High expectations mask large gap between understanding of artificial intelligence and its implementation

High expectations mask large gap between understanding of artificial intelligence and its implementation

by • AI, News, Technology

New research published by the Boston Consulting Group and MIT Sloan Management Review suggests that there remains a wide gap between the understanding and adoption of artificial intelligence (AI) at most companies. The global study of over 3,000 firms and industry experts claims that almost 85 percent of executives believe AI will allow their companies to obtain or sustain a competitive advantage. However, only about one in five companies has incorporated AI in some offerings or processes. The new report claims to identify the key characteristics of AI leaders and offers companies a starting point for developing an AI strategy.

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Mixed use development at Victoria Station named as the UK’s worst new building

by • Architecture, News, Property

A mixed use scheme featuring two prominent towers next to London’s Victoria station has been named the UK’s worst new building from the last year. The Nova Victoria development, designed by PLP Architecture, was awarded the 2017 Carbuncle Cup – an annual competition organised by architecture website Building Design (BD) that recognises the ugliest buildings completed in the UK over the previous year. The project was named as winner of this year’s unwanted accolade by a panel of judges comprising BD editor Thomas Lane and assistant editor Elizabeth Hopkirk, as well as Twentieth Century Society director Catherine Croft and urbanist David Rudlin who also took into account comments from readers.

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Economic gains from digitisation, robotics and AI must benefit workers says TUC

Economic gains from digitisation, robotics and AI must benefit workers says TUC

by • AI, News, Technology, Workplace

In the same week that Gartner offered some useful insights into the building blocks for a successful digital workplace, the TUC has published its views on the impact of digitisation, arguing that the economic gains from digitisation, robotics and artificial intelligence (AI) should be used to benefit working people. This would include reversing policies to raise the state pension age. The report Shaping Our Digital Future explores how the next technological revolution will impact on jobs and wages. Previous waves of technological change have not led to an overall loss of jobs, but have disrupted the types of job people do. And with the most recent wave of industrial change, rewards from higher productivity have gone predominantly to business owners, rather than being shared across the workforce through better wages and working conditions.

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London’s commercial office market slows down as occupiers choose to stay put

by • Cities, Facilities management, News, Property

Following a period of stability over the last few quarters, despite the Brexit vote, London’s office market is increasingly coming under pressure, according to Clutton’s London Office Bulletin for Summer 2017. According to Ralph Pearson, Clutton’s head of commercial agency – this is due to reduced levels of occupier activity post Brexit where there is increased instances of tenants renewing leases rather than electing to relocate. Although take up in the second quarter of this year was close to the five-year average, the main reason for this was due to activity carried out by WeWork, which accounted for the two largest deals – involving a total of 425,000 sq ft in Shaftesbury Avenue and at South Bank Place. The market has since begun to stagnate, and so far, for the third quarter of this year quoted rents have slipped across much of central London with rent free periods continuing to lengthen.

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Scottish employers severely limiting their access to talent by not offering flexible working

by • Flexible working, News

Companies in Scotland who do not offer employees flexible working are failing in their attempts to recruit and retain the best talent, a report has said. Demand for flexible jobs massively outstrips supply, according to the study commissioned by the Scottish Government in partnership with Family Friendly Working Scotland and recruitment agency Timewise. The report claims it is the first research to look specifically at the ratio of supply to demand for flexible work in the country. Although the Scottish government said flexible working boosts productivity and is good for workers, the study found that just 11.9 percent of jobs paying at least £20,000 annually are advertised as flexible, while 34 percent of jobless Scots sought flexible work. The data came from analysis carried out by Timewise of more than 230,000 job adverts.

Report sets out building blocks of a successful digital workplace strategy

by • News, Technology, Workplace design

Digital workplace developments often lose their way, or fail, due to a fragmented approach that prioritises a few technology ‘fixes’ over business strategy, according to analysts at Gartner. To combat this, ‘digital workplace leaders’ in public sector organisations need to employ a framework to ensure their digital workplace initiatives address eight critical components required for a successful implementation, according to Gartner. The report (paywall) sets out what it claims are the eight critical components — “building blocks” — that application leaders need when planning, directing and evolving digital workplace programs:

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Remote workers perceived as less valued by management than office based staff

by • Flexible working, News, Technology, Workplace

Remote workers perceived as less valued to workplace by office based staffAmerican office workers think it’s twice as difficult for remote workers to build relationships with the boss, make work friends, collaborate with their team and navigate the workplace culture than in-office workers, according to recent research. The “Reality of the Remote Worker Report,” claims that remote workers tend to have their presence go by unnoticed, with 43 percent of office workers believing it’s harder for remote workers to be seen in the workplace than those non-remote. The report, conducted online amongst over 1,500 US workers by YouGov for CyberLink, found a number of disadvantages for remote workers; with nearly 1 in 6 (15 percent) of office colleagues thinking that remote workers are less valued by a company, 20 percent believing they’re promoted less often and 8 percent even viewing them as less trustworthy. And office workers who were asked about their own concerns about working remotely expressed a range of potential frustrations.

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Quarter of women on maternity leave offered less training opportunities than colleagues

by • Flexible working, Legal news, News, Workplace

Quarter of women on maternity leave not offered same training opportunities as colleagues

One fifth of women (20 percent) feel overlooked by their employer during maternity leave and though three quarters (75 percent) see training as a key way to prepare for their return to work, nearly a quarter (24 percent) are not offered the same training opportunities as their colleagues. According to the new research from AVADO almost a third of women (32 percent) who’ve been on maternity leave in the past three years say they’d have felt more prepared to return to the workforce if they’d had the option to do some training; one in three (29 percent) would have felt better connected with their team members and for a fifth (24 percent), training would have allowed them to stay up-to-date with the latest developments in their industry. During maternity leave, an employee and employer can agree to have up to ten Keeping in Touch (KIT) days, which may include training, but the research found that just one in ten (16 percent) were given the option to use these for training. This is despite the fact that 72 percent of women see it as one of the key ways to help them successfully head back to work after having a family.

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Leeds latest city to announce major new Government Hub

by • News, Property, Public Sector

Following the announcement of new UK Government Hubs in Cardiff and Edinburgh, a total of 6,000 civil servants are to be relocated to a new Government Hub in Leeds in what is claimed to be the biggest ever commercial property letting deal in the city’s history. HMRC, working with the Cabinet Office, will take approximately 378,000 sq ft at Wellington Place on a 25 year lease. The deal will see 6,000 civil servants working in a state-of-the-art new city centre premises in 2020.

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More nations trial universal basic income as report suggests it could provide a major economic boost

More nations trial universal basic income as report suggests it could provide a major economic boost

by • AI, Legal news, News

The much talked about idea of a Universal Basic Income in developed economies is now attracting greater political momentum, at the same time that a major new research project from an American think tank sets out the potential economic benefits. Yesterday, Scotland’s First minister Nicola Sturgeon called for research into the plausibility of a “citizens’ basic income” in a speech to the Scottish Parliament. Her appeal follows an announcement on the same day that Hawaii is to become the first US state to formally explore the idea. A trial is already under way in Finland, although a recent report in the New York Times suggests it is deeply flawed.

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Third of firms concerned unexplained gender pay figures could damage their reputation

Third of firms concerned unexplained gender pay figures could damage their reputation

by • Legal news, News, Workplace

Third of companies concerned about impact gender pay report will have on reputation

While a third of companies have already completed their gender pay gap reports, many remain reluctant to publish the figures; and a majority (70 percent) want to include an explanatory narrative to help support their findings. According to the new survey by Mercer, although perceptions of the regulations have improved since being made final, companies find the regulations complex (41 percent), confusing (29 percent) and misleading (28 percent). The result is, while a third of companies completed their analysis at the end of May, most (44 percent) plan on leaving it to later in the year (Oct 2017-Jan 2018) to report; and 28 percent don’t know when they will report. When looking for root causes of the pay gaps, 54 percent of respondents have conducted some sort of analysis (e.g. equal pay audits and bonus programme analysis) in the last three years. Looking ahead there is a dramatic change in the attention being given by organisations to actions beyond pay, and some leading organisations are addressing this issue already.

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Companies overlooking cost of cyber risks as variety and number of breaches increase

by • Facilities management, Legal news, News, Technology

Companies are overlooking cost of cyber risks as incidents of breaches riseCyber risk is becoming increasingly common while the types of breaches are becoming more diverse, claims a new white paper by the audit and accounting expert BDO. For instance, ransomware is now the fifth most common type of malware; with the cost of freeing up computer systems from ransomware tripling since 2016. Yet organisations are continuing to spend up to four times more on insuring other company assets (e.g. property, equipment etc.) than on cyber insurance, despite an increasingly widespread belief that their cyber assets are in fact up to 14 percent more valuable. The report also finds that as cyber incidents increase, they become more difficult – and therefore more expensive – to defend. In the new cyber insurance white paper, BDO’s global cybersecurity leadership group stresses the importance of businesses gaining an understanding of their unique risk profiles in order to ensure the right cyber insurance for their needs. Cyber insurance: managing the risk does include some of the positive trends around cyber security – for example, both the level of Board involvement and investments in cybersecurity have increased significantly in the last 2-3 years.

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