Overwhelming majority of property professionals now view proptech as an opportunity

Overwhelming majority of property professionals now view proptech as an opportunity

by • News, Property, Technology

The vast majority of property professionals in the UK now regard proptech as an opportunity rather than a threat, new research has found. However, a majority also remain sceptical about their own organisations’ progress on adopting new technology. Those are the key findings of a survey of more than 300 property professionals carried out by Trident Building Consultancy, in association with RICS, GoReport and Teesside University.

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Employees who work in digitally advanced workplaces are more productive and motivated

Employees who work in digitally advanced workplaces are more productive and motivated

by • Facilities management, News, Technology, Wellbeing, Workplace

Companies that are less technologically advanced are at risk of falling behind the competition and not attracting top talent, claims a new global study from Aruba. By contrast, employees who work in digital workplaces are not only more productive but also more motivated, have higher job satisfaction, and report an overall better sense of well-being. The study, Digital Revolutionaries Unlock the Potential of the Digital Workplace, outlines both the business and human benefits of more digitally-driven workplaces, and how. Almost all respondents (97 percent) thought their workplace would be improved through greater use of technology, while 64 percent said their company will fall behind the competition if new technology isn’t implemented. The same portion (64 percent) believe the traditional office will become obsolete due to advances in technology. However, the survey also warns that companies must be vigilant as more digital-savvy employees are taking greater risks with data and information security.

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Additional 1.5 million people planning to trade the rat race for the gig economy

Additional 1.5 million people planning to trade the rat race for the gig economy

by • Flexible working, News, Technology, Workplace

Rise of the gig economy is transforming the UK employment landscapeMore than 6 million UK adults are already self-employed or working as a contractor in the so-called gig economy, with a further 6 percent of currently  full-time professionals looking to make the transition this year. New research of more than 2,000 UK adults commissioned by WeMa Life claims to reveal how the rise of the gig economy is transforming the UK’s employment landscape, with one in five (19 percent) working adults currently identifying themselves as being a freelancer, sole trader or self-employed. The study found that 71 percent of gig economy workers identified flexibility as the biggest appeal for working on a contractor or temporary basis. Furthermore, having control over the hours and types of jobs undertaken has also empowered a new section of the workforce that were previously unable to access full-time employment – it was uncovered that nearly half (46 percent) of those working in the gig economy do so because they are not in a position to work a full-time job due to other commitments in their life.

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Drones could add £42 billion to UK GDP by 2030

Drones could add £42 billion to UK GDP by 2030

by • News, Technology

Drone technology has the potential to increase UK GDP by £42 billion (or 2 percent) by 2030, according to new research from PwC. The research estimates there will be more than 76,000 drones in use across UK skies by 2030. More than a third of these (36 percent) could be utilised by the public sector (including in areas such as defence, health and education).  The report claims that drone technology could help the UK achieve up to £16bn in net cost savings by 2030 through increased productivity. The technology, media and telecoms (TMT) sector stands to save the most by using drones, with a potential net saving of £4.8bn by 2030.

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New study reveals industries most likely to be subject to digital disruption this year

New study reveals industries most likely to be subject to digital disruption this year

by • News, Technology

A new survey of British and American IT decision makers claims to reveal which industries are most and least likely to be subject to digital disruption in 2018. The study, Digital Disruption: Disrupt or Be Disrupted (registration required), also claims to identify the qualities of companies most likely to be disruptors, and concludes that cloud technology is the new key to digital transformation. The report, based on interviews with more than 300 respondents in the United States and the United Kingdom found that 50 percent of IT stakeholders think they are leaders and will disrupt, while 50 percent feel they are behind and will be disrupted by the competition in 2018. By industry, more telcos (65 percent) and technology (65 percent) companies predict they will be disruptors, while 17 percent of IT stakeholders working for government and non-profit organisations worry they will be disrupted.

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Nearly half of workers blame technology issues as top reason for lack of productivity

Nearly half of workers blame technology issues as top reason for lack of productivity

by • Facilities management, News, Technology, Workplace

Nearly half of workers blame technology issues as top reason for lack of productivityEight in ten workers use their personal smartphones for work purposes to make their jobs easier as almost half report wasting 10 minutes per hour in their working day due to their employers’ ineffective technology. According to the 2018 Connected Worker survey from Deloitte – just under half (49 percent) of respondents said they waste an average of ten minutes for each hour worked, in a median 35-hour week. Of the reasons given, 44 percent cited issues with technology, such as non-working or lack of devices as the main reason for not being productive at work. Workers compensate for the lack of employer provided technology with their own devices, with eight in ten (81 percent) already using their personal smartphones for work purposes. Over half (54 percent) of the workers feel they have the skills to use more technology at work.

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UK technology sectors continues to outpace rest of the economy, and not just in London

UK technology sectors continues to outpace rest of the economy, and not just in London

by • News, Technology

The UK’s digital technology sector continues to grow faster than the rest of the economy, according to the latest Tech Nation Report for 2018. Turnover of digital tech companies grew by 4.5 percent between 2016-17 compared to UK GDP which grew by 1.7 percent over the same period. This means that the tech sector grew at 2.6 times faster than the rest of the economy. At the same time the number of jobs in digital tech rose five times the rate of the rest of the economy, demonstrating how the digital tech sector is one of the best performing sectors in the UK economy. 2017 proved to be an amazing year for the UK digital tech sector with some of the biggest fundraisings and exits seen in years, as international investors flocked to fund UK-based firms, according to the report. British digital tech companies raised £4.5bn in venture capital investment during the year, almost double the previous year.

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Bosses warned about major leadership changes in a tech-driven economy

Bosses warned about major leadership changes in a tech-driven economy

by • News, Technology, Workplace

Bosses warned about major leadership changes in a tech-driven worldWith companies holding ever greater amounts of data and facing heightened scrutiny through social media, employers need to consider the wider implications of their business decisions. This was the message of the President of the Chartered Management Institute (CMI), who has warned business leaders and students in Birmingham of the challenges facing bosses in the rapidly evolving tech and data-driven economy. Speaking at the annual MacLaren Memorial Lecture at Aston University, Bruce Carnegie-Brown told the 200-strong audience that the digital revolution is having a transformative effect on the priorities of business leaders, which pose new management challenges. “The growth of social media has made an invaluable contribution in democratising the control of information, he said by, “increasing transparency through universalising access to data and doing it in real time”. Carnegie-Brown, who is also the chairman of Lloyd’s of London, added: “With information more accessible than ever before, those that own or collect data find themselves with huge amounts of power – both social and commercial. But with great power comes great responsibility and balancing these two forces is the greatest leadership challenge of today’s generation of business leaders.”

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Use of tech in the evening linked to sleep disruption and a range of serious mood disorders

Use of tech in the evening linked to sleep disruption and a range of serious mood disorders

by • News, Technology, Wellbeing

People should not use their laptops and mobile phones in the evening if they want to avoid sleep disruption and a range of mood disorders, including depression, claims new research from the University of Glasgow. The largest study so far into the link between disrupted body clocks and mood disorders and wellbeing has been published in the journal Lancet Psychiatry. The research into the behaviour of 91,000 people shows that disrupted body clock rhythms are associated with increased susceptibility to depression, bipolar disorder, and adverse wellbeing. According to the study, disturbances to the body’s internal clock, characterised by increased activity during rest periods and/or inactivity during the day, are also associated with mood instability, more subjective loneliness, lower happiness and health satisfaction, and worse cognitive function.

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People like to hold on to their smartphones even when not using them

People like to hold on to their smartphones even when not using them

by • News, Technology, Wellbeing

A large number of people walk around with their smartphones in their hands even when they are not using them, according to a new study. In the study, The Phone Walkers: A study of human dependence on inactive mobile devices, researchers  Laura Schaposnik and James Unwin at the University of Illinois at Chicago studied over 3,000 adult pedestrians at six city center locations in Paris. Just over half the pedestrians were female, with an average age of about 35. Of the total adults observed, 674 were phone walkers – just over a fifth of people. The researchers noted that there were significant differences between the sexes. In total, around 20 percent of men were phone walkers, compared with 33 percent women. However, phone walking was less common in mixed couples: just 18 percent.

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Artificial intelligence, robots and automation set to transform the office environment

Artificial intelligence, robots and automation set to transform the office environment

by • Features, Technology

In today’s highly digital landscape, tools like AI and machine learning were developed to significantly improve productivity in the workplace. But despite their existence, many companies still trail behind in terms of integrating AI in their office environments. In fact, an article on Workplace Insight previously noted that over a quarter of employers fail to provide staff with digital and flexible tools. Though it is predicted that the next couple of years will see businesses adapt to a human-and-machine environment, organisations still have a lot of catching up to do in terms of digital basics.

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Seven stories to get your week off to a flying start

Seven stories to get your week off to a flying start

by • Facilities management, Features, Technology, Workplace, Workplace design

Why great employees leave great cultures

Are flexible short term leases the new future?

Four mega-trends for the future of work

The revolution will not be transactionalised

Bjarke Ingels joins WeWork as Chief Architect

The road to automation, the joy of work, and the ‘Jen problem’

How Soho House transformed BBC Television Centre (registration required)

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