Search Results for: big data

Firms are betting big on the impact of AI on their business

Firms are betting big on the impact of AI on their business

by • AI, News

 

Big AI bets are being made globally with nearly one in 10 businesses spending over $25m this year on AI initiativesA new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and Chief Digital Officers – at organisations with at least $500 million in revenue. The research examines some of the biggest trends, successes, and challenges facing businesses in their artificial intelligence decision-making, strategy, and execution. More →

Cybersecurity and AI are biggest threats to business, say HR leaders

Cybersecurity and AI are biggest threats to business, say HR leaders

by • AI, News, Technology

New research from BT claims there is widespread anxiety among business leaders in the HR sector regarding the pace of technological change. In fact, 96 percent of HR company directors and executives report suffering from ‘bytemares’ – tech-related stress that’s severe enough to disrupt their sleep – with cybersecurity and AI coming up as the main sources of anxiety. With 74 percent of leaders in the sector agreeing that tech transformation is critical to the survival of their business, tackling this tech anxiety could result in a significant contribution to the growth of both the HR sector and the wider economy. 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 

by • Comment, Workplace

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 Great Resignation has given way to The Big Stay, says the CIPD

The Great Resignation has given way to The Big Stay, says the CIPD

by • Flexible working, News, Workplace

The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed.The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed. Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows, according to the CIPD’s latest Labour Market Outlook report. The survey shows more than half (55 percent) of employers are looking to maintain their current staff level – the highest level since winter 2016/17. The CIPD’s new report, based on a quarterly survey of 2,009 employers, also cites data from the ONS vacancy survey and analysis on turnover from the Labour Force Survey, with all indicators pointing to lower staff attrition in 2024 and trends returning to pre-pandemic levels. More →

The three biggest disruptors of our time

The three biggest disruptors of our time

by • AI, Business, Comment, Environment, JB, Technology

When we look at the context for change, we many times just look internally at what we think needs to change for whatever reason and then set about making that happen. Rarely do we think about what is going on for the people within the organisation and just how ready they and the organisation itself are for the actual change and the disruptors that underly it. Are there the right people, systems, processes, etc in place to support the change or are there a number of elements that will hinder it?  Not to mention the fact there will be a number of external elements that could and will also either help or hinder the change one way or another. More →

Majority of firms lack the data to make ‘return to office’ decisions

Majority of firms lack the data to make ‘return to office’ decisions

by • Flexible working, News, Technology

80 percent of the same executives confess that they would have approached the so-called return-to-office differently, if they had access to accurate data.A new survey from Envoy, which polled over 1,100 company executives and workplace managers across five leading industries, explores how these two groups of leaders use data to make smarter, more informed decisions about their workplaces.  It suggests that the world’s leading companies are struggling to confidently report what’s happening in their workplaces. The problem is the lack of accurate, easy-to-use data. 52 percent of executives admit not being able to make a critical workplace decision because they lacked the necessary data to assess operational and real estate needs. Furthermore, 80 percent of the same executives confess that they would have approached the so-called return-to-office differently, if they had access to accurate data. More →

To boost productivity in the UK, we need to think big and different

To boost productivity in the UK, we need to think big and different

by • Comment, Technology

olicymakers, businesses, and society must recognise the importance of productivity and collaborate to implement the necessary reforms and initiatives to unlock the country's full economic potentialThe decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. More →

Majority of people are overwhelmed by data at work

Majority of people are overwhelmed by data at work

by • News, Wellbeing, Working lives

overwhelmedPeople in the UK feel overwhelmed by the amount of data available to them when making critical decisions at work, according to a new study by Oracle NetSuite. The study, which includes insights from 2,000 people across the UK, France, Germany, Italy, Spain, Benelux, Nordics and the Middle East, claims that while people believe they have the data to be successful, they are overwhelmed by data quantity and plan to turn to a robot or machine to assist in the decision-making process during the next 12 months. More →

Almost all organisations have suffered insider data breaches

Almost all organisations have suffered insider data breaches

by • News, Technology

data breachesEgress’ Insider Data Breach Survey 2021 claims that 94 percent of organisations have experienced insider data breaches in the last year. Human error was the top cause of serious incidents, according to 84 percent of IT leaders surveyed. More →

Over a third of IT leaders state their remote workers have knowingly put corporate data at risk

Over a third of IT leaders state their remote workers have knowingly put corporate data at risk

by • News, Technology, Working culture

remote workersMore than a third (35 percent) of UK IT decision makers admitted that their remote workers have already knowingly put corporate data at risk of a breach in the last year according to an annual survey – conducted by Apricorn. This is concerning given that over one in ten surveyed IT decision makers also noted that they either have no control over where company data goes or where it is stored (15 percent) and their technology does not support secure mobile/remote working (12 percent). More →

Data is changing the role of the workplace and HR

Data is changing the role of the workplace and HR

by • Comment, Property, Workplace

Business leaders have been heavily dependent on HR, real estate, and technology functions working together to help their organisation adapts to this new world of work during the pandemic. Ensuring personal safety, promoting wellbeing, encouraging collaboration, and maintaining efficient service delivery will never be more important than in the coming months. The challenge facing CRE leaders is how to advise on the appropriate range of workspaces and hygiene standards to allow organisations and their people to thrive, and how to cut through the complexity of accessing and interpreting data to achieve this. More →

Curiosity killed the stat: why we should avoid becoming slaves to data

by • Comment, Technology, Workplace design

Hands up. How many of you spend much/most of your time peddling data, charts and other fact-based information? And how much time do you spend challenging yourself, learning new ideas, indulging your curiosity and feeling a sense of surprise and fulfilment? And finally how much of the inquisitive, itchy child do you feel your job appeals to rather than the “only- 30-more-years-of-wage-slavery-if-I’m-lucky” mindset?

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