WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Amazon Prime reaches 200 million members worldwide - so the value of PRIME must be almost almost 500B$

Amazon Prime reaches 200 million members worldwide - so the value of PRIME must be almost almost 500B$ | WHY IT MATTERS: Digital Transformation | Scoop.it

Amazon has 147 million Prime members in the United States, according to estimates from Consumer Intelligence Research Partners.

Farid Mheir's insight:

WHY IT MATTERS: Prime has 200M members worldwide, 143M in USA. Interesting to see what people use it for - but the survey hides an important fact: the real value of PRIME for Amazon.

I wrote about the value of PRIME in the past but this increase warrants a review of previous numbers. Back in 2016 when "only" 48M members, this report valued PRIME at 143B$.

www.vox.com/2016/10/5/13175272/amazon-prime-valuation-worth-143-billion-cowen-report

 

Also more here: blog.fmcs.digital/?q=amazon+prime

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DoorDash and Instacart look to dive into the credit card space, riding on the rise of #eCommerce

DoorDash and Instacart look to dive into the credit card space, riding on the rise of #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Instacart: The firm will be working with JPMorgan Chase to issue a credit card that will reportedly let customers earn 5% cash back on Instacart purchases. The card is said to launch next year.
DoorDash: The company is rumored to have several bidders lined up for its rewards credit card, including JPMorgan Chase, but is reviewing its options before making a decision in the next few weeks. DoorDash is also in the process of recruiting restaurant partners and stores to offer cardholders rewards and discounts on a rotating or permanent basis.

Farid Mheir's insight:

WHY IT MATTERS: interesting to see that pick-pack-delivery providers are in the best position to monetize their direct customer relations, like banks & shopping malls before eCommerce. 

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7 companies driving the US click-and-collect boom - 50% of #ecommerce of orders are #BOPIS means that #delivery is too expensive in most cases

7 companies driving the US click-and-collect boom - 50% of #ecommerce of orders are #BOPIS means that #delivery is too expensive in most cases | WHY IT MATTERS: Digital Transformation | Scoop.it

It makes sense that home improvement retailers leaned the heaviest on click and collect, given the size and weight of many of their products, and the fact that buyers—including small businesses, contractors, and repair service providers—often need these products immediately.
The big-box retailers came in just behind the home improvement retailers, followed by department stores like Macy’s and Nordstrom, which saw the least dramatic transitions to click and collect.
The lower figures for department stores can partially be attributed to the complete closure of certain locations during the height of the pandemic, thus precluding click and collect and forcing customers into traditional ecommerce delivery. Additionally, demand for apparel was low last year when compared with other product categories. But the lower click-and-collect share figures for department stores probably comes down to consumers still preferring home delivery for lower-priority, less time-sensitive items like clothing and accessories.

Farid Mheir's insight:

WHY IT MATTERS: click-n-collect will remain a reality for some products because delivery fees are just TOO HIGH. We need a low cost delivery solution for eCommerce, or well designed pickup areas in all stores.

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Amazed the #CloudComputing remains a question on some #CIOs mind - maybe this @McKinsey analysis of the trillion-dollar opportunity will convince the most reluctant

Amazed the #CloudComputing remains a question on some #CIOs mind - maybe this @McKinsey analysis of the trillion-dollar opportunity will convince the most reluctant | WHY IT MATTERS: Digital Transformation | Scoop.it

Companies should explore seven specific drivers to assess where the value lies in cloud. As companies assess the opportunities enabled by cloud, a detailed review of the sources of value can pinpoint where they need to focus their attention, people, and resources. Across the three dimensions, seven drivers of value can collectively generate more than $1 trillion in value.

Farid Mheir's insight:

WHY IT MATTERS: the opportunity of cloud computing remains whole as per this analysis from McKinsey. One chart of the benefits should convince the most reluctant CIOs that cloud is a good thing.

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Google Shopping microsite highlights 1,000 of the most popular products based on users interests - and marks the start of a battle against Amazon for being the destination for #eCommerce search sta...

Google Shopping microsite highlights 1,000 of the most popular products based on users interests - and marks the start of a battle against Amazon for being the destination for #eCommerce search sta... | WHY IT MATTERS: Digital Transformation | Scoop.it

Google Shopping has gone through quite the metamorphosis over the years. Back in 2002, it was called Froogle upon launching - a pun on the term frugal - and was later renamed to Google Product Search in 2007. Then, it was renamed yet again to Google Shopping in 2012 and went through several iterations even within itself relating to how information was presented to users. 

Farid Mheir's insight:

WHY IT MATTERS: with the explosion of marketplaces, eCommerce will become a battle for the product search starting point. Used to be that you went to Google first for everything. But in recent years, searching for products often meant you started your search on Amazon, not Google - as evidenced by the growth in Amazon traffic and ads. Big problem for Google. 

Google shopping is their answer and this microsite that highlights the best products per categories is trying to do for product search what Google had done for website searches in 2000: aggregate the interest of millions to reference eCommerce websites everywhere - and mostly away from Amazon. 

After years of not doing anything, we now see Google taking eCommerce seriously.

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How confortable are humans with #robots? well it depends, and this list ranks 70 robotic solutions from smartphones to drones to self-checkout in #retail via @myplanet

How confortable are humans with #robots? well it depends, and this list ranks 70 robotic solutions from smartphones to drones to self-checkout in #retail via @myplanet | WHY IT MATTERS: Digital Transformation | Scoop.it

A comprehensive survey designed to surface consumer comfort levels with new and emerging technologies.

Farid Mheir's insight:

WHY IT MATTERS: the scores and the ranking is not important. This list is meaningful because it shows just how broad and deep the automation has become in retail stores. Expect to see a lot of those in your local shopping destination.

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#eCommerce in Québec 2020 provides interesting insights as we can measure people behaviour when travel and shows are not an option (they usually skew the transaction up quite a bit)

#eCommerce in Québec 2020 provides interesting insights as we can measure people behaviour when travel and shows are not an option (they usually skew the transaction up quite a bit) | WHY IT MATTERS: Digital Transformation | Scoop.it

Enquête NETendances 2020 - Le commerce électronique au Québec. Les achats en ligne au Québec ont connu une croissance de 15 % en un an.

Farid Mheir's insight:

WHY IT MATTERS: no surprise, eCommerce is popular here as everywhere. The data is useful to see what people buy when travel and shows are not an option (ie. covid ;-):  they usually skew the average transaction up quite a bit.

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No surprise: #Livestreaming on the rise during pandemic shutdown - not sure that it will remain as popular after, but may become a required feature in #ecommerce platforms

No surprise: #Livestreaming on the rise during pandemic shutdown - not sure that it will remain as popular after, but may become a required feature in #ecommerce platforms | WHY IT MATTERS: Digital Transformation | Scoop.it

The pandemic has boosted adoption of livestreaming technologies among brands and retailers looking to engage more directly with customers. The addition of commerce features is now transforming livestreaming into a growth engine for e-commerce globally.

Farid Mheir's insight:

WHY IT MATTERS: livestreaming - or live shopping - is very popular in Asia and has seen sharp rise during covid shutdown. I assume the popularity will slow as we resume normal life, but the trend appears strong enough that it becomes a required feature in eCommerce platforms...

Danny Simmons's comment, March 26, 11:33 AM
Oh! I have read about it recently here: https://www.nngroup.com/articles/livestream-ecommerce-china/
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6 Trends Rising E-Commerce Players Are Leveraging To Compete Against Amazon from @CBInsights - one trick not on the list is #lepanierbleu, for local products ;-)

6 Trends Rising E-Commerce Players Are Leveraging To Compete Against Amazon from @CBInsights - one trick not on the list is #lepanierbleu, for local products ;-) | WHY IT MATTERS: Digital Transformation | Scoop.it
  1. Niche assortment: Niche assortment companies focus on a narrow product assortment and gain a following among fanatics.  
  2. Distinctive convenience: Distinctive convenience companies strive to deliver ease and speed as a service. 
  3. Social connection: Social connection companies home in on the community and social aspects to promote product discovery, connection, and sales. 
  4. Personalization: Personalization companies focus on merchandising (product recommendations and search) and product customization (tailor a product specifically to a customer).
  5. Sustainability: Sustainability companies strive to reduce material waste, add more efficient products and services, and incorporate more transparent messaging. 
  6. Amazon market jockeys: Amazon market jockeys are companies that buy and scale up third-party marketplace brands on Amazon. Rather than Amazon-proofing, these companies are riding the wave of Amazon’s success.
Farid Mheir's insight:

WHY IT MATTERS: interesting take on a hot topic. How can retailers compete with Amazon? One way for local products is le panier bleu ;-)

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Marketplace is the #ecommerce buzzword for 2021 with an explosion of options: we at #lepanierbleu are part of this trend for #achatlocal... but yet to make the top 100 by @a16z ;-)

Marketplace is the #ecommerce buzzword for 2021 with an explosion of options: we at #lepanierbleu are part of this trend for #achatlocal... but yet to make the top 100 by @a16z ;-) | WHY IT MATTERS: Digital Transformation | Scoop.it

A ranking of the largest and fastest-growing consumer-facing marketplace startups and private companies. From food delivery to outdoor travel, the Marketplace 100 reflects the imprint of a year like no other. The Marketplace 100 is based on data from Bloomberg Second Measure, a consumer data analytics company that analyzes billions of purchases to track real-time consumer behavior and relative sales across over 5,200 merchants. The startups and private companies on the Marketplace 100 are then ranked using a common industry metric, Gross Merchandise Value (GMV), which is extrapolated from the total dollars consumers are spending against each company.

Farid Mheir's insight:

WHY IT MATTERS: eCommerce evolution requires the equivalent of shopping malls, to draw customers into a single location. This list of top 100 solutions is very informative.

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#SERPs, Traffic and Trends: Mobile vs. Desktop in 2021 highlights the importance of local, images and video in organic results

#SERPs, Traffic and Trends: Mobile vs. Desktop in 2021 highlights the importance of local, images and video in organic results | WHY IT MATTERS: Digital Transformation | Scoop.it

We looked into how traffic trends and user behavior on mobile stack up against desktop, and also analyzed mobile vs. desktop SERP discrepancies.

Farid Mheir's insight:

WHY IT MATTERS: search engine optimization (SERP, SEO, SEM) is essential and this report highlights some of the best practice. Basically focus on mobile, local, images, videos.

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Mapping the #DevSecOps Landscape 2020 Survey Results from @GitLab is guiding us towards best practices and trends in #softwareEngineering #devOps

Mapping the #DevSecOps Landscape 2020 Survey Results from @GitLab is guiding us towards best practices and trends in #softwareEngineering #devOps | WHY IT MATTERS: Digital Transformation | Scoop.it

This report offers an inside look at how DevOps practitioners around the world tackle the same challenges you face. With a mix of hard data and real stories, we hope you’ll find wisdom and encouragement. No one ever said DevOps was easy — not even GitLab. But it is clear that a mix of the right tools, culture, collaboration, and a willingness to try and fail will move software development teams forward.

Farid Mheir's insight:

WHY IT MATTERS: survey result from GitLab about devOps practices. Take numbers and % with HUGE grain of salt as I don't feel they represent the "real world" as they are skewed toward smaller organizations and (relatively) early adopters. Nevertheless, the tools and the practices and the trends should be looked at seriously in any organization. I know it will shape how I do things for le panier bleu... ;-)

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The Next Era of Human-Computer Interaction #HCI is all about #augmentedReality #AR - but most of it really depends on availability of glasses, so still a few years down the road

The Next Era of Human-Computer Interaction #HCI is all about #augmentedReality #AR - but most of it really depends on availability of glasses, so still a few years down the road | WHY IT MATTERS: Digital Transformation | Scoop.it

TL;DR: In today’s post — the first in a series exploring the future of human-computer interaction (HCI) — we’ll begin to unpack the 10-year vision of a contextually-aware, AI-powered interface for augmented reality (AR) glasses that can use the information you choose to share, to infer what you want to do, when you want to do it.

Farid Mheir's insight:

WHY IT MATTERS: this long read from Facebook Tech provides insights into the potential of augmented reality.

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February 2021 #retailStore attendance -36% from usual slowly growing

February 2021 #retailStore attendance -36% from usual slowly growing | WHY IT MATTERS: Digital Transformation | Scoop.it

RetailNext, the leader in comprehensive in-store analytics, is pleased to announce that the latest Retail Performance Pulse is currently available for download. This monthly report aggregates millions of retail performance data points to give you a pulse on the industry and enable: Store performance benchmarking Financial forecasting Trend analysis across traffic, sales, and conversion metrics […]

Farid Mheir's insight:

WHY IT MATTERS: this data of store attendance will be interesting to follow as stores reopen. Note this data is for USA, not Canada.

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2021 Magic Quadrant for Analytics and BI Platforms shows Microsoft as standalone leader, with Tableau close behind

2021 Magic Quadrant for Analytics and BI Platforms shows Microsoft as standalone leader, with Tableau close behind | WHY IT MATTERS: Digital Transformation | Scoop.it

The definition of self-service is shifting in this field as augmented capabilities pervade platforms. At the same time, cloud ecosystems and alignment with productivity tools have become key selection factors. This Magic Quadrant will help data and analytics leaders plan an analytics and BI roadmap.

Farid Mheir's insight:

WHY IT MATTERS: remember when big data and advanced analytics were big buzzwords? Not anymore, they are part of the business as usual and I find interesting that Microsoft is way out there alone in the right corner. But true, their powerBI tools are everywhere...

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Walmart’s leaked documents showcase its plans to take on Amazon 

Walmart’s leaked documents showcase its plans to take on Amazon  | WHY IT MATTERS: Digital Transformation | Scoop.it

Internal company documents from March 2020 obtained by Insider reveal the retailer’s initiative—dubbed “Project Glass”—to strengthen its business and take on Amazon head-on.

Farid Mheir's insight:

WHY IT MATTERS: a bunch of links and data about Walmart's ecommerce efforts. 

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Who would have thought: Chromebooks are a #thing now! they outsold Macs worldwide in 2020 & cut into Windows market share

Who would have thought: Chromebooks are a #thing now! they outsold Macs worldwide in 2020 & cut into Windows market share | WHY IT MATTERS: Digital Transformation | Scoop.it

New numbers show 2020 was the first year that Chromebooks outsold Macs, posting impressive market share gains at the expense of Windows. Computers powered by Google's Chrome OS have outsold Apple'

Farid Mheir's insight:

WHY IT MATTERS: very interesting trend here where web-centric laptops are becoming more than just toys. Chromebooks are basically a browser OS with everything in the cloud. It brings the same flexibility that smartphones have - everything's in the cloud so if you destroy your phone you can pickup where you left off on a new device with nothing lost.

When I think of end user computing digital transformation strategies, I now have to think of those as a serious alternatives, especially for companies that are Google Suite centric (not sure about O365).

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Self-driving cars: start south with driverless autonomous trucks lead seems to be the way to go via @Deloitte

Self-driving cars: start south with driverless autonomous trucks lead seems to be the way to go via @Deloitte | WHY IT MATTERS: Digital Transformation | Scoop.it

Driverless trucks are already heading out to the highway, as shipping companies increasingly look to autonomous technology to meet rising demand for goods.

Farid Mheir's insight:

WHY IT MATTERS: interesting study from Deloitte about the future of self driving and the first possible market to be disrupted: delivery truck in southern USA.

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How #AI often surprises its creators and other stories about AI experiments from @BBC Future

How #AI often surprises its creators and other stories about AI experiments from @BBC Future | WHY IT MATTERS: Digital Transformation | Scoop.it

Algorithms using artificial intelligence are discovering unexpected tricks to solve problems that astonish their developers. But it is also raising concerns about our ability to control them.

Farid Mheir's insight:

WHY IT MATTERS: good article about the different experiments in AI recently.

meinieprawn's comment, March 1, 5:51 PM
good
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3 years of growth in 3 quarters: ecommerce share rose from 17% in Q4 2019 to 20% in Q4 2020

Covid brought shock and a lot of broken habits to tech, but mostly, it accelerates everything that was already changing.

Farid Mheir's insight:

WHY IT MATTERS: we've known this since the beginning of the covid shutdown and numbers confirm this. The chart is from a tweet from Ben Evans with more insights in his annual presentation here: https://www.ben-evans.com/presentations

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From Bricks to Clicks, State of Mobility in Retail 2021 Report provides insights into #eCommerce customer behaviour changes during #covid via @JdeMontreal

From Bricks to Clicks, State of Mobility in Retail 2021 Report provides insights into #eCommerce customer behaviour changes during #covid via @JdeMontreal | WHY IT MATTERS: Digital Transformation | Scoop.it

L’enquête de la firme SOTI révèle que la Covid-19 a radicalement changé les attentes des consommateurs à l’égard des détaillants et du commerce en ligne. Selon leur étude (From Bricks to Clicks, State of Mobility in Retail 2021 Report) réalisée à l’échelle du globe, les consommateurs ne cliquent pas sur «acheter» si les retours ne sont pas faciles, si l'expédition et la livraison ne sont pas traçables, par contre la sécurité des données ne semble pas être une priorité absolue.

Farid Mheir's insight:

WHY IT MATTERS: (in french) a summary of key conclusions and stats from a recent report on consumer behaviour regarding eCommerce during covid shutdown. Even though we've flocked to eCommerce the experience remains plagued with issues that must be addressed in the coming years.

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The #AI behind DeepMind's Go breakthrough is finding it way to the factory floor and leads the way to physical worl impact

The #AI behind DeepMind's Go breakthrough is finding it way to the factory floor and leads the way to physical worl impact | WHY IT MATTERS: Digital Transformation | Scoop.it

Better simulators are helping companies to use deep reinforcement learning to improve operations. Sometimes the results are surprising.

Farid Mheir's insight:

WHY IT MATTERS: robots that learn from experience and not from past data is the subject of major improvements in manufacturing automation. Great overview in this short article. Points the way towards what we can expect in the future: AI that impacts the physical world, not just pages on a web browser or smart phone...

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Email #Marketing Trends Report 2021: from design to #privacy to artificial intelligence, #email remains core to the #digitalTransformation #AI 

Email #Marketing Trends Report 2021: from design to #privacy to artificial intelligence, #email remains core to the #digitalTransformation #AI  | WHY IT MATTERS: Digital Transformation | Scoop.it

In one of the most popular trends reports in the industry, we take a journey through the important email marketing and automation trends for 2021. 8 leading email marketing experts join forces to bring you the latest trends essential for business success this year.

Farid Mheir's insight:

WHY IT MATTERS: to my surprise email remains a key tools in the digital marketing tool belt yet I remain surprise at the level of complexity that it requires *when done well*. Thus this report on key trends and best practices I find useful.

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The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN

The Rise of the CTO - 2021 IBM CEO study highlights the importance of #technology for CEOs - trend or #tunnelVision from @IBM? Thanks to @SeanMoffitt @FutureproofingN | WHY IT MATTERS: Digital Transformation | Scoop.it

We surveyed more than 3,000 CEOs around the world to learn how they are positioning their organizations for success after COVID-19. Five key factors set outperforming CEOs apart.

Farid Mheir's insight:

WHY IT MATTERS: technology is high on CEO radar of priorities as digital transformations shifts from front-office (web, social, search, all areas of the marketing CMO) to the back office (manufacturing, security, IOT, cloud, AI). CIOs play a role but many times they can't cut it so the CTO comes in. Could be a fundamental trend, or simply tunnel vision (it is an IBM survey after all ;-). Thanks to Sean Moffitt - Future Proofing Next guru! Many more insights in the full report.

andrenghutch@gmail.com's curator insight, February 7, 11:12 PM

real estate is all about location, business is all about culture.

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Put this on your long-term #AI radar: put #Memristors in Neural Networks because they act like neurons, are low-power and non volatile via @IEEESpectrum

Put this on your long-term #AI radar: put #Memristors in Neural Networks because they act like neurons, are low-power and non volatile via @IEEESpectrum | WHY IT MATTERS: Digital Transformation | Scoop.it

Newfound “edge AI” applications for device that integrates memory and computing, has randomness built in, sips battery power

Farid Mheir's insight:

WHY IT MATTERS: a bit geeky but this article explains quite well how memristors can become the basis for improve AI systems in the future.

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