October 10, 2024

Striking the delicate balance of AI regulation and innovation

by James Fisher • AI, Comment, Technology

As AI continues to advance, navigating the balance between regulation and innovation will have a huge impact on how successful the technology can be. The EU AI Act came into force this summer, which is a move in the right direction towards classifying AI risk. At the same time, the Labour government has set out its intention to focus on the role of technology and innovation as key drivers for the UK economy. For example, planning to create a Regulatory Innovation Office that will support regulators to update existing regulation more quickly, as technology advances. More →

August 2, 2024

Remote work is holding back innovation, study claims

by Neil Franklin • Flexible working, News, Wellbeing

Remote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. More →

July 30, 2024

Working with AI drives innovation, but business leaders are sceptical

by Neil Franklin • AI, News

Collaborating with artificial intelligence increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO. The survey also suggests that using AI to accelerate innovation rather than efficiency can increase growth by more than a third. In the study 1,000 business leaders answered a brief to design new products and services that could achieve both growth and sustainability objectives. Business leaders who received AI generated questions to help with ideation in response to the brief produced 56 percent more ideas, with a 13 percent increase in the diversity of ideas and a 27 percent increase in the level of detail compared to a control group who were not provided with artificial intelligence prompts. More →

March 27, 2024

ULI Europe launches PropTech Innovation Challenge 2024

by Freddie Steele • Company news, Environment, Property

Following last year’s pilot, Urban Land Institute (ULI) Europe has launched a second edition of the PropTech Innovation Challenge (PIC), the Young Leaders-led initiative to foster innovation in the built environment and is calling for game changing solutions that meet the challenge of how to substantially reduce carbon emissions. The challenge, which reflects ULI’s mission priorities, and the urgent decarbonisation focus of ULI C Change, is focused specifically on the reduction of Scope 3 emissions for managers and investors and encompasses the indirect but critical emissions that occur throughout the value chain, and which are often overlooked. Indirect emissions arise from activities such as transportation and procurement. More →

March 6, 2024

People have lost trust in AI already, and aren’t keen on innovation more generally

by Jayne Smith • AI, News, Technology

The 2024 edition of the Edelman Trust Barometer claims to expose a rift on the subjects of AI and innovation that has become a new factor in the polarisation of societies. Respondents, by nearly a two-to-one margin, feel innovation is being poorly managed; this is true across age groups, income levels, and gender, and in both developed and developing countries people are more likely to say innovation is poorly managed than well managed. Innovations have also become politicized, especially in Western democracies where right leaning individuals are far more likely than those on the left to reject them; the biggest differences between those on the right and left are in the U.S. (41 points), Australia (23 points), Germany (20 points), and Canada (18 points). More →

December 12, 2023

Workplace innovation is boosted when managers have high social status

by Neil Franklin • Business, News

Social status of top management in a company is positively associated with innovation, including workplace innovation, due to greater access to resources for research and development (R&D), finds new research from UCD Lochlann Quinn School of Business (UCD Quinn School). The findings were first published in the journal R&D Management. More →

March 30, 2023

Every workplace innovation contains the seeds of its opposite

by Mark Eltringham • Comment, Flexible working, Technology

The announcement by Apple that it wanted its employees to work in an office for three days a week sparked the usual, tedious pile-on about how many days people should spend in a physical workplace each week. This included the columnist at Grazia who joins the tens of millions of people around the world who not only know where Apple is going wrong, but also how to run every other organisation in the world and what’s best for everybody who works for them. More →

September 23, 2022

Digital twin in Birmingham will drive innovation and clean energy in the city

by Neil Franklin • Cities, News, Technology

A digital twin that can comprehensively model and test pathways to clean energy and net zero emissions in East Birmingham is being planned in a partnership between the University of Birmingham, Birmingham City Council and Siemens. A feasibility study has been commissioned which demonstrates how a virtual representation of the energy and transport infrastructure within East Birmingham and Tyseley Environmental Enterprise District (TEED) will help to outline pathways for decarbonisation. More →

July 22, 2022

Awards and recognition for innovation can harm future levels of creativity

by Neil Franklin • News

New research from Olin Business School at Washington University in St. Louis, published in the Journal of Applied Psychology, claims to have identified one reason why some first-time innovators struggle to repeat their initial creativity while others go on to continually produce creative works. Markus Baer, Professor of Organizational Behavior at Olin, and Dirk Deichmann, of the Rotterdam School of Management in the Netherlands, discovered that recognising first-time producers of successful novel ideas with an award or recognition can significantly decrease the likelihood that they will produce future creative work. More →

March 23, 2022

A burst of technological innovation is reshaping the future of work

by Toby Benzecry • Comment, Flexible working, Technology, Workplace design

Even as we begin to glimpse the light at the end of the tunnel of the pandemic, evidence suggests that many workers want to carry over the working flexibility that the pandemic afforded into the post-pandemic world and a new future of work. Namely, employees are wanting to adopt a ‘mixed’ working style – spending time both working in the workplace, enjoying the office’s many benefits, as well as spending some time during the week working from home. A YouGov poll suggests that close to 40 percent of employees wish to continue to work from home some of the time post-pandemic – a fact that is supported by CIPD research. More →

March 10, 2022

NewFlex appointed to run incubator and innovation space at 22 Bishopsgate

by Freddie Steele • Company news, Property

NewFlex, an operator of flexible offices and “space-as-a-service” solutions with fifty sites across the UK, has been appointed to curate and manage the incubator and innovation workspace community at the landmark London office 22 Bishopsgate. To be known as The Exchange (branded as XCHG) and specifically targeting start-ups, scale-ups and SMEs, the c.14,000 sq ft flexible office and co-working space on level seven will be NewFlex’s most significant space as-a-service project to date, aiming to create a bespoke environment that fosters innovation. More →

January 27, 2022

Urban and real estate recovery driven by talent and innovation focused firms

by Neil Franklin • Cities, News, Property, Technology

Innovation-oriented industries and talent concentration are driving urban and real estate recovery, with notable hot spots in parts of the US, Europe and Asia, according to JLL’s new report, Innovation Geographies (registration). The authors claim that cities that perform best on these measures will be best positioned for economic growth post-pandemic, demonstrating a strong link between innovation, talent ecosystems and real estate performance. More →