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UK continues to trail behind in business investment. Incoming government won’t solve that

UK continues to trail behind in business investment. Incoming government won’t solve that

A new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nationsA new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nations. The data indicates that for the third consecutive year, business investment in the UK has lagged behind its G7 counterparts. The nation also ranks 28th out of 31 OECD countries, trailing behind economies such as Slovenia, Latvia, and Hungary. More →

Generative AI could rewrite history, including that of the Holocaust

Generative AI could rewrite history, including that of the Holocaust

A UNESCO report published today warns that unless decisive action is taken to integrate ethical principles, AI could distort the historical record of the Holocaust and fuel antisemitismA UNESCO report published today warns that unless decisive action is taken to integrate ethical principles, AI could distort the historical record of the Holocaust and fuel antisemitism. The report cautions that not only can Generative AI enable malicious actors to seed disinformation and hate-fueled narratives, but it can also inadvertently invent false or misleading content about the Holocaust. More →

We need to stop paying lip service to the issue of workplace wellbeing

We need to stop paying lip service to the issue of workplace wellbeing

Many people feel their employers are guilty of ‘wellness washing’, the practice of paying lip service to wellbeingIn the wake of Mental Health Awareness Week last month, now is a brilliant opportunity to take stock of impactful employee wellbeing initiatives. Many people feel their employers are guilty of ‘wellness washing’, the practice of paying lip service to wellbeing. However, the benefits of impactful wellbeing initiatives are clear – 89 percent of employees who have wellness programmes at work report being more engaged and happy within their roles. Taking a subjective approach by catering to employees’ needs can be transformational for employee satisfaction and, in turn, boost retention. More →

We only have to look at the natural world to boost our mental health

We only have to look at the natural world to boost our mental health

A new study shows that you don’t have to actually be in nature to reap the reward to your mental healthIt is becoming increasingly clear that spending time in nature can benefit our mental health and wellbeing. But a new study shows that you don’t have to actually be in nature to reap the rewards. Simply directing your gaze towards natural elements, even in the middle of a city, can enhance wellbeing. Our paper, published in the journal People and Nature, used eye-tracking technology to explore how focusing on natural versus man-made elements affects mental health. More →

GenAI is already driving down demand for freelancers

GenAI is already driving down demand for freelancers

New research from Imperial College, Harvard and the German Institute for Economic Research looks at the impact of GenAI technologies on the demand for freelance creative professionals The demand for freelancers working in writing, and coding related jobs has dropped by 21 percent since the launch of ChatGPT in November 2022, according to new research by Imperial College Business School, Harvard Business School and the German Institute for Economic Research. This research paper, Who is AI Replacing? The Impact of Generative AI on Online Freelancing Platforms, looks at the impact of GenAI technologies on the demand for creative professionals who work on an hourly basis for different clients. More →

Forget Cannes. Commercial property sector hits the North to great effect

Forget Cannes. Commercial property sector hits the North to great effect

Away from London and Cannes, the commercial property sector is holding meaningful forward looking conversationsAn hour or two on the train from that part of the UK that gets talked about most and much better optics for local authorities to chase private investment than the South of France, little wonder the UK’s Real Estate Investment and Infrastructure Forum (UK REiiF) proved so popular this year. Over 13,000 attendees descended on Leeds for three days in May this year, a figure all the more remarkable when considering the event only started in 2022 with nearly 4000 attendees, which it nearly doubled the following year. Back to 2024 then and housing was a strong focus but that’s not to say some interesting stories from the commercial property sector didn’t also arise. More →

A brief history of the future of work

A brief history of the future of work

The future of work has always existed but never arrives. It is best seen as a way of thinking about current and emerging issues The past few years and our current predicaments should serves as a reminder of that tragic, unchangeable feature of the human condition, best expressed by Kierkegaard, that we are doomed to live our lives forwards but only understand them backwards. Retrospect is particularly important when we look back on sudden, large changes that knock us off our normal path. It’s important to remember this as we continue to grapple with the nature of the present and future of work in the wake of the pandemic. More →

MIT professor pours cold water on the prevailing hype about AI and the economy

MIT professor pours cold water on the prevailing hype about AI and the economy

A study by MIT economist Daron Acemoglu appears to challenge the prevailing optimism surrounding artificial intelligence (AI) and its economic impactA study by MIT economist Daron Acemoglu appears to challenge the prevailing optimism surrounding artificial intelligence (AI) and its economic impact. While many experts predict a future fuelled by AI-driven productivity booms and reduced inequality, Acemoglu’s research paints a more cautious picture. His findings suggest that AI’s impact on productivity and inequality may be far less dramatic than anticipated, and could even exacerbate the gap between the rich and the poor. More →

Not luddite dinosaurs but the sensible voice of caution on AI. And you need to listen

Not luddite dinosaurs but the sensible voice of caution on AI. And you need to listen

In my line of work, it is easy to get away with not being au fait with technology. Having previously laughed off my ineptitude saying ‘there’s a reason I work with people not machines!’ I never considered I had a place in the realm of all things IT and computers. Until I discovered AI. More specifically, Deep Neural Networks. With a specialism in Neuropsychology, I was intrigued by a discipline that aimed to recreate that which we barely understand; the human brain. One of my favourite (and most frustrating) realisations when I began studying more than twenty years ago, was that I could dedicate myself to learning about the human brain 24/7 for the rest of my life… and still barely scratch the surface. Yet here was an AI community telling me they could recreate it. I was beyond intrigued and so began my unexpected delve into the world of all things machine learning and I haven’t looked back. More →

Two-fifths of people have their time at work strictly monitored

Two-fifths of people have their time at work strictly monitored

A controlling and inflexible leadership style is making UK employees feel powerless and devalued, according to a poll. The findings suggest that 41 per cent of U.K. employees have their working time strictly monitored with 39 per cent admitting that leaders are always watching whether they’re on task during work hours. Around 53 per cent say they are given freedom in how they accomplish their work, and when workplace flexibility is provided, it’s all too often given to a limited number of job roles or ‘favourite employees’. More →

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

The Great Resignation is over. That’s according to the latest Labour Market Outlook report from the CIPD, as reported by Workplace Insight. But we could have told you this was simply a post-Covid correction in any case. Data from the report shows 55 percent  of employers are looking to maintain their current headcount, while analysis of turnover from the ONS Labour Force Survey points to lower staff attrition in 2024. Declining staff turnover is being dubbed The Big Stay. More →

The Furniture Makers’ Company announces Design Guild Mark 2024 holders

The Furniture Makers’ Company announces Design Guild Mark 2024 holders

Innovation of materials, creativity and sustainability are at the forefront of British design as 16 outstanding submissions, from three categories, are awarded the coveted Design Guild Mark in 2024, with three receiving the additional accolade the Jonathan Hindle Prize. The Design Guild Mark is a non-profit award programme that was established in 2008 by The Furniture Makers’ Company to raise the profile of British industrial design and to recognise excellence in this discipline. Over time the Mark has grown from just Furniture to include categories for Interior Design Elements, and Lighting. More →