WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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EHI Retail Institute Top #Omnichannel Shops in Germany shows that there is much room to improve for both large and small  #Retail #ecommerce

EHI Retail Institute Top #Omnichannel Shops in Germany shows that there is much room to improve for both large and small  #Retail #ecommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Aperçu des boutiques cross et omnicanal parmi les 1 000 boutiques en ligne les plus vendues en Allemagne avec au moins 10 emplacements fixes.

Farid Mheir's insight:

WHY IT MATTERS: this german institute reports on omni-channel support in retail which visually shows that few retailers embrace omni-channel fully at this time. Would be interesting to see the same elsewhere to compare.

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Top 100 #DigitalTransformation Influencers shows focus remains on #Technology #Innovation #Data #Marketing via @stratorob #AI #Robotics #RPA #IoT #BigData #DataScience #DataAnalytics

Top 100 #DigitalTransformation Influencers shows focus remains on #Technology #Innovation #Data #Marketing via @stratorob #AI #Robotics #RPA #IoT #BigData #DataScience #DataAnalytics | WHY IT MATTERS: Digital Transformation | Scoop.it

An overview of influencer that inspire me daily when reading the newest trends on digital transformation. Feel free to add your favorite influencer on this list. I personally have no influence on the ranking - a neutral algorithm calculates who has the most impact online. So all fame and blame belongs to the algorithm.

Farid Mheir's insight:

WHY IT MATTERS: the list provides a great starting point to get a shot of digital transformation leadership. The focus being mostly on technology, you should look elsewhere for impact on society, work, and life that digital transformation brings.

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Sizing the potential value of AI and advanced analytics shows that Retail industry has the most to gain

Sizing the potential value of AI and advanced analytics shows that Retail industry has the most to gain | WHY IT MATTERS: Digital Transformation | Scoop.it

An analysis of more than 400 use cases across 19 industries and nine business functions highlights the broad use and significant economic potential of advanced AI techniques.

Farid Mheir's insight:

WHY IT MATTERS: many retailers say "AI is not for us, all we have to do is offer great customer service in store and all will be good". This study shows that the impact of AI and analytics will be material for those that adopt it. And may mark the beginning of the end for those that do not embrace this digital transformation.

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The biggest challenge in #eCommerce today is delivery cost and timing: Amazon is in a great position to solve this one as are grocery retailers via @statista

The biggest challenge in #eCommerce today is delivery cost and timing: Amazon is in a great position to solve this one as are grocery retailers via @statista | WHY IT MATTERS: Digital Transformation | Scoop.it

Amazon spent $21.7 billion on shipping in 2017.

Farid Mheir's insight:

WHY IT MATTERS: Amazon spends 14.2% of its net sales to fulfill orders and 12.2% to deliver them to consumers. Thus a quarter of the costs of products sold is allocated to logistical costs and this is the biggest hurdle to eCommerce wide adoption. Amazon and other pure plays have a number of key advantages over established brick-n-mortar retailers (no retail store costs, no store employees, etc.) but they have to battle with order preparation and delivery which traditional retailers delegate to their customers as they push their carts in the store aisle. In that context, recent announcement of Sobeys to leverage Ocado's automated warehouse technology or recent Amazon announcement to create a parcel delivery solution that competes with FedEx and UPS makes sense. Any retailer thinking of scaling its eCommerce operation should thus make sure that its business model is viable regarding fulfillment and shipping - all other elements of eCommerce are not an issue.

- Amazon SWA service: http://fmcs.digital/blog/amazon-package-delivery-service-to-compete-with-fedex-and-ups-swa-ecommerce-disruption-retailapocalypse/ 

- Sobeys Ocado partnership: http://fmcs.digital/blog/u-k-s-ocado-taps-into-canadas-online-grocery-market-with-sobeys-tie-up-is-canada-mature-enough-to-have-automated-grocery-fulfillment-centers-ecommerce-robots/ 

- Ocado's technology: http://fmcs.digital/blog/video-shows-ocado-warehouse-technology-that-sobeys-has-acquired-to-prepare-grocery-orders-is-based-on-an-army-of-small-robots-working-on-3d-hive/ 

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Analysis 15,000 #startups funding shows 1 in 6 Gets Acquired - all other die via @Crunchbase

Analysis 15,000 #startups funding shows 1 in 6 Gets Acquired - all other die via @Crunchbase | WHY IT MATTERS: Digital Transformation | Scoop.it
Let’s say you randomly selected 1000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only
Farid Mheir's insight:

WHY THIS IS IMPORTANT

We say one company in a thousand makes it. This study provides hard facts that the numbers are more like 16%.

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3 Million #Instacart Orders, Open Sourced

3 Million #Instacart Orders, Open Sourced | WHY IT MATTERS: Digital Transformation | Scoop.it

Instacart is excited to announce our first public dataset release, “The Instacart Online Grocery Shopping Dataset 2017”. This anonymized dataset contains a sample of over 3 million grocery orders from more than 200,000 Instacart users.

For each user, we provide between 4 and 100 of their orders, with the sequence of products purchased in each order. We also provide the week and hour of day the order was placed, and a relative measure of time between orders.

 

Farid Mheir's insight:

WHY THIS IS IMPORTANT

In today's eCommerce world, winners do not limit themselves to building great catalogs and payment processing experience. They actively analyze data to understand customer behaviour, to provide them with exceptional information to speed-up their shopping experience, but also maybe make them buy more or more expensive products. This is a great example of such a data analysis by grocery shopping leader instacart. It provides amazing insights into grocery shopping but also has open sourced the data for others to benefit.

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More reasons to enable #2FA 2 factor authentication, never reuse #password & register to @HaveIbeenPwned

More reasons to enable #2FA 2 factor authentication, never reuse #password & register to @HaveIbeenPwned | WHY IT MATTERS: Digital Transformation | Scoop.it
The short version: I'm loading over 1 billion breached accounts into HIBP. These are from 2 different "combo lists", collections of email addresses and passwords from all sorts of different locations. I've verified their accuracy (including my own record in one of them) and many hundreds of millions of the
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Pretty much your whole life is online and digitize today. Your only protection from crooks is strong passwords that you never reuse. This article provides in depth discussion on the millions of passwords that are being sold for few dollars on the dark web. It should help you understand why this is important and what to do to be more secure.

argonapproach's comment, May 8, 2017 6:09 AM
good
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#analytics: Competing in a data-driven world difficult because of lack of talent & data silos via @McKinsey 

#analytics: Competing in a data-driven world difficult because of lack of talent & data silos via @McKinsey  | WHY IT MATTERS: Digital Transformation | Scoop.it
Big data’s potential just keeps growing. Taking full advantage means companies must incorporate analytics into their strategic vision and use it to make better, faster decisions.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

To unlock up to 50% of value in data analytics in major industries, businesses must invest in talent and break down data silos. HUGE job IMHO...

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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 Mheir's 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 Mheir's 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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Identity theft in top10 of American #fears via @qz

Identity theft in top10 of American #fears via @qz | WHY IT MATTERS: Digital Transformation | Scoop.it

Chapman University has conducted a Survey of American Fears for more than three years. It asks 1,500 adults what they fear most. It organizes the fears into categories that include personal fears, conspiracy theories, terrorism, natural disasters, paranormal fears, and more recently, fear of Muslims.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Expect to hear more about security threats and fears in the coming years. In the digital world, I suggest that there is a "hierarchy of digital needs" (see the pyramid of digital needs fmcs.digital/blog/pyramid-of-digital-needs/) and that if we do not feel secure in the digital world, we will not be able to leverage the different tools and solutions available to us. In fact, the research shows that our fears are exacerbated when we are not in control, which is the case for most people as they do not fully understand digital technologies (layer 1 in the pyramid) and do not feel secure (layer 2).

 

"...many things affect how we perceive risk:

  • do you trust the person you are dealing with
  • control vs. lack of control (lack of control inflates risk perceptions)
  • is it catastrophic or chronic (catastrophic inflates risk perceptions)
  • does it incite dread or anger (dread inflates risk perceptions)
  • uncertainty (lack of knowledge about something inflates risk perceptions)

“Most people do not distinguish well between a one-in-a-thousand risk and a one-in-a-million risk,” said Mark Egan, an associate advisor at the Behavioral Insights Group in London.

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Automation will replace jobs mostly in China and India according to @McKinsey

Automation will replace jobs mostly in China and India according to @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
Automation is happening, and it will bring substantial benefits to businesses and economies worldwide, but it won’t arrive overnight. A new McKinsey Global Institute report finds realizing automation’s full potential requires people and technology to work hand in hand.
Farid Mheir's insight:

Very useful stats and data.

CAYOL's curator insight, January 21, 2017 3:21 PM

Very useful stats and data.

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The Highest Paying Jobs in America Based On LinkedIn Salary Data

The Highest Paying Jobs in America Based On LinkedIn Salary Data | WHY IT MATTERS: Digital Transformation | Scoop.it

The diagnosis is in: healthcare careers top the list of jobs with the highest base salary in the U.S., according to LinkedIn Salary.

Farid Mheir's insight:

It is good to be a medical professional in the US!

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2016 pre- #Thanksgiving #retail survey shows #omnichannel #webrooming #showrooming always must-haves v @Deloitte

2016 pre- #Thanksgiving #retail survey shows #omnichannel #webrooming #showrooming always must-haves v @Deloitte | WHY IT MATTERS: Digital Transformation | Scoop.it

Explore consumer attitudes and trends about Black Friday retail this year in our latest report. Our pre-Thanksgiving survey polled more than 1,200 consumers across the United States to get a pulse check on their shopping strategy for the long Thanksgiving weekend that includes Black Friday and Cyber Monday. This year 76 percent of holiday shoppers plan to shop over the long weekend, spending an average of $400—that is $31 more than last year.

Farid Mheir's insight:

Deloitte survey on Thanksgiving weekend forecast.

 

WHY THIS IS IMPORTANT

Always interesting to look at the forecast then compare with actual numbers. In the past, the pattern was clear: people move their holiday shopping online. What is also interesting is in the chart above about webrooming and showrooming: physical stores continue to play a big role and that is why omni-channel technologies are more important than never.

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Chart shows jobs most likely to be done by robots in the future & what to do about it

Chart shows jobs most likely to be done by robots in the future & what to do about it | WHY IT MATTERS: Digital Transformation | Scoop.it

Mckinsey ran a comprehensive study of nearly 800 different jobs in the United States, ranging from CEOs to fast food workers. Between these roles, they found 2,000 individual work activities, and assessed them against 18 different capabilities that could potentially be automated. In their analysis, they found that 45% of work activities representing $2 trillion in wages can already by automated based on proven technology that currently exists. A further 13% of work activities in the U.S. economy could be automated if the technologies used to understand and process human language were brought up to the median human level of competence.

Farid Mheir's insight:

An interactive chart that graphs 800 different jobs along with their automation potential - as estimated by McKinsey.

 

WHY THIS IS IMPORTANT

If you are in school or just out of school, this chart should be of particular interest. For all the others, this is essential must read tooling when preparing strategy and planning for the future of your business unit, organization - large or startup.

 

Jobs with highest potential for automation represent opportunities for cost reduction, process improvements to reduce lead times, or creation of the automated tools and software that will replace them. For example:

  • medical appliance technicians: 100% automation potential. If you are in this field your business plan should include major shift from human workers to robots. If employees are unionized, look at contract negotiation and employee retraining. If you build medical appliance, ensure your hard-software appliance includes the necessary components to make this automation simple and effective.
  • sewing machine operators: 100% automation potential, 143K workers in the US. Replacing human by robot sewing machine is efficient but will require capital expenditures: has it been forecasted in your budgets? If that throws your business model out of whack, you have to think like a startup and "pivot" your company to a different yet adjacent space such as custom apparel design and fabrication.

And 798 other sources of inspiration. 

Abel Linares's curator insight, July 30, 2016 1:08 PM
Potencial amortización #digital del #trabajo según Mckinsey.
Gráfico interactivo que analizar 800 trabajos diferentes.

Concluye que con la tecnología actual el 45% del trabajo se puede automatizar, un 13% adicional cuando las máquinas entiendan el lenguaje humano a un nivel de ciudadano medio.

 Las previsiones son instalar 1.3 millones de robots entre 2015 y 2018
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The Internet of Everything: a review of trends, stats and forecast on #IoT

The Internet of Everything: a review of trends, stats and forecast on #IoT | WHY IT MATTERS: Digital Transformation | Scoop.it

BI Intelligence analyses how the growth of internet-connected devices, particularly the Internet of Things, will revolutionize our lives. 

The Internet of Everything

By 2020, more than 34 billion internet-connected devices will be installed globally — that's more than 4 devices for every human on earth.

BI Intelligence has developed a slide deck analyzing the growth of internet-connected devices — particularly the Internet of Things (IoT).

Farid Mheir's insight:

A 60 slide powerpoint presentation on Internet of Things, its current and future usage and penetration, possible uses, etc.

 

WHY THIS IS IMPORTANT

IoT is a major trend which should impact all businesses in the near future. This is a well researched document that provides very useful charts for anyone putting together strategic plans and roadmaps. It covers a wide variety of industries and applications, which shows how wide and deep the IoT revolution could be. Must read.

Abel Linares's curator insight, April 6, 2020 7:33 AM

BI Intelligence analyses how the growth of internet-connected devices, particularly the Internet of Things, will revolutionize our lives. The Internet of Everything By 2020, more than 34 billion internet-
connected devices will be installed
globally — that's more than 4 devices for every human on ...
#IoT #DigitalTransformation #Technology #Trends #Investment #Industry4.0

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More people work on Internet publishing than in newspaper

More people work on Internet publishing than in newspaper | WHY IT MATTERS: Digital Transformation | Scoop.it
Few industries have been affected by the digital or information age as much as newspapers and other traditional publishing industries (books, magazines, etc.). In June 1990, there were nearly 458,000 people employed in the newspaper publishing industry; by March 2016, that figure had fallen to about 183,000, a decline of almost 60 percent. Over the same period, employment in Internet publishing and broadcasting rose from about 30,000 to nearly 198,000.
Farid Mheir's insight:

US bureau of labour statistics releases historical data that shows the decline of the newspaper industry in favour of the internet publishing.

 

WHY THIS IS IMPORTANT

Less dramatic than previous charts that show the digital cliff that newspaper advertisement business fell in recently, this chart highlights the decline of physical delivery of news in favour of the digital delivery. Right inline with a post I wrote regarding the Digital Cliff in various posts http://bit.ly/1g5adjK (in french), http://sco.lt/5nD06r , http://sco.lt/6gOeWn , http://sco.lt/5Hfzlp 

 

Moreover, the bureau of labour statistics presents a large number of data and charts to help document the digital transformation. See http://www.bls.gov/opub/ted/subject.htm 

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In 5 years, the average American will use 22GB of mobile data per month, report says

In 5 years, the average American will use 22GB of mobile data per month, report says | WHY IT MATTERS: Digital Transformation | Scoop.it
In 5 years, we'll be using a lot more mobile data than we do now.
Farid Mheir's insight:

Just one example of the huge rise in mobile phones. Given recent State of the Internet report that indicates Internet growth is slowing down, and that mobile phone sales have levelled off as well, this chart reminds us all that people are starting to use their phones in many different context. So even if growth stalls, the usage and data consumption will continue to grow for a while.

 

WHY THIS IS IMPORTANT

If you propose interesting uses for mobile phones, your clients and employees will use them. And they expect to use more and more in the future. So waht have you planned in your digital strategy to leverage, extend, grow the usage of mobile phones for clients and employees?

Curated by Farid Mheir
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