Shortage of high-quality data threatens the AI ‘boom’

Shortage of high-quality data threatens the AI ‘boom’

A number of fundamental issues, including a shortage of high-quality data with which to ‘train’ the technology is threaten the AI ‘boom’, according to a new white paper from the Open Data InstituteA number of fundamental issues, including a shortage of high-quality data with which to ‘train’ the technology is threatening the AI ‘boom’, according to a new white paper from the Open Data Institute. The paper Building a better future with data and AI is based on research carried out by the Institute in the first half of 2024. It claims to identify significant weaknesses in the UK’s technological infrastructure that threaten the predicted potential gains – for people, society, and the economy – from the surge of interest in artificial intelligence and its applications. It also outlines the ODI’s recommendations for creating diverse, fair data-centric AI. More →

People and firms are shifting away from remote work, survey suggests

People and firms are shifting away from remote work, survey suggests

One of the most prominent findings from the report is the pronounced decline in both the practice and preference for remote workThere has been a recent significant shift in working habits and preferences among employees in the post-pandemic landscape, according to the fourth Commuter Census from Mobilityways. One of the most prominent findings from the report is the pronounced decline in both the practice of and preference for remote work. The survey of 10,325 participants suggests that 40 percent of people no longer engage in any form of remote work, despite a mere 15 percent of employees expressing a preference for this arrangement.  Only 26 percent of respondents would consider working from home as an alternative to their current commuting routine, marking a significant 42 percent drop from the previous year. More →

Organisations struggle to nurture creativity even though they see it as essential

Organisations struggle to nurture creativity even though they see it as essential

Despite the widespread belief in the importance of creativity, many organisations are struggling to create environments that nurture and encourage innovative thinking.A new report from Harvard Business Review Analytic Services, in collaboration with Canva, claims to have uncovered the significant challenges organisations face when it comes to fostering creativity within the workplace. Despite the widespread belief in the importance of creativity, many organisations are struggling to create environments that nurture and encourage innovative thinking. More →

Getting the long term unemployed back into work will transform the economy, says Government adviser

Getting the long term unemployed back into work will transform the economy, says Government adviser

He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the "toxic" reliance on immigrationThe rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment. He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the “toxic” reliance on immigration for the workforce. More →

If you offer people universal basic income, they work less but have more choice, study finds

If you offer people universal basic income, they work less but have more choice, study finds

A new study from the Open Research Lab found that while unconditional cash transfers such as universal basic income slightly reduced employment rates and work hours, they increased the financial stability and agency of recipientsA new study from the Open Research Lab found that while unconditional cash transfers such as universal basic income slightly reduced employment rates and work hours, they increased the financial stability and agency of recipients. People were 2 percent less likely to be employed and worked 1.3 fewer hours weekly but had higher incomes when including the cash transfers. The financial support allowed individuals to pursue education, caregiving, health improvements, and more meaningful work. Overall, cash transfers provided recipients with the flexibility to make employment decisions aligned with their personal goals and circumstances. More →

Office attendance levels continue to rise across Europe

Office attendance levels continue to rise across Europe

Efforts to bring employees back to the office over the past year have generated high degrees of success, according to the 2024 European Office Occupier Survey from CBREEfforts to bring employees back to the office over the past year have generated high degrees of success, according to the 2024 European Office Occupier Survey from CBRE. According to the research, the proportion of companies reporting average building utilisation of 41-80 percent has risen to 61 percent, up from 48 percent in 2023. Conversely, the proportion of companies reporting lower utilisation has fallen, with only a third of companies reporting utilisation of 40 percent or below, compared with nearly half of the companies surveyed last year. More →

Government says launch of Skills England will transform the economy

Government says launch of Skills England will transform the economy

Skills England is intended to collaborate with central and local governments, businesses, training providers, and unions to address the skills needs of the next decade nationwidePrime Minister Keir Starmer and Education Secretary Bridget Phillipson have unveiled Skills England, an initiative designed to unify the fragmented skills landscape and foster a cohesive national ambition to enhance the nation’s skills. Richard Pennycook CBE, former chief executive of the Co-operative Group and lead non-executive director at the Department for Education (DfE), has been appointed as the interim Chair of the new body. More →

Increase in social media use and ‘doomscrolling’ could affect mental health and productivity in Gen-Z workers

Increase in social media use and ‘doomscrolling’ could affect mental health and productivity in Gen-Z workers

doomscrollingNuffield Health’s 2024 ‘Healthier Nation Index’ – a survey of 8,000 UK adults has highlighted how the young workforce is more social media obsessed than ever before. The study claims that social media use has increased for Gen-Z, with 16-24-year-olds spending over two hours a day doomscrolling on social media apps like TikTok, Instagram and Facebook per day (129 minutes), which is a seven percent increase and nearly ten minutes more a day than they were last year (119 minutes). This is four times the daily recommended amount for improved wellbeing. More →

HSBC Headquarters in Canary Wharf to undergo major transformation

HSBC Headquarters in Canary Wharf to undergo major transformation

This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic buildingIn a significant redevelopment move, 8 Canada Square, currently the headquarters of HSBC, is set to be transformed into a modern multi-use skyscraper once the bank vacates its Canary Wharf location in 2027. The global banking giant will relocate to the Square Mile as part of a company refresh, prompting an overhaul of its existing headquarters. This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic building into a state-of-the-art space encompassing workspaces, leisure, entertainment, and educational facilities. The building is wholly owned by the Qatari sovereign wealth fund (QIA), with CWG serving as the development partner. More →

Generative AI is scraping vast amounts of regulated sensitive data from organisations

Generative AI is scraping vast amounts of regulated sensitive data from organisations

According to a new study published by Netskope, regulated data (data that organisations have a legal duty to protect) makes up more than a third of the sensitive data being shared with generative AI (genAI) applicationsAccording to a new study published by Netskope, regulated data (data that organisations have a legal duty to protect) makes up more than a third of the sensitive data being shared with generative AI (genAI) applications—presenting a potential risk to businesses of costly data breaches. The new Netskope Threat Labs research claims to reveal that three-quarters of businesses surveyed now completely block at least one genAI app, which reflects the desire by enterprise technology leaders to limit the risk of sensitive data exfiltration. More →

People are cautiously optimistic about the impact of AI and other tech

People are cautiously optimistic about the impact of AI and other tech

both employers and employees are optimistic about the impact new technologies, such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) will have on their workplace – even though decision makers feel more optimistic than staffEmployers and staff are optimistic about impact of new technologies, despite uncertainty about safety according to a new British Safety Council survey. The YouGov survey commissioned by British Safety Council among 4018 UK employers and employees claims that both employers and employees are optimistic about the impact new technologies, such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) will have on their workplace – even though decision makers feel more optimistic than staff. More →

Mediocre offices won’t encourage people to spend more time in them

Mediocre offices won’t encourage people to spend more time in them

Dry, uninspiring offices and long, costly commutes are principal causes for a lack of office-based working, according to a new poll.Dry, uninspiring offices and long, costly commutes are principal causes for a lack of office-based working, according to a new poll. The survey, commissioned by design and fit-out firm Peldon Rose claims that 1 in 3 (34 percent) office-based workers in London have a ‘nightmare journey’ into work each day, which ultimately deters almost half (46 percent) from travelling into the office. For those that do come into the office, more than a third (38 percent) believe their working environment is uninspiring and unfit for purpose. More →