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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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Most companies and universities aren't built for the virtual world.
Farid Mheirs insight:
WHY IT MATTERS: Sooooo true! we have many technologies to enable remote work, from videoconferencing to shared documents with collaborative editing. The problem is that humans want - need? - to meet face to face, to interact in meaningless fashion, to foster creativity, innovation, and develop a sense of community with fellow employees. 
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The experts predict that AI will outperform humans in the next 10 years in tasks such as translating languages (by 2024), writing high school essays (by 2026), and driving trucks (by 2027).
Farid Mheirs insight:
WHY IT MATTERS: we hear too much about AI with many experts fighting hard to make the difference between AI, machine learning and deep learning. My summary is that AI is a long way in the future but that machine learning impacts will be well within my lifetime - 10 to 25 years from now. This is what I prepare my customers for in my strategic plans.
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A powerhouse squad of members of the Wikibrands Collective discussing some of the general discussions and debates on business and digital transformation.
Farid Mheirs insight:
WHY IT MATTERS: a shameless bit of self promotion for our first webcast on digital transformation with other members of the wikibrands collective that is starting to take shape. Short, 20 minutes discussion on important topics to consider regarding digital transformation
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BlackLine automates complex, manual & repetitive accounting processes & enables companies to move beyond the legacy record-to-report process.
Farid Mheirs insight:
WHY IT MATTERS: finance and accounting remain manual and paper-driven. However, there are advances with robotic process automation and solutions that aim to make accounting a continuous process, not a once a month struggle. Sure looks to me like something we have done in software engineering years ago with continuous integration and deployment.
Vezta & Co.'s curator insight,
August 31, 2018 1:36 PM
WHY IT MATTERS: finance and accounting remain manual and paper-driven. However, there are advances with robotic process automation and solutions that aim to make accounting a continuous process, not a once a month struggle. Sure looks to me like something we have done in software engineering years ago with continuous integration and deployment. 
Marie Torossian, CPA, CGMA's curator insight,
September 1, 2018 10:52 AM
How automated is your accounting process? I'm always looking for better integration of software to free up time for my staff to perform more analytics. Here's a nice read on Digital transformation in Finance and Accounting
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Digital transformation does not happen slowly over time, but rather abruptly after a long period of denial by industry leaders.
Farid Mheirs insight:
WHY IT MATTERS: this post from 2013 is still as valid today as it was 5 years ago. Why do so many companies continue to be in denial?
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How to adjust the operating model and revive stalled digital efforts. Specifically: - Does the concept of an "organizational structure" still make sense? Or should we move to self-organizing, manager-less teams?
Farid Mheirs insight:
WHY IT MATTERS: digital transformation is more than just implementing new technologies. There must also be changes in processes and people, often with different organizational structures. This article from Bain presents different alternatives, along with pros and cons for each.
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If you live or have been in London for the last two days, it will not have escaped your notice that something unusual is happening. Two trade unions who represent some London Underground staff have...
Farid Mheirs insight:
This post reminds of a too familiar issues when it comes to digital transformation: change management. We, digital-minded people, minimize it and often it comes back to prevent success. It reminds me of the Apple pirate flag story (or at least my interpretation of it). When Apple was designing the macintosh, the team moved into a new building and planted a pirate flag on the roof. The idea was simple: identify the macintosh team as a rebel organization that would overtake everyone else. Even quite possible the "existing Apple", the company that made the Apple II. They recognized early that the mac would require a major transformation that could ultimately kill its existing business. I find very few businesses ready today to make that same bold statement when it comes to digital transformation. Which often leaves plenty of room for disruptors to come in and steal the show.
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Celia Pronto is Group Marketing and Ecommerce Director at Ford Retail, and her expertise is in working with multichannel businesses experiencing vast transformation. She will be speaking about Ford Retail's digital transformation, and the importance of customer experience.
Farid Mheirs insight:
Key messages: digital transformation takes time, customer expectations are high and retailers have yet to meet them
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As a result of this transformation, many medium-sized and large dealerships now have Internet sales teams, and landing at the top of local search pages such as Google Places, Yahoo Local and Bing Maps has become a priority.
Farid Mheirs insight:
Great example of the needs for small businesses to embrace the digital medium or die. The large automakers have made the shift years ago but car dealerships are small businesses and they have yet to make the move. Looks like the time is now and that they need help tomake the transition, changing processes and I assume people as well...
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Since the debut of the iPad, a significant shift has occurred. For the first time, executives not only bought this new device, they bought into it. They became true believers.
Farid Mheirs insight:
It seems true that the ipad marks the pinacle of changes that have started with the public introduction of the Internet in 1994. An increased level of adoption by executives often means a clearer understanding of the opportunities. Take for example the switch from paper documents to electronic ones in boardrooms. The impact of ipads is tremendous and over a few years most board of directors have switched to electronic distribution of documents, often on ipads. Not that it was not possible before to do it on laptop but ipads made it easy. With executive adoption you get a much faster transformation as they understand the benefits and want to have the electronic documents in their briefcase rather than the stacks of papers.
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Curated by Farid Mheir
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WHY IT MATTERS: can we consider space exploration startups as part of corporate digital transformation? Probably not but:
1) it is great to see this happening and very "startrek"
2) some space solutions are bound to have an impact on companies - think spaceX #starlink constellation of satellites that give low latency high bandwidth internet connection worldwide
So yeah, I think it is ;-)