WHY IT MATTERS: Digital Transformation
215.0K views | +21 today
WHY IT MATTERS: Digital Transformation
Get weekly or monthly digest of all posts in your inbox: https://fmcs.digital/wim-subscribe
Curated by Farid Mheir
Your new post is loading...

Popular Tags for this blog

Current selected tag: 'Retail'. Clear
Scooped by Farid Mheir
Scoop.it!

Homes will be the next retail store & amazon 3D printing inside delivery trucks

Homes will be the next retail store & amazon 3D printing inside delivery trucks | WHY IT MATTERS: Digital Transformation | Scoop.it
“We are predicting that by 2020, it will cost .50 cents to internet enable a product,” Mr. LeHong said. This enables functionality such as a dryer alerting a homeowner that the laundry is done. Amazon has already created touch buttons for reordering products (Amazon Dash) and Mr. LeHong noted that some retailers believe that the connected home will be the next retail store.
Farid Mheir's insight:

Short on details, I still find the Gartner website full of useful insights and things to ponder.

Scooped by Farid Mheir
Scoop.it!

WalMart giant #ECommerce numbers no match for Amazon: 16% growth, 1.5B$ spend in 2015

WalMart giant #ECommerce numbers no match for Amazon: 16% growth, 1.5B$ spend in 2015 | WHY IT MATTERS: Digital Transformation | Scoop.it
Walmart reported anemic e-commerce sales growth, putting it at danger of falling further behind Amazon.
Farid Mheir's insight:

Despite spending 1.5B$ this year, Walmart sells only 13.2B$ online compared to Amazon 71.8B$. What is more troubling is that eCommerce growth is slowing down.


WHY THIS IS IMPORTANT

After years of denial, large retailers may not be able to transform fast enough to catch up with Amazon. The solution: create the disruption yourself to, at least, learn from your mistakes and be ready to fight when the time comes. 


So many stories, from the music industry to yellow pages, have demonstrated that when disruption happens, the industry changes so fast - what I call the digital cliff - that you won't have time to react. Looks like this is happening to Walmart even though they started in 2010 to create a "lab" and move lots of personnel and resources to the new team.


See also: http://www.scoop.it/t/digital-transformation-of-businesses?q=labs

No comment yet.
Scooped by Farid Mheir
Scoop.it!

The 2015 Instagram Industry Report

The 2015 Instagram Industry Report | WHY IT MATTERS: Digital Transformation | Scoop.it

Instagram has become a visual storytelling platform for marketers that offers both flexibility and function like we've never seen before. In our latest study, we analyzed how the world's top brands are using the network, revealing tactics that marketing organizations of any size, with any budget, can learn from.


Download the report to learn:

  • How top brands create visually compelling photos and videos to engage their audience
  • Which emojis and hashtags generate the most engagement
  • How to integrate Instagram marketing with your other channels


Farid Mheir's insight:

This report presents many cas studies of corporations that use instagram for business purpose. Very useful for those that have yet to make the leap or that have not yet found their instagram sweet spot.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Apple has highest sales per square foot of any U.S. retailer - again

Apple has highest sales per square foot of any U.S. retailer - again | WHY IT MATTERS: Digital Transformation | Scoop.it
Apple once again had the highest sales per square foot of any U.S. retailer in 2014, and the iPhone 6 helped pad its lead.
Farid Mheir's insight:

A review of top 10 retailers in sales per square foot. Apple tops the list.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Get More Sales with These 5 #Email Receipt Marketing Tactics via @Shopify

Get More Sales with These 5 #Email Receipt Marketing Tactics via @Shopify | WHY IT MATTERS: Digital Transformation | Scoop.it
Every time someone makes a purchase from your store, they get an email receipt.
It’s an amazing opportunity to connect with your customers—but it’s often overlooked as a marketing channel.  And chances are, you’re missing out on sales because of that.
In this post, we’ll take a look at how you can use email receipt templates as a part of your marketing strategy.
Farid Mheir's insight:

Great blog post. A bit disappointed that it is limited to marketing tactics that seem to benefit only the retailer. Why not suggest receipt content that would help the user? 


Things like emailing content derived from the products sold (a recipe if you bought food products), links to other "partner" or affiliated websites, reminders for next replenishment when buying staples and other consumables, etc.etc.


No comment yet.
Scooped by Farid Mheir
Scoop.it!

2015 Quebec #eCommerce index and 5 case studies of Quebec via @CEFRIO

2015 Quebec #eCommerce index and 5 case studies of Quebec via @CEFRIO | WHY IT MATTERS: Digital Transformation | Scoop.it

Malgré le fait qu'aujourd'hui tout se vend sur Internet, les entreprises québécoises tardent à adopter le commerce électronique et celles qui le font sont encore trop peu nombreuses pour desservir les marchés hors Québec. Le CEFRIO en collaboration avec l'Institut du Québec ont voulu avec ce projet d'enquête sensibiliser les entreprises d'ici à cet enjeu désormais incontournable qu'est le commerce électronique.

La première partie de ce rapport présente les résultats d'une enquête réalisée auprès de 1 200 entreprises du Québec (secteurs de la fabrication, du commerce de gros, du commerce de détail et des services). On y dresse le portrait du commerce électronique au Québec et on y propose des pistes d'action pour aider le Québec à évoluer dans ce domaine. La deuxième partie présente cinq études de cas d'entreprises québécoises qui intègrent le commerce électronique dans leurs pratiques d'affaires.

  1. Altitude-sports
  2. BonLook
  3. DeSerres
  4. La Vie en Rose
  5. Lozeau
Farid Mheir's insight:

(in french) 5 case studies of Quebec companies with a successful eCommerce solution. Part of the recent CEFRIO eCommerce study update.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Apple to simplify retail stores by demoting iPods to shelves, dropping iPad Smart Signs

Apple to simplify retail stores by demoting iPods to shelves, dropping iPad Smart Signs | WHY IT MATTERS: Digital Transformation | Scoop.it
Apple is preparing to make significant changes to its stores to simplify the experience by relocating iPod stock to accessory shelves and removing iPad-based Smart Signs, according to several Apple...
Farid Mheir's insight:

A review of the many changes Apple has been making in its stores. Reminder: Apple stores have the most sales per square feet of any store. Retailers of all should take note and apply Apple's lessons to their own stores: store are not warehouses but showrooms that display products and offer information, accessories and service. Order online for everything else.


No comment yet.
Scooped by Farid Mheir
Scoop.it!

#DigitalTransformation in the Consumer Packaged Goods industry

#DigitalTransformation in the Consumer Packaged Goods industry | WHY IT MATTERS: Digital Transformation | Scoop.it
With nearly one-half of growth over the next five years coming from digital channels, CPG manufacturers risk losing control of their margins, share, and brand equity.
Farid Mheir's insight:

A very good review of the digital challenges that the CPG industry faces today.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Economic secrets of the dark web—the safe, easy way for anyone to be a little drug lord

Economic secrets of the dark web—the safe, easy way for anyone to be a little drug lord | WHY IT MATTERS: Digital Transformation | Scoop.it
Online trading makes the illegal drug economy—or parts of it at least—more transparent, more predictable, and safer.
Farid Mheir's insight:

Very depressing review of the online drug marketplaces. Amazing to see how the retail model is being replicated for illicit purpose.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Five E-Grocery trends around the world via @orckestra

Five E-Grocery trends around the world via @orckestra | WHY IT MATTERS: Digital Transformation | Scoop.it
Here are five important trends that will affect the American online grocery market in the next five years. From in-store mobile to personalized real-time offers and contactless payment, the future of grocery is all about convenience and options.
Farid Mheir's insight:

A review of 5 trends in egrocery shopping which could also apply to any retailer.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

2015 #eCommerce Survey shows 78% retailers plan for unified platform by 2020

2015 #eCommerce Survey shows 78% retailers plan for unified platform by 2020 | WHY IT MATTERS: Digital Transformation | Scoop.it

Customers expect a personalized, seamless brand experience across digital and physical commerce touch points and unified commerce is key to delivering this experience. This is the new mantra in retail, according to the 2015 E-Commerce Survey, 43% of the respondents indicated that a consistent brand experience across channels is one of their top commerce priorities.

“Retailers realize that that they can no longer operate from within silos, and the convergence of digital and physical commerce is now a retail imperative,” said Brian Brunk, principal, Boston Retail Partners.

Boston Retail Partners’ 2015 E-Commerce Survey of top North American retailers offers insights into retailers’ current e-commerce initiatives, priorities, and future trends as the retail industry continues its transformation into the digital world.

Key findings in the 2015 E-Commerce Benchmark Survey include:

> Improving the customer experience is the top priority – 43% of retailers indicating that a consistent brand experience across channels is essential

> A unified commerce platform is critical – 78% of retailers will have a unified commerce platform implemented within 5 years

> Mobilizing commerce remains a high priority – 45% of retailers indicated that mobile websites are their most important e-commerce capability

> Payment options and security are essential – 63% of retailers plan to accept Apple Pay within 2 years

> E-commerce continues to expand – 85% of retailers expect an increase in 2016 e-commerce website revenue

Farid Mheir's insight:

A recent survey on the eCommerce intentions of retailers in the short to mid term.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Canada Post embracing e-commerce with modern pickup centres via @RCEQ

Canada Post embracing e-commerce with modern pickup centres via @RCEQ | WHY IT MATTERS: Digital Transformation | Scoop.it
The post office’s new parcel centres put it on the front lines of the battle to compete in a digital age
Farid Mheir's insight:

Not sure this thing will work but let's give them an A for effort.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

The latest data shows Amazon might be ready to replace UPS and FedEx for #delivery

The latest data shows Amazon might be ready to replace UPS and FedEx for #delivery | WHY IT MATTERS: Digital Transformation | Scoop.it
Amazon has 173 logistics facilities worldwide, so it might build its own logistical network — which should terrify traditional vendors like UPS and FedEx.
Farid Mheir's insight:

Amazon may replace UPS and FedEx with its own delivery service.


I wrote about this in the past when I assumed that Amazon is developing grocery delivery as a volume business to put trucks on the road and cut distributions costs drastically. In that light Amazon is not looking at grocery as a profit center - all it needs is an operation that breaks even because when it does, all other deliveries will basically be free of charge.


And this would mean Amazon will never open stores.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Retailers at risk: Accenture brings back fears of disintermediation

Retailers at risk: Accenture brings back fears of disintermediation | WHY IT MATTERS: Digital Transformation | Scoop.it
Retailers who aren’t forward-looking when it comes to digital technology risk being cut out of the value equation completely.
Farid Mheir's insight:

Accenture makes the case for disintermediation in the retail space where manufacturers - CPGs in the diagram - will find in digital technologies the tools to bypass retailers and sell direct to consumers.


WHY THIS IS IMPORTANT

This was raised early in the Internet days but never really materialized as consumers find value in retailers - proximity, multi-vendor comparison, etc. Moreover, retailers put up a fight whenever manufacturers try to bypass them, thus making the move to a direct-to-consumer switch unlikely.


However it is true that digital technology provides new opportunities for business models that bypass retailers to bring value to consumers.

Luigi Cappel's comment, October 14, 2015 1:50 PM
Agreed, I'm hearing a lot of talk about manufacturers leasing appliances direct as a service to consumers
Scooped by Farid Mheir
Scoop.it!

Google guide to mobile

Google guide to mobile | WHY IT MATTERS: Digital Transformation | Scoop.it

Thanks to mobile, micro-moments can happen anytime, anywhere. In those moments, consumers expect brands to address their needs with real-time relevance. Here's a complete guide with strategies, insights, and customer examples for mastering micro-moments.

Farid Mheir's insight:

A guide from Google that provides insights into how users and retailers are tapping into mobile to increase sales.

Centric Digital's curator insight, October 14, 2015 5:21 PM

While some users may be tired of smartphone apps, many express interest in micro-moments. Here's a Google guide on how to increase sales with micro-moments.

Scooped by Farid Mheir
Scoop.it!

Email Attack on Vendor Set Up Breach at Target

Email Attack on Vendor Set Up Breach at Target | WHY IT MATTERS: Digital Transformation | Scoop.it

The breach at Target Corp. that exposed credit card and personal data on more than 110 million consumers appears to have begun with a malware-laced email phishing attack sent to employees at an HVAC firm that did business with the nationwide retailer, according to sources close to the investigation.


Last week, KrebsOnSecurity reported that investigators believe the source of the Target intrusion traces back to network credentials that Target had issued to Fazio Mechanical, a heating, air conditioning and refrigeration firm in Sharpsburg, Pa.

Farid Mheir's insight:

A great analysis of the Target breach and how it happened.


No comment yet.
Scooped by Farid Mheir
Scoop.it!

#Food #Delivery #Startups Overextended As They Try To Grow Their Geographic Footprint

#Food #Delivery #Startups Overextended As They Try To Grow Their Geographic Footprint | WHY IT MATTERS: Digital Transformation | Scoop.it
After Good Eggs scaled back to just one city, how many other food-delivery startups might be overextended as they try to "land and expand"?
Farid Mheir's insight:

Same day delivery and especially food delivery have become very popular in past year. This post provides data on their growth and geo footprint.


In a similar note, Amazon is starting 1-hour booze delivery offer in Seattle: http://recode.net/2015/08/25/amazon-will-bring-you-booze-in-one-hour-starting-in-seattle/


WHY THIS IS IMPORTANT

It appears to me like a money loosing business but it startup growth and financing in this field shows that we may be in "land grab" mode. 

For me, I am in a wait and see mode to evaluate if they ever are going to make money.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

How Walmart.com differentiates from Amazon: a comparison of 2 #ecommerce giants

How Walmart.com differentiates from Amazon: a comparison of 2 #ecommerce giants | WHY IT MATTERS: Digital Transformation | Scoop.it

Even for a $260 billion commerce giant like Walmart, Amazon is a foe best not approached head-on. Instead, Walmart has crafted an e-commerce strategy that’s decidedly un-Amazon: Walmart isn’t hung up on people buying things online.

Farid Mheir's insight:

Interesting stat: "every 100 milliseconds in delay costs Amazon them 1 percent in sales". 


Read the rest of the article for more.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

#eCommerce #behingthescenes: The strange world of dark stores via @bbc

#eCommerce #behingthescenes: The strange world of dark stores via @bbc | WHY IT MATTERS: Digital Transformation | Scoop.it
‘Dark stores’ are the massive facilities behind online commerce – but members of the public aren’t allowed in. How do they work? Chris Baraniuk finds out on a behind-the-scenes tour.
Farid Mheir's insight:

A behind the scene description of what it takes to fulfill grocery orders.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Retail #Ecommerce Sales in Canada to Rise by Double Digits Through 2019

Retail #Ecommerce Sales in Canada to Rise by Double Digits Through 2019 | WHY IT MATTERS: Digital Transformation | Scoop.it
Retail ecommerce sales in Canada will reach C$29.63 billion ($26.83 billion) this year, eMarketer estimates, an increase of 16.8% over 2014 spending levels. Double-digit sales increases are expected through at least 2019. That year, ecommerce sales in the country will near C$50 billion ($45.28 billion).
Farid Mheir's insight:

Useful data on eCommerce


WHY THIS IS IMPORTANT?

eCommerce will account for 8.8% of all sales in 2020: that leaves a *lot* of room for late adopters to get started and take their place in the virtual world.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Google finally reveals plans to let you buy things directly from #search results #social

Google finally reveals plans to let you buy things directly from #search results #social | WHY IT MATTERS: Digital Transformation | Scoop.it
Google is adding a feature that lets you purchase items through search results.
Farid Mheir's insight:

Facebook also is adding "buy" button. Social commerce is finally here.


No comment yet.
Scooped by Farid Mheir
Scoop.it!

Things That Work More Often Than Not in #eCommerce websites

Things That Work More Often Than Not in #eCommerce websites | WHY IT MATTERS: Digital Transformation | Scoop.it

Nothing is universal. But there are certain things that work more often than not in a/b testing.

Farid Mheir's insight:

11 tips to improve conversion in eCommerce websites. Based on actual research and data.


WHY THIS IS IMPORTANT

We build eCommerce sites to sell stuff and we are still learning what works and what does not, the equivalent of "aisle end caps" or placing products at eye level in a traditional store. This is useful for anyone building an eCommerce website.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

How We Built an Ecommerce Business from Scratch and Generated $922.16 in Revenue in 3 Days via @Shopify

How We Built an Ecommerce Business from Scratch and Generated $922.16 in Revenue in 3 Days via @Shopify | WHY IT MATTERS: Digital Transformation | Scoop.it
It all started with a challenge – build an ecommerce business from scratch and see how many sales we could generate in three days.
And that's exactly what we did. 
In this case study you’ll learn step-by-step, exactly how we decided on a product to sell, sourced a supplier, and sold nearly a $1,000 worth of product in just a few short days.

WIN THIS BUSINESS: Click through to read the blog post for your chance to win this business plus 6 months free of Shopify Professional Plan. 
Farid Mheir's insight:

Brilliant idea form shopify: build a new eCommerce business from scratch and show everyone what you did and how you did it.


WHY THIS IS IMPORTANT

Everyone in large corporation must look at this to understand how easy it is to start an eCommerce business. If you don't others will because the investment is so limited. Also notice that the issue is not with technology anymore but rather it is with what every traditional business must deal with on a daily basis: building a brand name and promoting the product and service.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

CVS Health's Chief Digital Officer Working With IT To Drive Digital Transformation via @Forbes

CVS Health's Chief Digital Officer Working With IT To Drive Digital Transformation via @Forbes | WHY IT MATTERS: Digital Transformation | Scoop.it
Late last year, Korn Ferry predicted that CDOs will be among the most in-demand C-level positions in 2015 and IDC predicted that by 2020, “60% of CIOs in global organizations will be supplanted by the Chief Digital Officer (CDO) for the delivery of IT-enabled products and digital services.”
Farid Mheir's insight:

CDOs are high level executives that work together or will replace CIOs in some cases.


WHY THIS IS IMPORTANT

Many organizations let CMOs drive the digital show or watch passively as the CIO tries to do something. Naming a CDO and making them high level executives - here a senior VP - gives them the power and the influence to imprint a digital transformation in the organization.

No comment yet.
Scooped by Farid Mheir
Scoop.it!

Home Depot sees eCommerce as essential marketing tool - even with single digit conversion rates via @NRF

Home Depot sees eCommerce as essential marketing tool - even with single digit conversion rates via @NRF | WHY IT MATTERS: Digital Transformation | Scoop.it
For the most part, our conversion rates are in the low single digits … but that doesn’t mean that the experience for the other 96 percent wasn’t hugely important in terms of driving that sale in the store. No question, dot-com has been a successful sales vehicle — it grew over 50 percent in 2013 and it’s been growing at roughly a 40 percent clip in 2014. Still, the value extends beyond the sales numbers because it enables a lot of other activity that ultimately takes place in the stores.
Farid Mheir's insight:

Home Depot has been doing eCommerce for a while and realizes it has become essential to drive traffic to stores.


WHY THIS IS IMPORTANT

Companies that stay away from eCommerce because sales are not yet meaningful in their industry (grocery, furniture, etc.) may be missing out on bringing more people to their stores and improving their experience, branding, etc.

In short: you've got to to do eCommerce, whatever industry you are in.

No comment yet.
Curated by Farid Mheir
Get every post weekly in your inbox by registering here: http://fmcs.digital/newsletter-signup/