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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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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2017 DBIR: Understand Your Cybersecurity Threats

2017 DBIR: Understand Your Cybersecurity Threats | WHY IT MATTERS: Digital Transformation | Scoop.it

The 2017 DBIR reveals what’s really happening in cyber security. This year’s report is based on analysis of over 40,000 incidents, including 1,935 confirmed data breaches. That means you get a detailed insight into the cyber security threats you face.

Read the report and discover:

  • The biggest cyber security threats in your sector and what you can do to mitigate them.
  • Who’s behind the attacks and how they’re getting in.
  • What motivates the cybercriminals.
  • How nine incident patterns can help you predict what the cybercriminals will do next.

 

Farid Mheir's insight:

WHY THIS IS IMPORTANT

This annual report on cybersecurity from Verizon is one of the best as it analyzes data from 2,000 breaches to draw a portrait of cybersecurity threats that is factual. Must read.

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Grocery Store Of The Future: 65 Startups Reimagining Shelf Stocking, Product Promotion, Shopper Tracking, And More

Grocery Store Of The Future: 65 Startups Reimagining Shelf Stocking, Product Promotion, Shopper Tracking, And More | WHY IT MATTERS: Digital Transformation | Scoop.it
The startups in this infographic have raised nearly $1.5B to optimize grocery store operations with AI, virtual reality and more.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Grocery is the last frontier for digital disruption, everyone knows (huge market but late adopter of digital, especially eCommerce see http://sco.lt/8ai7W5 http://sco.lt/6q1Ijx http://sco.lt/8Y94vh ).

But no one knows when exactly they'll get disrupted. Many are betting on eCommerce but from the looks of this report, we may see a lot of changes in our weekly trip to the supermarket, from shelf monitoring to augmented reality.

Then again, grocers are pre-historic in their use of technology because of low margins and a very repetitive shopping experience. We mostly always buy the same products and are looking at our store "experience" to be fast with low prices, not so much fun and experiential (see Amazon GO http://sco.lt/8MTY8X where there is no cash register to slow you down still needs to be cheap http://sco.lt/80HuqX).

So my bets are on the startups that enable faster grocery shopping at a low cost- all others I expect will have a hard time (sorry AR and VR startups...)!

StartupVideoStash's curator insight, May 3, 2017 6:50 AM
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Amazon Strategy Teardown: Building New Business Pillars In AI, Next-Gen Logistics, And Enterprise Cloud Apps

Amazon Strategy Teardown: Building New Business Pillars In AI, Next-Gen Logistics, And Enterprise Cloud Apps | WHY IT MATTERS: Digital Transformation | Scoop.it
Seattle-based Amazon is doubling down on AWS and its AI assistant, Alexa. It's seeking to become the central provider for AI-as-a-service.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Amazon is a beacon in the digital transformation space - part of the famous GAFA acronym - Google Apple Facebook Amazon. This teardown from CBinsights shows that Amazon is way more than the eCommerce retailer we have come to love and rely on so much. The report reviews where Amazon invests and provides unique view into where it may be going. Retailers beware!

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Retailers filing for #Chapter11 #bankruptcy approaching highest level since 2008- possible cause = #eCommerce?

Retailers filing for #Chapter11 #bankruptcy approaching highest level since 2008- possible cause = #eCommerce? | WHY IT MATTERS: Digital Transformation | Scoop.it

There have been more retail bankruptcies so far this year than all of 2016. The number of retailers filing for Chapter 11 bankruptcy is approaching its highest level since 2008 and 2009.
Why now? Many point to the rise of Amazon and e-commerce, the glut of malls and a spending shift from clothes to health care and experiences. All of these trends hold true, but they've been building for a while now.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

If you are a retailer with physical stores or a real-estate owner, this chart should scare you into rethinking you long-term strategy regarding a decrease in physical store square footage and increase in eCommerce. From the looks of it, as soon as the cost of money will increase (interest rates), we may see many retailers from the old-wave (read: no eCommerce) be forced into bankruptcy...

 

Also read this for other very interesting stats, including sales per sq.ft.

http://www.zerohedge.com/news/2017-04-22/retail-bubble-has-now-burst-record-8640-stores-are-closing-2017 

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Where machines could replace humans--and where they can’t (yet)

Where machines could replace humans--and where they can’t (yet) | WHY IT MATTERS: Digital Transformation | Scoop.it
The technical potential for automation differs dramatically across sectors and activities.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

We all work so we should all be aware of this trend. For those of us that create strategy for others, this is essential to consider as an underlying trend.

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Manufacturing 4.0 "digital compass" helps select where to invest effort to deliver results

Manufacturing 4.0 "digital compass" helps select where to invest effort to deliver results | WHY IT MATTERS: Digital Transformation | Scoop.it
Industry 4.0 is more than just a flashy catchphrase. A confluence of trends and technologies promises to reshape the way things are made.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Great chart from McKinsey that shows how to select technologies for the value they deliver. Need to improve time-to-market, look at rapid experimentation, concurrent engineering or cocreation. Useful and simple, can be reused in many other areas.

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Mobile’s Hierarchy of Needs shows "mobile first" is a reality in Retail food category via @comscore

Mobile’s Hierarchy of Needs shows "mobile first" is a reality in Retail food category via @comscore | WHY IT MATTERS: Digital Transformation | Scoop.it
The concept of ‘mobile first’ is no longer exclusive to technology-focused businesses and consumers, but is the default position for a growing number of internet users, who now consider smartphones and tablets essential to their daily lives. In this report, we examine key mobile behaviours that have propelled it to a primary platform, using 9 global markets (USA, Canada, UK, Spain, Italy, Brazil, Mexico, China and Indonesia) to demonstrate pockets of intense usage within a mobile hierarchy of needs.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

We've been warning that our consumption of Internet will move to the mobile devices since 2005 when Google bought Android and Apple started work on the iPhone. This report from Comscore comes in to support that with actual numbers. In particular, and close to my field of expertise, it looks like most of us already consume digital on our mobile phones in the grocery store more than any other category...

Also, the analogy with the hierarchy of needs is dear to me as I wrote about the Hierarchy of digital needs recently... http://fmcs.digital/blog/pyramid-of-digital-needs/ 

Greg Olsen's curator insight, April 7, 2017 10:49 AM
Mobile first is not a mantra to be given lip service to -- Maslow 2.0 (the hierarchy guy) would see mobile as a tool to lead us down the primrose path to self-actualization.  

True enough - 100 hundred years ago if you wanted to climb a mountain in Peru you spent a month researching, shopping, & preparing.  Today with mobile you do all that AND facebook your friends about your new adventure all in minutes.

No wonder why physchology = availability.
 
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THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world | WHY IT MATTERS: Digital Transformation | Scoop.it

The Internet of Things moves mainstream and continues to see rapid growth and development. The report lists

  • What is the Internet of Things? Definition, Industries and Companies
  • IoT Ecosystem - Forecasts and Business Opportunities
  • IoT Market Size, Share & Growth Forecasts
  • IoT Trends, Growth & Predictions
  • IoT Devices, Applications & Examples
  • Top IoT Companies to Watch & Invest In
  • IoT Wearable Devices & Technology
  • How IoT Will Affect Security
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Looks like we soon will have Internet in every device we own. That's the Internet of Things. This reports provides a good overview of the market, the trends but also the possible uses for these devices. Must have in every business digital strategy.

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Augmented Reality #AR to be a $50 billion business in 5 years, bigger than #VR via @IDC

Augmented Reality #AR to be a $50 billion business in 5 years, bigger than #VR via @IDC | WHY IT MATTERS: Digital Transformation | Scoop.it
Plenty of tech companies seem convinced that augmented reality is the next big thing.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Much talk about virtual reality these days but looks like the killer app will be AR. Wrote about this in the past and looks like IDC research agrees with me... ;-)

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China Thinks It Has Figured Out Online Grocery Shopping

China Thinks It Has Figured Out Online Grocery Shopping | WHY IT MATTERS: Digital Transformation | Scoop.it
When it comes to groceries, most Chinese still rely on their neighborhood markets. But that’s starting to change as Alibaba and JD.com use a new form of courier service that works like the Uber of delivery.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

Americans have been at the fore-front of eCommerce - and in many respects UK, France and other European countries also. However, news like this remind us to look East to China, India and other Asian countries for digital innovation - here in the context of Retail but I assume it may be the case for other innovations.

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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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#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 Mheir's 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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New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes 

New report confirms #InternetOfThings #BigData #MachineLearning Will Revolutionize Retail via @Forbes  | WHY IT MATTERS: Digital Transformation | Scoop.it
  • 70% of retail decision makers globally are ready to adopt the Internet of Things to improve customer experiences.
  • 73% of retailers rate managing big data as important or business-critical to their operations.
  • 78% of retailers say it is important or business-critical to integrate e-commerce and in-store experiences, so an omnichannel experience is delivered to every customer.
  • 87% of retailers will deploy mobile point-of-sale (MPOS) devices by 2021, enabling them to scan and accept credit or debit payments anywhere in the store.
  • 90% of retailers will implement buy online, pickup in store by 2021.

 

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Based on a detailed report, this article provides a chockful of stats about investments in certain technologies. Although based on a survey, it confirms certain trends that are widely accepted - so there should be no surprises for readers of this blog.

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These are the 10 breakthrough technologies you need to know about right now via @MIT 

These are the 10 breakthrough technologies you need to know about right now via @MIT  | WHY IT MATTERS: Digital Transformation | Scoop.it
These technologies all have staying power. They will affect the economy and our politics, improve medicine, or influence our culture. Some are unfolding now; others will take a decade or more to develop. But you should know about all of them right now.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

There are lists every year put together by many. When MIT says something I usually listen. And this year's list goes way beyond most gadgety ones.

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120 Machine Learning business ideas from the latest McKinsey report.

120 Machine Learning business ideas from the latest McKinsey report. | WHY IT MATTERS: Digital Transformation | Scoop.it

Machine learning is on the edge of revolutionizing those 12 sectors. Most leaders in those industries look at Machine Learning and see a non-stable, none viable technology in the short term.

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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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50 Companies Leading the Artificial Intelligence Revolution

50 Companies Leading the Artificial Intelligence Revolution | WHY IT MATTERS: Digital Transformation | Scoop.it
A look at the most promising global startups working with artificial intelligence.
Farid Mheir's insight:

WHY THIS IS IMPORTANT

The US is leading the AI revolution, for now. Surprised not to see Montreal in the list...

Magaly Siméon's curator insight, March 7, 2017 1:00 AM

WHY THIS IS IMPORTANT

The US is leading the AI revolution, for now. Surprised not to see Montreal in the list...

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The #AI 100 from @cbinsight: will it one day replace the Fortune500? 

The #AI 100 from @cbinsight: will it one day replace the Fortune500?  | WHY IT MATTERS: Digital Transformation | Scoop.it

A ranking of the 100 most promising private artificial intelligence companies.

It is a purely data-driven/algorithmic process that uses CB Insights data. We’ve gathered this data via our
machine learning technology (dubbed The Cruncher) as well as via several thousand direct submissions
from firms and individual professionals using The Editor.
The Company Mosaic page walks through the factors considered in the algorithm in some detail but at a
high level, it considers several factors including:
- Momentum – Considers non-traditional signals including news mentions, sentiment, jobs data/hiring,
social media, web traffic and usage, partnerships, and more.
- Market – Quantifies the health of the sector and industry the company is involved in, including funding,
deals, exit activity, and hiring.
- Money — Assesses financial signals including funding recency and total raised.
- Investor quality – Weighs the quality of the investors participating in deals to the company, judging
investors based on exits, returns, and portfolio quality.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Are we on the eve of an era where the Fortune 500 is replaced by the "AI 100"?

This may be more realistic than you think if the current predictions regarding the future of work push humans to service each other and let all the "work" be done by machines - robots and AI.

We are not there yet and this list merely reports 100 startups that are very active in the field AI. Nevertheless, it is interesting to consider what impact AI may have and adjust our digital strategies accordingly...

Fortune magazine has also created a very interesting infographics from this mountain of data: http://fortune.com/2017/02/23/artificial-intelligence-companies/ 

compressedpiano's comment, February 28, 2017 10:51 PM
Thats stunning...
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Average return rates in apparel eCommerce are up to 45% for women via @truefit 

Average return rates in apparel eCommerce are up to 45% for women via @truefit  | WHY IT MATTERS: Digital Transformation | Scoop.it

The Future of Personalization white paper looks at how retailers can deliver a more personalized, one-on-one online shopping experience. Specifically, the paper looks at the retail landscape and the challenges retailers must overcome in order to achieve personalization, such as understanding the individual consumer, including their style, size and brand affinities as well as external and internal factors that affect their decision making.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

Retailers planning their eCommerce solution should take a hard look at their return policy and process. Statistics such as this demonstrate that return rates as high as 45% can wreak havoc on profitability, customer satisfaction and employee frustration!

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17 Web Design Trends To Watch in 2017 via @Shopify

17 Web Design Trends To Watch in 2017 via @Shopify | WHY IT MATTERS: Digital Transformation | Scoop.it

What does 2017 have in store for us? We asked the industry’s experts for their views on the future of web design trends.

  1. Conversational interfaces
  2. Machine learning
  3. Emotionally intelligent design
  4. Virtual reality
  5. Location and context awareness
  6. Micro-interactions
  7. Colors
  8. Cohesive experiences
  9. Even more JavaScript!
  10. Designed failure
  11. Design sprints
  12. Better collaboration across design and development
  13. Merging of UX and service design
  14. Facebook and Google as destinations for content
  15. Credibility becomes king
  16. Mass disruption to foundational Internet services
  17. The rise of the diversity designer
  18. Bonus: 2017 According to Jeffrey Zeldman
Farid Mheir's insight:

Lots of elements to account for in your 2017 digital strategy.

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Top 10 Hot Artificial Intelligence (AI) Technologies

Top 10 Hot Artificial Intelligence (AI) Technologies | WHY IT MATTERS: Digital Transformation | Scoop.it
Based on Forrester’s analysis in its latest TechRadar report, here’s my list of the 10 hottest AI technologies.
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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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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 Mheir's 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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