WHY IT MATTERS: Digital Transformation
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The dos and don’ts of #dynamicPricing in #retail via @McKinsey

The dos and don’ts of #dynamicPricing in #retail via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Dynamic pricing isn’t just for travel companies or e-commerce giants, and it doesn’t necessarily require ultrasophisticated software that changes every product’s price multiple times a day.

Farid Mheir's insight:

WHY IT MATTERS: very interesting DOs and DONTs about dynamic pricing. I see few retailers yet doing this at scale but with the growth of eCommerce one can expect this to become table stakes in few years. The operational requirements may be daunting if not done properly, so beware. A few good links in there but especially this one: https://www.mckinsey.com/industries/retail/our-insights/how-retailers-can-drive-profitable-growth-through-dynamic-pricing

pastillasfarmacia's curator insight, December 21, 2022 4:50 AM

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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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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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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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#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead

#digital is 50 years old: so what is next in #eCommerce and other areas? 134 fact-based data-full slides from @benedictevans provide insights into what the future may hold #mustRead | WHY IT MATTERS: Digital Transformation | Scoop.it

Covid brought shock and a lot of broken habits to tech, but mostly, it accelerates everything that was already changing. 20 trillion dollars of retail, brands, TV and advertising is being overturned, and software is remaking everything from cars to pharma. Meanwhile, China has more smartphone users than Europe and the USA combined, and India is close behind - technology and innovation will be much more widely spread. For that and lots of other reason, tech is becoming a regulated industry, but if we step over the slogans, what does that actually mean? Tech is entering its second 50 years.

Farid Mheir's insight:

WHY IT MATTERS: a great new overview of the digital transformation (my words), with fact-based data-full slides. I especially like everything about eCommerce in there which will become reference for me in coming months. I extracted just one striking illustration of the wide variation of eCommerce penetration depending on industry. This chart highlights how different the digital transformation strategies must be in the toys&games industry vs the grocery industry. Love it. Many more in the full presentation.

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Marketing Technology Landscape reviews 8000 different technologies - no wonder everyone is #lost and #confused #Martech

Marketing Technology Landscape reviews 8000 different technologies - no wonder everyone is #lost and #confused #Martech | WHY IT MATTERS: Digital Transformation | Scoop.it

Welcome to the 2020 edition of the marketing technology landscape. Yes, it grew once again, by 13.6%, up to a total of 8,000 martech solutions. That's after 615 from the 2019 landscape went away, either consolidated with another martech company or simply gone defunct. If you were predicting consolidation, an 8.7% churn rate from one year to the next is pretty significant attrition to support that narrative.

Farid Mheir's insight:

WHY IT MATTERS: this list keeps growing and changing every year. No wonder marketing people are lost and confused, don't know where to look, what to choose. And this post predicts the trend is not about to change any time soon...

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Gartner Magic Quadrant for Access Management describes the importance of continuous adaptive risk and trust assessment (CARTA) but highlight cost-reduction as primary goal of IT to move to SaaS sol...

Gartner Magic Quadrant for Access Management describes the importance of continuous adaptive risk and trust assessment (CARTA) but highlight cost-reduction as primary goal of IT to move to SaaS sol... | WHY IT MATTERS: Digital Transformation | Scoop.it

As remote work increases access management tool adoption, and security controls shift to identity, the ability to secure access with AM strategies aligned with continuous adaptive risk and trust assessment is paramount. Cost optimization for IT spending (e.g., AM) will also increase during 2021.

Farid Mheir's insight:

WHY IT MATTERS: as with most quadrants, the most interesting elements lie in the market definition and overview sections, not in the quadrant or ratings themselves. Notable in this quadrant is the fact that Amazon AWS, Salesforce and Google solutions have been excluded, as I assume they would be in top quadrant.

Interestingly, companies continue their move to SaaS solutions (no surprise) and focus on cost-reduction instead of customer satisfaction (weird, no?).

Michael Mendez's curator insight, November 23, 2020 3:53 PM

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50 Top Digital Influencers to Follow in 2021 is #technology-focused and helps define #digitalTransformation

This list is covering major Topics around the global economic and technical Digital Transformation, such as: Digital Marketing/SEO, Social Media Marketing, Artificial Intelligence, Machine Learning, Deep Learning, Ethics, IoT (Internet of Things)IIoT (Industrial Internet of Things), AlgorithmsNeural NetworksAutonomous VehiclesDigital HealthCloudSmart CitiesAutomationRoboticsRobots/Bots/ChatbotsFuture of WorkData ScienceBig DataAnalyticsFintech, Insurtech, DevOps, Edtech, Cyber Security…

The ranking here is in fact not important, the important things are the ideas, knowledge, and insights shared by the experts and influencers there.

Farid Mheir's insight:

WHY IT MATTERS: this is important for 2 reason:

1- it gives you a starting point to your daily (weekly) reading routine

2- it helps define digital transformation with the choice of technologies to track. I know, there are many. Thus DT complexity.

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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 Mheir's 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.

alishbachohan4@gmail.com's comment, October 19, 2020 1:39 AM
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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 Mheir's 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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Gartner Magic Quadrant for the CRM Customer Engagement Center highlights the importance of #customerService in a #customer-centric #omnichannel #journey

Gartner Magic Quadrant for the CRM Customer Engagement Center highlights the importance of #customerService in a #customer-centric #omnichannel #journey | WHY IT MATTERS: Digital Transformation | Scoop.it

The current reshaping of the customer engagement center (CEC) market is characteristic of the consolidation of the customer service technology market. Customer service and support organizations must deliver consistent, effortless, intelligent and personalized customer service to their customers. The ability to orchestrate customer requests with assisted service, as well as with self-service, is one of the four pillars of great customer service within a leading customer service and support operation.

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WHY IT MATTERS: as with all quadrant, take the ranking with grain of salt, do your own research but leverage Gartner market analysis to guide your thinking.

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2020 Gartner Magic Quadrant for CRM Customer Engagement Center

2020 Gartner Magic Quadrant for CRM Customer Engagement Center | WHY IT MATTERS: Digital Transformation | Scoop.it

Complimentary copy of the latest Gartner Magic Quadrant for CRM Customer Engagement Center (CEC) and find out why Freshworks is the only company recognized as a Visionary.

Farid Mheir's insight:

WHY IT MATTERS: I love the quadrants, not so much for the ranking (often biased) but for the analysis. Jump to the end of the report to understand just how far we've come from phone based call centers to todays self-service and AI enabled mobile solutions.

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Travel 2040 provides a futuristic (idealized?) vision of the future of #travel where #Climate Emergency Force a Revolution in the #travel Industry via @Euromonitor

Travel 2040 provides a futuristic (idealized?) vision of the future of #travel where #Climate Emergency Force a Revolution in the #travel Industry via @Euromonitor | WHY IT MATTERS: Digital Transformation | Scoop.it

The future travel experience will be personalised, delivering seamless and safe services that are high value, low touch and consumer-centric, thanks to an accelerated digital transformation post-pandemic. These new advances in technology will usher in a new era of automation, requiring upskilling for employees to provide greater levels of high-quality service. Tracking climate impact across consumers, brands and destinations will be critical for building resilience, agility and speed to combat future risks and accelerate the green transition.
This white paper outlines a vision for how consumers will book and experience travel in 2040, exploring how technology and the need for sustainability could change the travel experience over the next 20 years. In particular, this analysis will focus on the future of travel — exploring what online travel agents, urban mobility, air travel and hotels will look like.

Farid Mheir's insight:

WHY IT MATTERS: short white paper on what travel *may* look like in 20 years. I think it is idealistic and far fetched but there are elements in there that feel very probable (ie. renting clothes instead of packing your own, robots that carry your luggage, AR-VR to help with travel planning). Not saying if this future is good or bad, but will certainly be very digital. Thoughts?

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Forrester Report on Journey Orchestration Platforms highlights a number of solutions to track analytics across channels - very proud to see Quebec-based @Coveo be named in the list - via @Pointillist

Forrester Report on Journey Orchestration Platforms highlights a number of solutions to track analytics across channels - very proud to see Quebec-based @Coveo be named in the list - via @Pointillist | WHY IT MATTERS: Digital Transformation | Scoop.it

Integration, Speed To Insights, And Real-Time Decisioning Matter Most For Orchestration

Vendors that take a technology-agnostic approach to integration can deliver insights at speed across all permutations of journeys. They also have a proven track record in real-time decisioning across a wide variety of systems and can help companies drive business results and CX differentiation.

Farid Mheir's insight:

WHY IT MATTERS: customer centric and omnichannel approaches are essential in today's retail & ecommerce. Tools have started to appear that help track path through the journey and provide consolidated metrics. This list is a great starting point and I am happy to see Quebec-based Coveo be part of the list this yer.

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News by the ton: 75 years of US advertising —

News by the ton: 75 years of US advertising — | WHY IT MATTERS: Digital Transformation | Scoop.it

There are two ways you can talk about newspapers. You can talk about the ‘fourth estate’, and newspapers’ role in culture, politics, governance, the exchange of ideas and civil society. But you can also talk about newspapers as a specialised light manufacturing industry, that aggregated attention to sell advertising. There’s a common line about Google and Facebook that ‘if you’re not paying, you’re the product’, but this is pretty much what newspapers did: if you read old accounts for, say the New York Times Company, you can see that they were giving the product away at close to cost and making the money from selling your attention.

Farid Mheir's insight:

WHY IT MATTERS: this is an outstanding compilation of charts and data about newspaper industry and the US advertising business. 

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WHY IT MATTERS: 360 pages of reference material for any strategic planning exercice.

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"takeout is the new dine-in": The 100% Off-Premise Restaurant Technology Stack shows how immature the technology is and the need for a "Shopify for restaurants" via @HNGRY

"takeout is the new dine-in": The 100% Off-Premise Restaurant Technology Stack shows how immature the technology is and the need for a "Shopify for restaurants" via @HNGRY | WHY IT MATTERS: Digital Transformation | Scoop.it

If this all seems like it’s cobbled together, that’s because it is. I’m currently going through the process of setting this stack up for my local deli and I can attest to how frustratingly high-touch and difficult it is. But if the dine-in experience means filling four tops with mannequins and separating diners with plexi glass and shower curtains, restaurants better start preparing for a world where takeout is the new dine in no matter how steep the learning curve.

Farid Mheir's insight:

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#mandatoryReading: Technology Radar from @ThoughtWorks highlights #dataMesh and many other #technologyTrends

#mandatoryReading: Technology Radar from @ThoughtWorks highlights #dataMesh and many other #technologyTrends | WHY IT MATTERS: Digital Transformation | Scoop.it

The Technology Radar is an opinionated guide to technology frontiers. Read the latest here.

Farid Mheir's insight:

WHY IT MATTERS: this is by far the best radar out there as it is unbiaised and comes from a group dedicated to lead in the custom software development. Should be mandatory reading for any technologist as you may learn a thing or two (me: I had no idea what data mesh was before reading it. Now sur glad I do.)

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the impact of #covid #coronavirus on #eCommerce: Top 100 Fastest Growing & Declining Categories in E-commerce #noSurprise via @umlaut21 @ChristianDion

the impact of #covid #coronavirus on #eCommerce: Top 100 Fastest Growing & Declining Categories in E-commerce #noSurprise via @umlaut21 @ChristianDion | WHY IT MATTERS: Digital Transformation | Scoop.it

A recap of the Top 100 fastest growing & declining categories in March 2020 vs. March 2019

Farid Mheir's insight:

WHY IT MATTERS: eCommerce is one of the big winner of the c19 crisis. Data is starting to pour in...

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2020 SaaS Trends reviews 10 years of cloud solutions and paints a portrait of the software-as-a-service landscape in businesses large & small via @blissfully

2020 SaaS Trends reviews 10 years of cloud solutions and paints a portrait of the software-as-a-service landscape in businesses large & small via @blissfully | WHY IT MATTERS: Digital Transformation | Scoop.it

Every year at Blissfully we do a deep dive into SaaS spend and adoption trends. In 2020, we analyzed 10 years of data from over 1,000 companies.

Farid Mheir's insight:

WHY IT MATTERS:  Blissfully is in a unique position to analyze the usage trends of SaaS solution as their tool performs the inventory in automated fashion. The report provides a trove of valuable insights.

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everyone is connected (4bn people have a smartphone); the Next Big Thing is about Tech becoming a regulated industry, but we don’t really know what that will mean via @benedictevans

everyone is connected (4bn people have a smartphone); the Next Big Thing is about Tech becoming a regulated industry, but we don’t really know what that will mean via @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

Presentations by Benedict Evans: Standing on the Shoulders of Giants, The End of the Beginning and Mobile is Eating the world.

‘Standing on the shoulders of giants’ looks at what it means that 4bn people have a smartphone; we connected everyone, and now we wonder what the Next Big Thing is, but meanwhile, connecting everyone means we connected all the problems. Tech is becoming a regulated industry, but we don’t really know what that will

Farid Mheir's insight:

WHY IT MATTERS:  a great review of the state of eCommerce and Internet but with a different twist: the fact that because everyone is connected means that the next big thing will be regulating the tech solutions we use everyday. What does this mean for business digital transformation? Get ready for more constraints, the Far West may be over...

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This "Internet" thing may have a future after all... ;-) Have a look at the data behind the adoption of #Internet tools and technologies in the last 20 years and extrapolate what #AI #IOT #AR #VR w...

This "Internet" thing may have a future after all... ;-) Have a look at the data behind the adoption of #Internet tools and technologies in the last 20 years and extrapolate what #AI #IOT #AR #VR w... | WHY IT MATTERS: Digital Transformation | Scoop.it

The internet has changed the way we work, interact and learn with others across the world. How many people in the world are online, and how has this changed over time? Explore global and country-level data on internet access and technology.

Farid Mheir's insight:

WHY IT MATTERS: we take it for granted because 90% of the population in Canada has access to the Internet. This summary of facts about Internet adoption should make us all realize that: 1) the growth has been very fast 2) not everyone in the world has the same chance 3) newer technologies based on Artificial Intelligence, Internet of Things and soon AR/VR will leverage this infrastructure to deliver even more transformation

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CDP Marketplace Trends Webinar from @RSG provides much needed update on this new very immature technology and states the obvious: if you have a use case then go ahead, otherwise wait #digitalTransf...

CDP Marketplace Trends Webinar from @RSG provides much needed update on this new very immature technology and states the obvious: if you have a use case then go ahead, otherwise wait #digitalTransf... | WHY IT MATTERS: Digital Transformation | Scoop.it

The MarTech marketplaces that RSG covers continue to evolve rapidly and have become more complex (with more overlaps!) this year. The Customer Data Platform (CDP) market is no different - with new vendors, more investment, emerging niches, and evolving use cases.

Farid Mheir's insight:

WHY IT MATTERS: always great insights by RSG, this one is same. The net net: CDP is a great but immature technology with too many use cases and no solution that delivers on all of them. If you have a use case that mandates a CDP, go ahead and pick the best of breed solution that suits your needs. Otherwise, wait. So true.

Listening to the webinar I could not help and wonder: who in an organization should be leading a CDP implementation? The use case scream marketing but the technology requires IT skills and expertise. When will the role of marketingTechnologist finally become a reality?...

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Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans

Open Source: From Community to Commercialization -= why giving away your software code is BIG business and good for the community via @a16z @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

We are in the midst of an open source renaissance. But how do you turn an open source project into a business? a16z's Peter Levine and Jennifer Li cover the complete go-to-market from community management to enterprise sales.

Farid Mheir's insight:

WHY IT MATTERS: as a software engineer in the 1980s, open source was considered a research project. Now it has become real business and this post details why and how you should go about building a real company with your software code open sourced. With ML/AI growing, the value lies more in the data than the code, so the open source may still have some growth ahead.

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Gartner Report on #Security Organization Dynamics shows how complex it has become to make companies secure - which begs the question "who's RESPONSIBLE when a security breach occurs?" @Gartner

Gartner Report on #Security Organization Dynamics shows how complex it has become to make companies secure - which begs the question "who's RESPONSIBLE when a security breach occurs?" @Gartner | WHY IT MATTERS: Digital Transformation | Scoop.it

The growing cyber skills shortage drives security organizations to look for ways to mitigate the pain and danger that short-staffed security teams can experience. In its report, Security Organization Dynamics, Gartner outlines this ongoing challenge and notes how, “Persistent security skills shortages have forced security leaders to explore new ways of obtaining and managing security capabilities.”

Gartner points out that hiring may not be the only option for filling the gap, cautioning that, “Few, if any, enterprises can afford to perform all security functions in-house. Consider selective outsourcing of functions, especially those that are operationalized or ad hoc.”

Farid Mheir's insight:

WHY IT MATTERS: security, especially digital security and privacy, have become a central theme of digital transformation plans. Here Gartner surveys 300+ organizations to show different organizational structures for large, medium and small businesses.

My conclusion: there are too many people in charge of security, the governance is too complex and it is not clear who is RESPONSIBLE when a breach occurs...

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