020 post-covid highlights a number of digital technologies that enable remote workers #digitalTransformation #digitalWorkplace | WHY IT MATTERS: Digital Transformation | Scoop.it

Large enterprises needing to pivot quickly and push innovation to the edges may be encumbered by heavy management and control structures. However, internal talent marketplaces have the potential to change that. They establish trust through feedback mechanisms. They allow for worker-led innovation and help workers take full control of their careers. They enable much better and more granular tracking of the skills, competencies, knowledge and interest of individual workers. This, in turn, will give enterprises a much better view of their workforce and improve workforce planning. Internal talent marketplaces will help bring about leaner, more agile and more adaptable organizations.

Farid Mheirs insight:

WHY IT MATTERS: this report is a great summary of the digital technologies that can support the remote workers as part of digital transformation of businesses.

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One of the best visualizations of #collaboration tools: different tools for different tasks in today's #RemoteWork strategies HT @dhincliffe 

One of the best visualizations of #collaboration tools: different tools for different tasks in today's #RemoteWork strategies HT @dhincliffe  | WHY IT MATTERS: Digital Transformation | Scoop.it

At the top of most organizations' priority lists right now is how to keep their workers productive and engaged. Except for in-person businesses and essential workers, the workforce has largely been physically disbanded until the pandemic comes to an end, one way or another. In unprecedented fashion, technology has suddenly become one of the single…

Farid Mheirs insight:

WHY IT MATTERS: this article shows collaboration best practice and offers useful visuals to understand the perfect use of the collaboration tools out there.

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What will Covid-19’s legacy be? 24 Industries & Technologies That Will Shape The Post-Virus World

What will Covid-19’s legacy be? 24 Industries & Technologies That Will Shape The Post-Virus World | WHY IT MATTERS: Digital Transformation | Scoop.it

In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. In other cases, like virtual reality, 3D printing, or telehealth, the crisis may change the course of the industry, enabling companies to demonstrate value that, until now, consumers have been unable or unwilling to see.

In this report, we’ll explore some of the trends created or accelerated by the onset of Covid-19 that are likely to change the way we live, work, learn, and relax long after the pandemic is over — and how the future of those innovations is likely to unfold.

Farid Mheirs insight:

WHY IT MATTERS: a great overview of the long lasting impacts of COVID in our lives.

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Perfect time to be a #technology or #agile professional as the postpandemic workforce will require your skills says @McKinsey global survey of 800 executives

Perfect time to be a #technology or #agile professional as the postpandemic workforce will require your skills says @McKinsey global survey of 800 executives | WHY IT MATTERS: Digital Transformation | Scoop.it

Responses to a McKinsey global survey of 800 executives suggest a disruptive period of workplace changes lies ahead due to acceleration of automation, digitization, and other trends.

Farid Mheirs insight:

WHY IT MATTERS: no surprise, companies will hire technologists and agile methodology experts post confinement to enable their remote workforce ... and reduce the need for humans!

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Whole Foods CEO does not think online grocery will remain the norm post-pandemic: 'Food is different' - #digitalDenial or #visionaryInsight?

Online grocery shopping surged since the pandemic kept Americans at home. The CEO of Whole Foods says as people start to feel more safe going out, that trend will fade.

Farid Mheirs insight:

WHY IT MATTERS: we've seen an acceleration of eCommerce adoption during covid lockdown worldwide. McKinsey says 10 years in 3 months. Shopify stock has surged, instacart orders have grown 250x, mirakl has raised 300M$ in funding, all based on this recent trend. 

But guys that have been doing retail for a long time are skeptical - like WholeFoods CEO (now Amazon). When everyone is FORCED to stay home, then of course eCommerce and home delivery will explode they. When things go back to normal, then retail will go back to normal is their belief.

Who's right? 

If you know me, you know where I stand on this. Going digital is like being an alcoholic: the first thing you must do on the road to recovery is recognize you have a problem... ;-)

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DANGER! DANGER! #Marketing organizations are starting to embrace #agile approach to tackle projects says @Gartner survey - so much can go wrong

DANGER! DANGER! #Marketing organizations are starting to embrace #agile approach to tackle projects says @Gartner survey - so much can go wrong | WHY IT MATTERS: Digital Transformation | Scoop.it

The Marketing organizational survey 2020 provides marketing leaders with the latest insights to optimize their organizational structure and build a more scalable, flexible, and resilient marketing organization

Farid Mheirs insight:

WHY IT MATTERS: adopting an agile approach is a great idea. But it requires clear vision, strategy, governance and teams that leverage digital tools and solutions to make sure anarchy does not set in. We have the experience in software development after 20 years of trials and errors. Let's hope marketing teams can learn from our mistakes...

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Inability to fully utilize existing marketing #technologies is top operations impediment says @Gartner Operations Survey 2020 #marTech

Inability to fully utilize existing marketing #technologies is top operations impediment says @Gartner Operations Survey 2020 #marTech | WHY IT MATTERS: Digital Transformation | Scoop.it

The Marketing Operations Survey uncovers best practices for the marketing operations leaders' role’s current scope, future mandate, and provides insight into the most critical key performance indicators, development priorities and operational marketing technologies.

Farid Mheirs insight:

WHY IT MATTERS: not sure this is something they stress for marketing professionals in school these days. Marketing has become a technology business and you need the skills and the resources to properly use martech tools and solutions including: SEO, email, analytics, data analysis for end to end attribution, etc.

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The most important chart to understand why Amazon Has No Profits (And Why It Works) - and why retailers & governments should be investing massively into eCommerce infrastructure

The most important chart to understand why Amazon Has No Profits (And Why It Works) - and why retailers & governments should be investing massively into eCommerce infrastructure | WHY IT MATTERS: Digital Transformation | Scoop.it

Amazon’s business is delivering very rapid revenue growth but not accumulating any surplus cash or profits, because every penny of cash is being ploughed back into expanding the business further. But, this is not because any given business runs permanently at a loss - it is because the profits from what is already there are spent on making new businesses. In the past, that was mostly in operations, but in recent years the investment firehose has again been pointed at capex.

Farid Mheirs insight:

WHY IT MATTERS: this article dates back a few years but is very important to understand Amazon and why it is so disruptive to retail.

Amazon invests most of its profits into developing solutions and infrastructure (via CAPEX or capital expenditure) in order to CAPTURE FUTURE ECOMMERCE SALES as the world moves from physical retail to digital.

To compete, retailers must either 1) leverage Amazon infrastructure (via marketplace, FBA, AWS, etc.) 2) or, if they are big enough, invest massively their CAPEX to build competing infrastructure to Amazon. This is difficult because their shareholders are used to getting return on their investments (which CAPEX will reduce): that may need to change. Or get the customers to pay for it (ie. massive walmart investments in eCommerce that they have just passed over to their suppliers - effectively having customers pay for it).

To maintain economic prosperity, governments should also invest in building shared infrastructure: large automated distribution centers, parcel delivery (canada post, USPS, etc.), digital payment processing, digital IDs, etc. This new infrastructure will benefit local retailers and local manufacturers, effectively financing their eCommerce competitiveness and ensuring survival of the economic fabric of their city / region / province / country.

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Preventing future waves of COVID-19 : @McKinsey list of health interventions probably contains many B$ #startup ideas

Preventing future waves of COVID-19 : @McKinsey list of health interventions probably contains many B$ #startup ideas | WHY IT MATTERS: Digital Transformation | Scoop.it
After seven months of responding to the pandemic, we have learned some things. Here are some of the key lessons and how to apply them.
Farid Mheirs insight:

WHY IT MATTERS: never waste a good crisis. Well if this is true, then companies that will find solutions to tackle the health interventions highlighted by McKinsey should have a bright future. In many cases, digital technologies will be at the center of those solutions...

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#mustRead background info on @Neuralink and the Brain in order to understand the profound fundamental changes that neural implants can provide in our quest to #digitalTransformation - a primer befo...

#mustRead background info on @Neuralink and the Brain in order to understand the profound fundamental changes that neural implants can provide in our quest to #digitalTransformation - a primer befo... | WHY IT MATTERS: Digital Transformation | Scoop.it

The mind-bending bigness of Neuralink’s mission, combined with the labyrinth of impossible complexity that is the human brain, made this the hardest set of concepts yet to fully wrap my head around—but it also made it the most exhilarating when, with enough time spent zoomed on both ends, it all finally clicked. I feel like I took a time machine to the future, and I’m here to tell you that it’s even weirder than we expect.

Farid Mheirs insight:

WHY IT MATTERS: this long read is an easy to read starter on the brain, how it evolved and how it works. An essential primer for understanding the profound impact that neuralink can have in the long term future (think decades). 

Neuralink product demo of Aug 28, 2020: www.youtube.com/watch?v=DVvmgjBL74w

Also this provides good background for then reading "on intelligence", "how to create a mind" or "superintelligence"

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Lean management or agile? The right answer may be both - is a great article to enable your #innovation where #oneSizeFitsAll is not right via @McKinsey

Lean management or agile? The right answer may be both - is a great article to enable your #innovation where #oneSizeFitsAll is not right via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Through thoughtful design, agile and lean management can be the perfect match for companies in search of lasting performance improvement.

Farid Mheirs insight:

WHY IT MATTERS: this article helps positions the strengths and weaknesses of lean and agile to highlight where each fits best in an organization.

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The #ecommerce surge in few visuals with focus on US + UK paints the picture of the growth of eCommerce during lockdown and raises the question: what will remain in 6 months or so? via @benedictevans

The #ecommerce surge in few visuals with focus on US + UK paints the picture of the growth of eCommerce during lockdown and raises the question: what will remain in 6 months or so? via @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

we’re in a period of both forced experiment and forced experimentation. In January everyone was online and willing to try anytime online: now we have no choice. So, some of this is the future happening more quickly, with years of growth being pulled forward, but some of it also is an experiment that won’t stick. We’ll find out which in the next six months or so.

Farid Mheirs insight:

WHY IT MATTERS: ecommerce has surged during covid lockdown. Data now proves what we've all assumed: covid lockdown has accelerated eCom growth in a few months. Now the question is: what will remain after the pandemic is over? Will consumer adopt eCommerce more or be happy to go back in store?

My take is that

- consumers will keep using eCom *if* we can reduce delivery costs as they make eCommerce unprofitable for most retailers

- an economic recession or depression (or government financial crisis) may see consumers go back to stores as they look for savings which are more often than not found in large stores, rarely in eCommerce

- categories probably will behave differently in the recovery, consumers being more price conscious on grocery than they are on clothing or appliances or other

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A reference of 55 Business Model Patterns to help get you started on #innovation via Business Model Navigator

A reference of 55 Business Model Patterns to help get you started on #innovation via Business Model Navigator | WHY IT MATTERS: Digital Transformation | Scoop.it

In this section, dive into one of the 55 Business Model Patterns, each providing a practical template to help you build new business models from scratch and supercharge your existing business models. A short description is provided, capturing the key concept and underlying mechanisms of the respective business model pattern, as well as exemplary firms applying the pattern.

Farid Mheirs insight:

WHY IT MATTERS: amazing reference of business models to help explore possibilities in your innovation plans.

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A Day In The Metaverse explores what the future may be like when augmented reality becomes... a reality ;-) #AR via @forbes

A Day In The Metaverse explores what the future may be like when augmented reality becomes... a reality ;-) #AR via @forbes | WHY IT MATTERS: Digital Transformation | Scoop.it

The physical world will become machine-readable, clickable, & searchable. There will be new interfaces & new ways to navigate & create content. We will create new lexicons and even new architectures for our digital selves and the digital world around us. What could a day in the metaverse look like? What if interacting with our digital assistants and virtual life could be more streamlined, productive and even fun? For many tasks, smartphones are bulky. They don’t allow us to work with both hands. They’re awkward as mirrors to the augmented world. AR glasses offer a different solution, one where the digital and physical come together in a streamlined approach.

Farid Mheirs insight:

WHY IT MATTERS: biggest hyped product in Apple glass. No one knows when they come out but they may represent as big a leap as iPone was in 2007. This article provides some good insights in future possibilities of an augmented reality world - as different from today as nokia phone vs. iPhones. Great read to see the potential. But be careful, this remains very visionary and many solutions (hardware, software, ecosystem, etc.) need to be in place for this to become reality... Hype ahead!

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Do We Really Need the Office? THE question on everyone's mind via @HBR

Do We Really Need the Office? THE question on everyone's mind via @HBR | WHY IT MATTERS: Digital Transformation | Scoop.it

I’m typing this in my sweatpants, in my living room, because our offices have been closed since mid-March as a result of the Covid-19 pandemic. My internet goes out approximately twice a day. I exercise in the same space in which I answer emails and Slack messages. I sort of mentally crumple up my day as I move from the living room to the kitchen for dinner. I am just a small part of an accidental grand experiment: Do knowledge workers really need the office?

Farid Mheirs insight:

WHY IT MATTERS: this short article from HBR provides trove of links for further reading on the subject that is on everybody's mind these days...

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The eight essentials of innovation also apply to #digitalTransformation IMHO via @McKinsey

The eight essentials of innovation also apply to #digitalTransformation IMHO via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Strategic and organizational factors are what separate successful big-company innovators from the rest of the field.

Farid Mheirs insight:

WHY IT MATTERS: digital transformation often means innovation: different or new technologies, modified processes, new skills and expertise. To innovate - and thus to transform digitally - McKinsey suggests 8 elements to include in this article.

asse91993@gmail.com's curator insight, August 9, 12:52 AM
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Joyeeta Mookherje's comment, August 26, 7:11 AM
Digital Transformation is so necessary right now in this pandemic situation. Major industries are evolving with this revolution of technology all over the world. Do give this blog a read on the same topic for some more information. https://www.inovarconsulting.co.in/the-revolution-of-digital-transformation/?utm_source=Scoopit&utm_medium=DigTransformation
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State of Corporate Innovation Report survey from @planbox highlights key facts about #innovation: few do it, fewer do it well. Yet everyone has to do it in these changing times #mustRead

State of Corporate Innovation Report survey from @planbox highlights key facts about #innovation: few do it, fewer do it well. Yet everyone has to do it in these changing times #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

Leverage the data and insights in our State of Corporate Innovation Report to support making the case for innovation management as a core competency.

Farid Mheirs insight:

WHY IT MATTERS: innovation often is tightly related to digital transformation. This survey from planbox provides useful insights about the state of corporate innovation and also provides some useful tools such as the maturity levels highlighted here.

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The (not so) hidden cost of food #delivery shows that the current model is unsustainable - and not just for restaurants via @techcrunch

The (not so) hidden cost of food #delivery shows that the current model is unsustainable - and not just for restaurants via @techcrunch | WHY IT MATTERS: Digital Transformation | Scoop.it

The food delivery ecosystem suffers from a lack of differentiation, compounded by an opaque and confusing web of markups and fees.

Farid Mheirs insight:

WHY IT MATTERS: delivery is the last problem to solve for eCommerce to explode. Not only do delivery fees need to be reduced via automation and "milk runs", but it is impossible for retailers and restaurant to support the rent of mostly empty space (during covid and I assume some time after) in prime locations. The overall business model has to change. Ghost kitchens, dark stores, and other solutions are required.

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10 Types of #Innovation: The Art of Discovering a Breakthrough Product #visualization #infographics via @visualcap

10 Types of #Innovation: The Art of Discovering a Breakthrough Product #visualization #infographics via @visualcap | WHY IT MATTERS: Digital Transformation | Scoop.it

How do companies like Amazon and Apple consistently make game-changing products? Here are 10 types of innovation, and the tactics that lead to big breakthroughs.

Farid Mheirs insight:

WHY IT MATTERS: interesting visualization to help categorize innovation projects.

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The rise of #telehealth may be one of the best long-term effect of COVID-19 - and the market potential is huge for startups to grab via @McKinsey

The rise of #telehealth may be one of the best long-term effect of COVID-19 - and the market potential is huge for startups to grab via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Telehealth has helped expand access to care for patients restricted from seeing their doctors. Actions taken today will determine if its full potential is realized after the crisis is over.

Farid Mheirs insight:

WHY IT MATTERS: one wonders why telehealth and telemedecine is not more prevalent given the high cost of health and aging population. This report highlights the potential for telehealth and the market potential is huge.

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