Search Results for: workplace transformation

Fostering creativity within organisations through space and culture

Fostering creativity within organisations through space and culture

In organisations around the world, hierarchical structures are breaking down, replaced by deeply interconnected, constantly shifting networks, linked by innovative technology. Meanwhile, huge leaps forward in artificial intelligence promise to fundamentally change the nature of work, either by enhancing or replacing human-beings. Research by McKinsey suggests that half of today’s work activities could be automated by 2055, with repetitive and process-based roles the first to go. For employees, this looks likely to mean a greater focus on creative skills, where humans retain an advantage. These skills are not restricted to being purely artistic, as creativity describes the process of problem-solving in a new way. The rise of creativity is also being driven by new generations entering the workplace with different demands and expectations than those before them.

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Digitisation means traditional working day no longer a reality for CEOs

Digitisation means traditional working day no longer a reality for CEOs

Digitisation means traditional working day no longer a reality for CEOsThe rise of data and digitisation has led to the demise of the traditional working day for many CEOs, with a third now checking business analytics first thing in the morning and last thing before they go to bed. This peaks at 54 percent among 25-34 year olds but drops to just 5 percent for leaders over 45, who are much more fixed to their desk. According to the research by Domo (registration required), 80 percent of these leaders prefer to wait until they are in the office to check in. Three quarters (71 percent) of CEOs across the UK and Ireland believe their business could be at risk from current blind spots in data access and skills, however, there is another demographic split. 84 percent of CEOs age 25-34 said it could be a risk, compared to just half of over 55s.

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Business leaders agree that organisations must be digitised to compete

Business leaders agree that organisations must be digitised to compete

Over two thirds (67 percent) of business leaders agree their company must become significantly digitalised by 2020 to remain competitive, and they are looking for HR leaders to lead the transformation. This is according to Gartner, Inc whose latest research suggests that CEOs are sharing their focus on digitalisation with their investors; with mentions of “digital” on earnings calls increasing by 20 percent year-over-year since 2010. CEOs are seeking ways to keep costs down while achieving gains in efficiency and productivity, and the HR function is expected to lead digital transformation efforts across their organisations. (more…)

Commercial property uptake shows finance sector remains committed to London

Commercial property uptake shows finance sector remains committed to London

Undeterred by political and economic headwinds in recent years, London remains a world leading financial centre and is by far the most active centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. The industry contributed £119bn to the national economy (7% of UK GDP) – half of this was generated by London, where it accounted for 14 percent of the city’s economic output.

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Nearly a quarter of London office take up is in financial sector, says CBRE

Nearly a quarter of London office take up is in financial sector, says CBRE

Nearly a quarter of London office take up in financial sector, says CBREDespite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. (more…)

Leaders need to rethink work to get the most out of AI and automation

Leaders need to rethink work to get the most out of AI and automation

Leaders need new tools to increase automation in their organisations, says Ravin Jesuthasan, Managing Director at Willis Towers Watson, in a new book. Reinventing Jobs: a 4-step approach for applying automation to work, co-authored with John Boudreau, presents a four-step framework to give leaders a systematic process for applying new automation to work, supported by dozens of case studies from around the world.

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Learning to learn will be key skill in new world of work

Learning to learn will be key skill in new world of work

A joint report by the Secretariat of the All Party Parliamentary Group on AI, Big Innovation Centre, and professional services firm KPMG has been published, identifying the key skills individuals and organisations will need if they are to survive and thrive in the unfolding future. The report finds that jobs in the labour market of the future will look very different from today and the transformation is likely to be dramatic. It also calls for companies and governments to equip citizens and employees for that future, to help them learn the new skills needed to be relevant in a world of constant transformation.

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Shift to agile working held back by ageing technology

Shift to agile working held back by ageing technology

The digital transformation of organisations and a shift to agile working is being held back by a reluctance to invest in new technology, according to a new report from Citrix and Capita.  The Workplace agility report claims that legacy applications are delaying digital transformation of the entire organisation for more than half of respondents (56 percent) of the 200 CIOs who took part in the study. The report also claims that the inability to introduce new tech also restricts the uptake of new ways of working and the creation of agile working environments.

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A changing world with inbuilt human obsolescence defines first day of CoreNet Global

A changing world with inbuilt human obsolescence defines first day of CoreNet Global

The  forces that are changing the world, from AI and the current digital and technological transformation, to the short and long-term implications of Brexit, provided many of the key lessons during the first day of the CoreNet Global Summit in Madrid.

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British Property Federation announces plans to modernise commercial property sector

British Property Federation announces plans to modernise commercial property sector

The British Property Federation (BPF) has launched a Technology and Innovation programme for the UK commercial property sector – to support the sector in its digital transformation – following the Government’s challenge to all sectors of the economy to improve productivity and deliver growth. The programme is launched with the publication of a new report produced by Future Cities Catapult, commissioned by the BPF, to understand the barriers to and opportunities for improving the productivity of the real estate sector through the application of technology.

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Digital Board could help Local Authorities deliver smart initiatives

Digital Board could help Local Authorities deliver smart initiatives

Digital Board could help Local Authorities deliver Smart initiativesLocal authorities, which are on the front line of implementation when it comes to smart, place-based digital initiatives could be helped to deliver positive, sustainable citizen outcomes for their locality with the formation of a Digital Board – a new report claims. Launched at techUK’s Local Gov Transformation: Creating smart places event, What makes a ‘good’ Digital Board? draws upon the expertise of techUK industry members and public sector stakeholders to guide local authorities through building a stronger understanding of digital, data and technological solutions into decision-making levels by establishing and maintaining a good Digital Board. (more…)

New report aims to debunk myth that AI will be intrinsically bad for people at work

New report aims to debunk myth that AI will be intrinsically bad for people at work

The latest report that claims to debunk the myths surrounding AI in the workplace arrives from Tata Communications who worked with academics at UC Berkeley to interview 120 business leaders about their attitudes to AI. The report, AI and the Future of Work (registration required) claims to shift ‘the conversation from dystopian fears toward human collaboration and cognitive diversity, the study identifies how AI can diversify human thinking rather than replace it. The study identifies opportunities for businesses and employees based on insights from leaders such as Tony Blair, Executive Chair of the Institute of Global Change and former UK Prime Minister, who predicts that, AI will allow us to do what it is that we are uniquely meant to do: focus on high-level thinking, strategy, and paving the way for innovation.’

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