Digital action = Climate action: 8 ideas to accelerate the twin transition

“It is clearer than ever that we urgently need to take bold actions to counter the global existential threat of climate change and to promote a green economic recovery!

Together, Europe has set an ambitious target of reducing our emissions by 55% compared to 1990 levels. If we are serious about reaching that goal, we governments, businesses and citizens need to think digital.”

Eight ideas on acceleration of the twin transition:

  1. Set ambitious key performance indicators for the twin transition
  2. Promote data cooperation on sustainability
  3. Boost infrastructure & connectivity
  4. Develop international standards for measuring digital enablement and carbon footprint
  5. Increase access to funding for research, development and innovation spending in green technologies
  6. Launch a continent-wide drive for green tech skills
  7. Strengthen the link between digital and green policies
  8. Create sector-specific action plans to facilitate uptake of digital across Europe’s most energy intensive sectors

“Natural disasters and resource scarcity, like limited access to clean water and agricultural land, will lead to security risks and unrest. These challenges are not national but international by nature. It is our common responsibility towards future generations to do what it takes to protect the environment. It is also our common duty to create a strong and competitive European economy, where people have the means to develop and put into practice innovative solutions that we need.”

Got interested? Read the full post from Cecilia Bonefeld-Dahl here .

Much more details on the eight ideas can be read in the report DIGITALEUROPE – download a copy here.

Improving strategic outcomes with advanced analytics

AI and machine-learning tools can enhance strategic planning.

In this episode of the Inside the Strategy Room podcast, McKinsey Insights explores how digital analytics is revolutionizing strategy. Nicholas Northcote, who for years led McKinsey’s research on strategic decision making, is joined by Sagie Davidovich, the cofounder and CEO of SparkBeyond, a McKinsey partner company that operates an AI-driven analytics platform, and Sasha Vesuvala, who leads much of McKinsey’s work in applying advanced analytics to strategy and growth-related questions. To read this edited transcript of the discussion follow this link.

CBDC and stablecoins: Early coexistence on an uncertain road 

With the rapid rise in circulation of stablecoins over the past couple of years, central banks have stepped up efforts to explore their own stable digital currencies.

Cryptocurrency has been touted for its potential to usher in a new era of financial inclusion and simplified financial services infrastructure globale. To date, however, its high profile has derived more from its status as a potential store of value than as a means of financial exchange. That disconnect is now evolving rapidly with both monetary authorities and private institutions issuing stabilized cryptocurrencies as viable, mainstream payments vehicles.

keep reading original post here!

Target Just Made an Amazing Announcement About Toys R Us

Both retailers outsourced their online operations to Amazon in the early 2000’s. Only one survived.

Outsourcing its entire digital product to a giant competitor is how the new Toys R Us will kick-off. It’s no different to where they were back in the year 2000. Keep reading here

Mastering The Duality Of Digital: How Companies Withstand Disruption

Building new digital businesses while digitizing legacy operations.

Incumbents must mount a well-calibrated, dual effort to create new models and digitize current businesses. Keep reading here at McKinsey.

Why Digital Transformation Isn’t About Digital

Years after the necessity of digital transformation efforts hit the business world’s radar, they remain critical to a company’s success. They also remain incredibly difficult to do successfully.

Why? Most focus on getting the “digital” part right—and don’t focus enough on nailing the “transformation.”. Keep reading here.

Business leaders gird for ‘organizational explosions’

A framework for successful transformations.

The path to digital transformation is littered with episodes that disrupt customers, employees, and partners. Reading and watching (video): follow me.

Amazon’s next big thing may redefine big

Arguably their biggest innovation to date, AWS, looks the most likely digital engine to power the future of machine learning.

It’s in society’s direction to actually decide which technology is applicable under which conditions. Interested in reading more? Go here and invest 5 minutes for reading.

‘Amazon is a threat’ but Ikea’s digital chief says she has a plan

IKEA’s phenomenal retail growth led them to becoming disconnected from the modern digital needs of their customers.

A focus on better serving customers will help IKEA be fit for the future. Keep reading here.

Checking In? No Thanks. I’m Just Here to Use the Wi-Fi.

WeWork is getting into the hotel game, and hotels are revamping their lobbies as “productivity spaces” to offer Wi-Fi and coffee as alternatives to co-working spaces.

Idle key resources can be put to use and offered to a new customer segment, like digital nomads. Read it here.