January 22, 2019
Business leaders lack ethical insight needed to get the best out of AI
Although executives have high expectations for the impact that AI will have on their businesses according to Cognizant’s new report, ‘Making AI Responsible – and Effective, only half of companies have policies and procedures in place to identify and address the ethical considerations of its applications and implementations. The study analyses the responses of almost 1,000 executives across the financial services, technology, healthcare, retail, manufacturing, insurance and media & entertainment industries in Europe and the US. The research suggests that business leaders are positive about the importance and potential benefits of AI. Roughly two- thirds (63 percent) say that AI is extremely or very important to their companies today, and 84 percent expect this will be the case three years from now. Lower costs, increased revenues and the ability to introduce new products or services, or to diversify were cited as the key advantages for the future.
There was a record-breaking rate of take-up within the regional office occupier markets outside of London and the South East in 2018, with few signs of Brexit-related uncertainty, according to an analysis by CBRE. Across the ten regional cities monitored by CBRE, provisional analysis shows that overall take-up reached nearly 7.3m sq ft. This level was 16 percent above the five-year average and 6 percent higher than 2017, the previous record-breaking year. The majority of regional office demand has again been driven by the business and professional services sectors. 2018 saw record take-up from flexible office operators across the UK, representing the leading portion of business services take-up. This was the year the co-working revolution surged into regional cities. Birmingham, Bristol and Glasgow were all stand out expansion locations. With more demand from flexible workspace operators – both from established and new entrants, further expansion is anticipated in 2019 albeit at a further pace as markets become more saturated.
Half of employees say that their working environment has a negative effect on their mental health (51 percent) and wellbeing (49 percent) and two-thirds (67 percent) say that they only ‘sometimes, rarely or never’ feel valued at work. The research by Peldon Rose shows that two-thirds of employees (64 percent) currently have poor or below average mental wellbeing and that the majority (56 percent) claim increasing workloads, followed by a lack of time to focus on wellbeing and exercise (46 percent) are the leading causes of their stress. While half of employees think introducing exercise facilities will help them to better tackle their workplace stress (50 percent) – less than a fifth of workplaces (16 percent) currently provide these facilities, something employers should consider when looking to boost the morale of their workforce.
New research has found that over 2 million UK workers think about quitting their job every day and this figure was significantly higher amongst younger workers, aged 18-24, with 12 percent of those surveyed stating they think about this daily. The research by CABA, a charity supporting the wellbeing of chartered accountants and their families, also highlighted that 38 percent of employees regularly encountered stressful situations at work. Women were most likely to feel this way, with 41 percent revealing they deal with stressful circumstances at least once a week. Comparatively, only 34 percent of male employees admitted to encountering such situations on at least a weekly basis. Many factors were cited as contributing to employees feeling stressed, including unrealistic expectations and unmanageable workloads. Regardless of how it manifests itself within the working environment it can have a negative impact on employee wellbeing, with over 1 in 10 (12 percent) missing at least 52 family events or personal commitments each year.
