Search Results for: business

Small businesses are aware of benefits of using AI, but don’t know where to start

Small businesses are aware of benefits of using AI, but don’t know where to start

by • AI, Business, News

According to a new poll from hiring platform Indeed, around a third of small businesses are scared to implement AI, despite acknowledging the many apparent benefits of doing soAccording to a new poll from hiring platform Indeed, around a third of small businesses are scared to implement AI, despite acknowledging the many apparent benefits of doing so.  According to Indeed’s survey of 1,000 business leaders at British small businesses, 41 percent of small firms want to integrate the technology into their business, but don’t know where to start. This paralysis means that small businesses – which make up  over 99 percent of the nation’s total businesses – are missing out on improvements to costs, efficiency and overall work satisfaction that they themselves say it can bring about, the report argues. (more…)

Kusch+Co airport products enhance relaxation and business for millions of travellers

Kusch+Co airport products enhance relaxation and business for millions of travellers

by • Company news

With furniture found in over 260 international airports worldwide, Kusch+Co is a trusted name in airport seating and lounge solutions.Creating comfortable and stress-free environments for travellers has never been more crucial. Ensuring traveller relaxation is paramount. Kusch+Co is at the forefront of this effort, offering a range of products designed to enhance the airport experience and provide much-needed comfort for travellers. As a leader in furnishing travel environments, Kusch+Co has been instrumental in achieving this goal. Their furniture can be found in over 260 international airports worldwide, making Kusch+Co a trusted name in airport seating and lounge solutions. (more…)

Technology failures are a major headache for small businesses

Technology failures are a major headache for small businesses

by • News, Technology

A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK.A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK. According to the survey, nearly one-quarter (23 percent) of these businesses have experienced system glitches within the past year. These technical issues are proving costly for many SMEs, with 17 percent reporting that such problems have cost their business between £500 and £999 over the last 12 months. More alarmingly, 12 percent of SMEs have faced losses ranging from £2,000 to £3,999, while 7 percent have incurred staggering costs between £8,000 and £9,999 due to technology-related failures. (more…)

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…)

Working with AI drives innovation, but business leaders are sceptical

Working with AI drives innovation, but business leaders are sceptical

by • AI, News

Collaborating with AI increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO.Collaborating with artificial intelligence increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO. The survey also suggests that using AI to accelerate innovation rather than efficiency can increase growth by more than a third. In the study 1,000 business leaders answered a brief to design new products and services that could achieve both growth and sustainability objectives. Business leaders who received AI generated questions to help with ideation in response to the brief produced 56 percent more ideas, with a 13 percent increase in the diversity of ideas and a 27 percent increase in the level of detail compared to a control group who were not provided with artificial intelligence prompts.    (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…)

Businesses planning major investments into Generative AI to increase productivity

Businesses planning major investments into Generative AI to increase productivity

by • AI, News

firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact.A new report from Cognizant and Oxford Economics New Work, New World: Quantifying Global Gen AI Momentum suggests that firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact. Additionally, 76 percent of businesses say they are looking to leverage the technology to create new revenue streams, while 58 percent are incorporating revenue increases into their business cases. (more…)

A large pay gap between business leaders and staff is bad news for businesses

A large pay gap between business leaders and staff is bad news for businesses

by • News, Workplace

Employees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership rolesEmployees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership roles, a new study shows. The ‘vertical pay gap’ between leaders and other employees has been found to have risen markedly over the past five decades. (more…)

Understanding enterprise search software and its importance in the business landscape

Understanding enterprise search software and its importance in the business landscape

by • Company news

Businessman using enterprise search tool and talking on the phoneAs the digital landscape of business continues to expand, the ability to navigate vast repositories of information swiftly and accurately is no longer a luxury—it’s a necessity. In this article, we will explore the span of enterprise search, its central features, and the positive outcomes it ripples through an organization. Keep reading to understand how enterprise search software can transform your business processes. (more…)

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

by • Business, News

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…)

One of the main drivers for mums (and dads) to set up a new business is to cope with the school run

One of the main drivers for mums (and dads) to set up a new business is to cope with the school run

by • Flexible working, News, Wellbeing

around 9 in 10 working mums who started their own businesses did so to achieve greater control over when and where they workA survey published as part of National Women’s Enterprise Week suggests that around 9 in 10 working mums who started their own businesses did so to achieve greater control over when and where they work.  National Women’s Enterprise Week is an initiative that looks to empower and support female entrepreneurialism. The research, which surveyed 500 UK entrepreneurs, sets out to highlight the importance of flexibility and autonomy as people juggle managing work and family life amid rising childcare costs. (more…)

Third of businesses investing in GenAI, but employees increasingly concerned about redundancy

Third of businesses investing in GenAI, but employees increasingly concerned about redundancy

by • AI, News, Technology, Workplace

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOver a third of UK employers are bullish about AI investment despite serious workforce uncertainty. New research shows that 35.3 percent of employers are actively investing in GenAI while 40.4 percent plan to increase their use of the technology, to support the workplace, according to a new poll from SD Worx. The findings suggest there is a surprisingly buoyant business outlook for AI adoption at a time when the UK government begins to craft new legislation to regulate AI. The move on regulation comes as the competition watchdog expresses increased concerns about the industry. However, despite businesses betting big on AI investment, similar enthusiasm isn’t shared by employees, with 30 percent of UK workers fearing their roles will be made redundant as a result of GenAi. (more…)

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