WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Lululemon buys interactive home gym startup Mirror for $500 million

Lululemon buys interactive home gym startup Mirror for $500 million | WHY IT MATTERS: Digital Transformation | Scoop.it

Lululemon is dipping into home workout tech by acquiring Mirror for $500 million.


Via Richard Platt
Farid Mheirs insight:

WHY IT MATTERS: used to be (a few years ago) that these were DIY projects. Now they look like real products.

Richard Platt's curator insight, June 30, 9:47 AM

Lululemon is best-known for gym clothes, but the gym isn’t an option in areas hard-hit by the pandemic — so it’s finding a way to foster workouts at home. The company has bought home fitness startup Mirror for $500 million to “accelerate the growth of personalized in-home fitness.” While Lululemon didn’t say how the technology would evolve, it said Mirror would operate as a standalone company with Brynn Putnam remaining as CEO.

Sales of Mirror’s connected exercise display could keep demand for apparel going regardless of how long gyms remain closed. As TechCrunch observes, though, this also gives Lululemon a convenient opportunity to compete against Peloton, Tonal and others making smart home fitness equipment. Don’t be surprised if Mirror steps up development of its signature product and makes it more widely available.

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14 #tech #trends from @CBInsights provides essential input for any #digitalTransformation strategic planning process

14 #tech #trends from @CBInsights provides essential input for any #digitalTransformation strategic planning process | WHY IT MATTERS: Digital Transformation | Scoop.it

The trends in this report — while buttressed by data and evidence — are meant to shake our faith in steady trend lines. They point to areas where conditions are ripe for discontinuity and disruption. This report asks us, in effect, to “watch these spaces,” and expect to see surprises and opportunities. In that spirit, here are 14 tech trends that deserve close attention in the first year of the 2020s

Farid Mheirs insight:

WHY IT MATTERS: an amazing overview of technologies that are on the horizon. They range from bizarre - empathy design? - to the probable and useful - supply chain tech improvements. Read it.

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Wellness Trends To Watch In 2019 include many elements related to #retail to create new store experiences via @cbinsights

Wellness Trends To Watch In 2019 include many elements related to #retail to create new store experiences via @cbinsights | WHY IT MATTERS: Digital Transformation | Scoop.it

What’s next for wellness? Our analysts identified 18 of the biggest wellness trends to watch in 2019, from wellness tourism to boutique meditation.

Farid Mheirs insight:

WHY IT MATTERS: if retail transformation implies creating in-store experience, then it makes sense for wellness to play a major role.

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21 #jobs humans will have in the future may include #FitnessCommitmentCounselor #PersonalDataBroker #WalkerTalker

21 #jobs humans will have in the future may include #FitnessCommitmentCounselor #PersonalDataBroker #WalkerTalker | WHY IT MATTERS: Digital Transformation | Scoop.it

Automation will eliminate jobs but it will also create them. Here are 21 jobs that will exist in the future.

Farid Mheirs insight:

WHY IT MATTERS: AI will replace many human activities - from driving trucks to auditing accounting books. Futurists predict that new jobs will emerge, jobs that today do not make sense but that in the future will become essential - same way that our ancestors in early 1900s would not have believed that data scientist or software programmer or webmaster would exist today...

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Funding Your Bliss: Mindfulness Startups Scale Up

Funding Your Bliss: Mindfulness Startups Scale Up | WHY IT MATTERS: Digital Transformation | Scoop.it
Welcome to the world of mindfulness and wellness apps. In the past year or so, investors have backed more than 20 startups developing apps and tools aimed at promoting mindfulness, happiness, and other desirable mental states. To date, these companies have raised more than $150 million, according to Crunchbase data. Several of the largest rounds have been in recent months, with the vast majority of funding going to California-based startups.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

Wellness, fitness and mindfulness are more important now than ever it seems. This study tends to agree and provide some great examples.

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A Shift to Purpose and Well-Being

A Shift to Purpose and Well-Being | WHY IT MATTERS: Digital Transformation | Scoop.it

Singularity University has been talking about purpose for some time now. They describe a focus that is audaciously big and aspirational, causing significant transformation to an Industry, community, or the planet. There is a clear “why” behind the work being done, something that unites and inspires action. They call this a Massive Transformative Purpose.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

Tata Consulting CTO Franck Diana consistently raises interesting trends and forecasts. here, I find useful his mapping of well-being to innovation (mostly technological innovations that fall in the digital transformation/disruption world). I plan to reuse this grid in my work and analysis.

tavaresandro's curator insight, August 30, 2017 8:15 AM

WHY THIS IS IMPORTANT

Tata Consulting CTO Franck Diana consistently raises interesting trends and forecasts. here, I find useful his mapping of well-being to innovation (mostly technological innovations that fall in the digital transformation/disruption world). I plan to reuse this grid in my work and analysis.

TestingXperts's comment, September 5, 2017 9:07 AM
thanx
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This 'temporary tattoo' could totally change #healthcare & #wearables

This 'temporary tattoo' could totally change #healthcare & #wearables | WHY IT MATTERS: Digital Transformation | Scoop.it
Scientists developed a stretchable electronic sensor that looks like a temporary tattoo.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

Digital transformation often starts with innovative new technologies. This technologies has been in development for many years and thus we should keep them on our radars for when they spring out of the lab as commercial products. Not just yet though but keep that in mind when strategic plans are being drawn...

Na Lala's curator insight, July 21, 2017 8:31 AM

Un tatouage temporaire scientifique !

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#AI investment is growing and touching every industry

#AI investment is growing and touching every industry | WHY IT MATTERS: Digital Transformation | Scoop.it
The CB Insights artificial intelligence deals tracker looks at top AI deals across industries.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

AI startups funding shows that the investments has been growing steadily in the past 4 years and that every industry will be affected by the technology.

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Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1

Weekend read: 350 slides Mary Meeker’s 2017 internet trends report - eCommerce is killing traditional retail #1 | WHY IT MATTERS: Digital Transformation | Scoop.it

The most anticipated slide deck of the year is here. Key takeaways:

  • Global smartphone growth is slowing: Smartphone shipments grew 3 percent year over year last year, versus 10 percent the year before. This is in addition to continued slowing internet growth, which Meeker discussed last year.
  • Voice is beginning to replace typing in online queries. Twenty percent of mobile queries were made via voice in 2016, while accuracy is now about 95 percent.
  • In 10 years, Netflix went from 0 to more than 30 percent of home entertainment revenue in the U.S. This is happening while TV viewership continues to decline.
  • Entrepreneurs are often fans of gaming, Meeker said, quoting Elon Musk, Reid Hoffman and Mark Zuckerberg. Global interactive gaming is becoming mainstream, with 2.6 billion gamers in 2017 versus 100 million in 1995. Global gaming revenue is estimated to be around $100 billion in 2016, and China is now the top market for interactive gaming.
  • China remains a fascinating market, with huge growth in mobile services and payments and services like on-demand bike sharing. (More here: The highlights of Meeker's China slides.)
  • While internet growth is slowing globally, that’s not the case in India, the fastest growing large economy. The number of internet users in India grew more than 28 percent in 2016. That’s only 27 percent online penetration, which means there’s lots of room for internet usership to grow. Mobile internet usage is growing as the cost of bandwidth declines. (More here: The highlights of Meeker's India slides.)
  • In the U.S. in 2016, 60 percent of the most highly valued tech companies were founded by first- or second-generation Americans and are responsible for 1.5 million employees. Those companies include tech titans Apple, Alphabet, Amazon and Facebook.
  • Healthcare: Wearables are gaining adoption with about 25 percent of Americans owning one, up 12 percent from 2016. Leading tech brands are well-positioned in the digital health market, with 60 percent of consumers willing to share their health data with the likes of Google in 2016.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

This is an annual bag of goodies.

Highlight #1: retail stores are closing at record pace while Amazon opens stores. This is such a huge trend because it transforms stores from a mini-warehouse into something else: a destination for experience, service, and training. Think Apple store with the highest sales per square foot, genius bar, classes and a showroom. Amazon has pushed its Amazon GO, no lines, no registers concept and it is rolling it out slowly. This is just the beginning...

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Study: VR twice as effective as morphine at treating pain

Study: VR twice as effective as morphine at treating pain | WHY IT MATTERS: Digital Transformation | Scoop.it

Over 100 million Americans suffer from chronic pain. SnowWorld attempted to divert a patient’s attention from the pain they were experiencing, and into a magical world that saw them flying through a virtual canyon while throwing snowballs at penguins and snowmen. It’s early, but according to Quartz, others have had similar success: the Pain Studies Lab at Simon Fraser University in Canada, Virtual Reality Medical Center in San Diego, and others have all reported significant improvement for patients using VR simulations to treat pain.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

The power of VR is to transport you in another world. VR has been shown to help treat phobias such as vertigo but now it looks like it can also help with pain reduction. Great idea IMHO.

Luigi Cappel's comment, May 19, 2017 4:11 PM
Thanks for this. I used the same concept with chronic fatigue, to stay awake, but I do it by playing Candy Crush. I don't like the game, but it gives me blue light and stimulates my brain when my body wants to go to sleep at 5 or 6PM. It's also less antisocial in that I'm not putting on a headset and leaving my wife for another realm.
betterhealthstorepharmacy's curator insight, September 21, 9:41 PM

https://www.goldenprimeonlinehealth.com/product/buy-morphine-online/

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We are the product: Using #wearables + #BigData to predict heart disease

We are the product: Using #wearables + #BigData to predict heart disease | WHY IT MATTERS: Digital Transformation | Scoop.it

This study plans to gather more data about heart health from more people than any research study has done before. We'll use it to develop strategies to prevent and treat all aspects of heart disease. It's as simple as that.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

The study behind the recent assessment that Apple watch can be used to predict heart disease. The future of wearable device is health and wellness related.

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Killer use case for #wearables? Study: Apple Watch accurately detects heart problems

Killer use case for #wearables? Study: Apple Watch accurately detects heart problems | WHY IT MATTERS: Digital Transformation | Scoop.it
A study published today suggests your Apple Watch could help detect and track serious heart conditions. According to CNET, researchers from the University of California, San Francisco worked with the app Cardiogram on the Health eHeart study, gathering cardiovascular data from 6,158 people who used Apple Watches. They tested whether the watches were able to …
Farid Mheirs insight:

WHY THIS IS IMPORTANT

Wearables are struggling to find their usefulness. I've been saying from the start that their killer app is with everything related to sensors. This appears to be truer than ever with news like this...

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Shazam for Food? Wearable Dietitians? Microsoft Patents AR/VR Glasses That Tell You What to Eat

Shazam for Food? Wearable Dietitians? Microsoft Patents AR/VR Glasses That Tell You What to Eat | WHY IT MATTERS: Digital Transformation | Scoop.it

Microsoft was granted a patent for augmented reality glasses that track when and what you eat.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

Virtual Reality (VR) is a great idea but very difficult to do well because you have to generate a whole new world. Augmented Reality (AR) and Mixed-Reality (MR) offer a greater potential because it superposes useful information onto the real world. That is the promise and we will see with ideas like this, huge promises and a great deal of hype in the coming months and year. Brace yourself for the weirdests ideas and expect most to fail. 

But keep the faith in the basic idea that AR-MR will revolutionize your life and represent a technology/device/solution that will most probably become as pervasive as fast as the smartphone has with the advent of the iPhone. Because it will be useful.

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The Final Frontier In Virtual Reality? Hacking Your Muscles

The Final Frontier In Virtual Reality? Hacking Your Muscles | WHY IT MATTERS: Digital Transformation | Scoop.it

Tiny bursts of electrical stimulation could help users feel walls and spaces in VR. Lopes and his team found that they could use the wearer’s own muscles against them, artificially creating a counter force, or the feeling of resistance to a physical object, by triggering the opposing muscles. The same setup can also enable the wearer to “hold” a large cube in virtual reality or press a virtual button–while using only a small wearable device hooked up to electrodes that are stuck to the user’s skin.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

There is much work being done on improving sensors to place them on watches and other wearables to measure what humans feel and how they react to real life situations. The next logical step is of course for digital systems to modify human behavior. This is a very young field of research along with exoskeletons and other devices. But it can have a huge impact to make AR, VR, healtcare and fitness applications possible.

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DeepMind is building a blockchain-style system to track healthcare records to bring back #privacy

DeepMind is building a blockchain-style system to track healthcare records to bring back #privacy | WHY IT MATTERS: Digital Transformation | Scoop.it

Alphabet’s artificial intelligence outfit, DeepMind, plans to build a blockchain-style system that will carefully track how every shred of patient data is used. The company, which is rapidly expanding its health-care initiatives, has announced that it will build a tool that it calls Verifiable Data Audit during the course of this year. The idea: allow hospitals, and potentially even patients, to see exactly who is using health-care records, and for what purpose. By logging how every piece of patient data is used, the company hopes to leave behind an indelible audit trail.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

For everyone concerned about privacy in the digital world, the mega digital record would provide visibility into what is currently a completely opaque process. But far more reaching is the possibility to extend this audit trail to all our personal data. 

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Verily’s health research watch is super discreet but knows everything about you #wearables #sensors

Verily’s health research watch is super discreet but knows everything about you #wearables #sensors | WHY IT MATTERS: Digital Transformation | Scoop.it
The watch collects your heart rate and rhythms, but it only tells you the time and date.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

Wearables have had difficulty in recent months to provide strong selling arguments for their devices - which in my opinion are very often nothing more than very expensive watches. That being said, wearables killer use case may lie in the inclusion of sensors to track your every moves and measure your bodily functions, from heart rate to skin conductivity to blood glucose levels. 

 

Also read:

- top 5 wearable vendors: http://sco.lt/6QYZ73

- Apple wearable sensor network: http://sco.lt/96ftkP

- gyms now leverage wearables: http://sco.lt/68ynsv 

- wearables to keep us fit: http://sco.lt/58eRBx 

- fitbit for multiple sclerosis: http://sco.lt/8SsH5t

- wireless smart headphones: http://sco.lt/5NXCdt 

- ingestible sensors: http://sco.lt/83A1JZ 

- apple watch sensors (2013): http://sco.lt/8KKBWb 

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Strava 170M rides&runs #Heatmap shows most popular #bike & #run trails of 2015 with #BigData #GPS #crowdsourcing

Strava 170M rides&runs #Heatmap shows most popular #bike & #run trails of 2015 with #BigData #GPS #crowdsourcing | WHY IT MATTERS: Digital Transformation | Scoop.it
100 million rides and runs, 220 billion data points visualizing the best roads and trails worldwide.
Farid Mheirs insight:

WHY THIS IS IMPORTANT

Big brother is watching and when it does you can gain tremendous insights into the behaviour of humans. I zoomed in on Montreal and the diagram is very clear about which run trails are most popular on the Mount Royal. On the dark side, of course, this means Strava performs some high level surveillance on us as we share our bike and run rides with their software.

Eric Hunter's curator insight, March 27, 2017 11:43 AM
Taking this beyond just being really cool, into value creating is the next challenge. Great #dataviz work!
 
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#Wearables Aren't Dead, They're Just Shifting Focus as the Market Grows 16.9% in 4Q2016 via @IDC 

#Wearables Aren't Dead, They're Just Shifting Focus as the Market Grows 16.9% in 4Q2016 via @IDC  | WHY IT MATTERS: Digital Transformation | Scoop.it

The worldwide wearables market reached a new all-time high as shipments reached 33.9 million units in the fourth quarter of 2016 (4Q16), growing 16.9% year over year. Shipments for the entire year grew 25% as new vendors entered the market and previous champions refreshed their product lineups. The year came to a close with 102.4 million devices shipped.

Farid Mheirs insight:

WHY THIS IS IMPORTANT
Wearablesbubble has burst in recent months, when the hype of Apple watch has died down. But this technology remains important but still looking for the killer app, better battery life and lower price point. Expect this to reappear within a few year with, possible a low cost device with lots of sensors and a battery life of many days.

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US Homeland Security is scanning visitors #socialMedia accounts for signs of wrongdoing 

US Homeland Security is scanning visitors #socialMedia accounts for signs of wrongdoing  | WHY IT MATTERS: Digital Transformation | Scoop.it

The US Department of Homeland Security used software to scan social media accounts of people visiting America, but it didn't work properly.

Under President Obama, the government considered asking people to voluntarily submit social media profiles, but since the election of President Trump the scheme may become mandatory and more invasive.

The new boss of the US Department of Homeland Security, John Kelly, has said that such checks should be mandatory and travelers should also be forced to provide passwords and banking records. This may take weeks or months, he said, but people will just have to wait before visiting this shining city on the hill.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

Besides the obvious invasion fo privacy, this may actually hint at what the future may look like with the miniaturization of cell phones, the presence of heads-up displays and augmented reality. When meeting someone, or simply crossing someone on the street, face recognition and other tools may search the web to provide insights about people we cross and stand in line at the checkout counter. 

The impact of such constant surveillance may increase an already high fear of others or increase the impact of wrongful information about ourselves that may reside online.

Even more reasons to protect your digital twin and ensure your digital footprint is minimal.

Follow these links for more.

- know your digital twin: fmcs.digital/blog/digital-twin

- 10 actions to take to protect your digital twin: fmcs.digital/blog/digital-moi-get-started-10-actions 

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Twitter can tell which states love jogging & which are eating hot dogs 

Twitter can tell which states love jogging & which are eating hot dogs  | WHY IT MATTERS: Digital Transformation | Scoop.it

With the explosive growth of online activity and social media around the world, the massive amount of real-time data created directly by populations of interest has become an increasingly attractive and fruitful source for analysis. Despite the limitation that social media users in the United States are not a random sample of the US population [7], there is a wealth of information in these data sets and uneven sampling can often be accommodated.

Indeed, online activity is now considered by many to be a promising data source for detecting health conditions [8, 9] and gathering public health information [10, 11], and within the last decade, researchers have constructed a range of public-health instruments with varying degrees of success.

Fine-tuning these algorithms is key to improving large-scale analysis of social media, whether the goal is to measure the caloric content of a tweet or to find the next developing news story. These technologies represent new ways of finding and understanding the conversations we're having as a country -- chatter that is increasingly moving online.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

More insights on wellness and fitness from social media and big data. Here what is important to note is how we can extract knowledge from information that people share on social media. With more and more wearable devices and internet connected devices like refrigerators, cooktops, and water bottles, it is clear that more and more insight will be gathered from our digital exhaust.

 

More insights:

- more on the digital twin and digital exhaust: fmcs.digital/blog/digital-twin 

- the website with all the data: panometer.org/instruments/lexicocalorimeter 

- twitter can also help predict happiness: hedonometer.org/index.html 

- the research paper: arxiv.org/pdf/1507.05098.pdf 

- lapresse+ article (in french): plus.lapresse.ca/screens/d09ef280-9b06-4fe5-935c-4155336ef100%7C_0.html 

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Fitbit Activity Index & Fitbit Science are examples of #wearables #BigData insights 

Fitbit Activity  Index & Fitbit Science are examples of #wearables #BigData insights  | WHY IT MATTERS: Digital Transformation | Scoop.it

Explore the fitness and workout trends of Fitbit users, and get exercise advice from the experts in this comprehensive, interactive infographic. At Fitbit, we geek out about workouts. Feast your fitness-loving eyes on the first ever Fitbit Health & Activity Index that identifies some of the most popular activities, shifts in workout trends, and ways to stay motivated.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

Wearing a device such as a fitbit does something way bigger than providing you with insights: it provides a HUGE trove of data to be mined for trends and insights. I wrote about the jawbone big data analysis in the past, but recently found that fitbit has started to provide a similar service, analyzing data its millions of devices capture every day.

 

More insights:

www.fitbit.com/fitscience

fmcs.digital/?s=jawbone 

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Public Perceptions of Privacy and Security in the Post-Snowden Era is Low says Report from @pewresearch 

Public Perceptions of  Privacy and Security in the Post-Snowden Era is Low says Report from @pewresearch  | WHY IT MATTERS: Digital Transformation | Scoop.it

The majority of adults in a new survey by the Pew Research Center feel that their privacy is being challenged along such core dimensions as the security of their personal information and their ability to retain confidentiality.

When Americans are asked what comes to mind when they hear the word “privacy,” there are patterns to their answers. When responses are grouped into themes, the largest block of answers ties to concepts of security, safety, and protection. For many others, notions of secrecy and keeping things “hidden” are top of mind when thinking about privacy.

Farid Mheirs insight:

WHY THIS IS IMPORTANT

As I wrote recently in the "Pyramid of Digital Needs" (fmcs.digital/blog/pyramid-of-digital-needs/), security is one of the most basic needs. When we don't feel secure and private then it is difficult to enjoy the benefits of social networks and all the other tools that digital now provides. It is essential that corporations address security and privacy in a meaningful way in order for their clients, employees and partners to use their new digital tools and embrace the digital transformation that most enterprises have recently embarked on.

 

Also worth reading from Pew Research:

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The Internet Health Report: @mozilla 

The Internet Health Report: @mozilla  | WHY IT MATTERS: Digital Transformation | Scoop.it

Mozilla’s new open source initiative to document and explain what’s happening to the health of the Internet. Combining research from multiple sources, we collect data on five key topics and offer a brief overview of each.

Farid Mheirs insight:

Mozilla has always been promoting Internet security and privacy and this new report paves the way for a very interesting ongoing look at key elements of the public Internet.

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Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware 

Pyramid of Digital Needs may explain why you are scared of Facebook @fmheir #PrivacyAware  | WHY IT MATTERS: Digital Transformation | Scoop.it

This post explores the pyramid of digital needs. Based on personal experience and observations, I describe what this hierarchy may be composed of, map technologies that support them, and offer an initial analysis of the impact on individuals and businesses.

Farid Mheirs insight:

This is a new concept that I have been thinking about for a few year and that may help explain why some persons are not ready to have a Facebook account or share on social networks.

Sheena EDu's curator insight, June 13, 2017 2:39 AM

Various digital technology used are categorized.

AndyDrooker's curator insight, September 20, 2017 3:11 PM
Very insightful!
Ian Harris's curator insight, September 26, 2017 6:41 PM

An interesting way of thinking about digital!

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10 urgent actions to take #today to remain in control of your digital life @fmheir #PrivacyAware 

10 urgent actions to take #today to remain in control of your digital life @fmheir #PrivacyAware  | WHY IT MATTERS: Digital Transformation | Scoop.it

In this post I share 10 urgent actions that must be taken immediately to manage, secure and protect your digital-moi.

Digital-moi is a unique concept that I have developed since 2013, centered on the impact that digital technologies have on our lives and the need to protect our digital self. Read more about it in this introduction post “We all have a digital twin“. This post is a complement to the conference “digital-moi.com: how to manage and protect your digital self“.

Farid Mheirs insight:

This is Data Privacy Weekend and I recommend you take time this Sunday morning to read through the actions in this blog post and put at least once in practice right now - my recommendation is #4

Curated by Farid Mheir
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