Search Results for: business

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 →

People receive a phone notification every ten minutes on average

People receive a phone notification every ten minutes on average

A new study by musicMagpie claims to reveal the growing incidence of phone anxiety, particularly among younger people. It highlights a constant barrage of notifications with the average person receiving a 146 notifications daily, translating to one notification every ten minutes. However, so-called Gen Zs and Millennials were found to be significantly more affected than their Gen X counterparts. More →

Rigid return to office mandates and fixed places of work are backfiring

Rigid return to office mandates and fixed places of work are backfiring

A new study by Great Place To Work claims that forcing employees back to the office with so-called return-to-office mandates can have negative consequencesA new study by Great Place To Work claims that obliging employees back to the office with so-called return-to-office mandates and restricting their choice of work location can have negative consequences for the business. The report based on a survey of 4,400 US workers, claims to reveal a strong correlation between work location flexibility and positive employee experiences. Compared to those without a choice, employees with control over their work environment are three times more likely to want to stay with their company, and significantly less likely to become disengaged – a trend that has been referred to as “quiet quitting.” They’re also more likely to put in extra effort, foster good relationships with their managers, and feel their workplace fosters a healthy psychological and emotional environment. More →

Remote work overseas could lead to double tax for firms, employees and digital nomads

Remote work overseas could lead to double tax for firms, employees and digital nomads

The rise of remote work, fuelled by the pandemic, may serve up a hidden danger for employees. Accountants warn that employees who relocate abroad while working for a UK-based company could end up paying income tax in both countries, on top of social security contributions in their host nation. More →

Some questions about AI, a world drowning in content and the human centipede of creativity

Some questions about AI, a world drowning in content and the human centipede of creativity

 

We still don't even know what questions to ask about AI, so the idea we can provide answers is a bit premature

One unintended but welcome result of the new fixation with AI is that many of the people who became experts on the workplace in 2020 are now experts on AI. You’ll find them on social media and they’ll have written a book about it by May to sit on the shelf alongside the one about hybrid working and The Great Resignation. So, if you want some certainty about where generative AI taking us, go talk to one of them because people who know about the subject seem to have little or no idea or raise even more questions. More →

Looking forward to a whale of a time at Clerkenwell Design Week

Looking forward to a whale of a time at Clerkenwell Design Week

 

To celebrate this rich and diverse community, Clerkenwell Design Week will showcase the borough’s creative residents, alongside visiting brands and emerging design talentAs the majority of you will know, Clerkenwell is home to more creative businesses and architects per square mile than anywhere else on the planet, making it truly one of the most important design hubs in the world. And, for three days each May, it truly feels like it. To celebrate this rich and diverse community, Clerkenwell Design Week will showcase the borough’s creative residents, alongside visiting brands and emerging design talent. And we have a special show preview to help you get the best from it. More →

Bringing workplaces back to their prime requires a holistic approach

Bringing workplaces back to their prime requires a holistic approach

Enticing employees back to physical workplaces has proved challenging, but there are solutions writes Steve Elliott of BW Workplace Experts The pandemic radically changed the way we work and kick-started the proliferation of the hybrid model and widespread remote work. Now the picture has shifted once more, with headlines pointing to increasing return to the office policies introduced by organisations, with greater productivity and collaboration among their top reasons for doing so. Dubbed the year of the ‘Great Office Return’ by Virgin Media 02 Business Movers Index, 2023 saw four in ten companies mandating a return to the five-day office week and 92 percent enforcing some level of in-office requirement. However, enticing employees back to physical workplaces has proven challenging. According to CBRE, almost half of companies report their office attendance at 40 percent or under. More →

Major US firms scammed by massive North Korean remote work laptop farm

Major US firms scammed by massive North Korean remote work laptop farm

A massive remote work scam may have fooled hundreds of US companies into hiring North Koreans. US prosecutors have accused North Korean nationals of infiltrating over 300 US companies, including Fortune 500 giants using a so-called laptop farm. The elaborate scheme, facilitated by an American accomplice, allegedly saw millions of dollars funnelled back to the sanctioned nation. More →

Remote work boom creates risk of professional isolation, study finds

Remote work boom creates risk of professional isolation, study finds

Researchers from the US have concluded that remote work can make people feel isolated and at risk of burnoutWhile the pandemic ushered in a wave of remote work with benefits for both employers and employees, a new study warns of a hidden risk: professional isolation. Researchers from Colorado State University found that remote employees experiencing isolation reported feeling less engaged and more depleted at work, potentially leading to burnout. The study published in the Journal of Business and Psychology, surveyed 445 participants across two points in time. It measured professional isolation, schedule flexibility, and the level of support supervisors provided for work-life balance.

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Government announces new digital hub for Manchester

Government announces new digital hub for Manchester

Manchester is poised to become a major player in the digital government landscape following a significant land deal announced this week. The Government Property Agency (GPA) has exchanged contracts with Manchester City Council (MCC) to acquire five acres of the former Central Retail Park in Ancoats, paving the way for the construction of the Manchester Digital Campus. More →

This new mobile router might be your answer to work on the go

This new mobile router might be your answer to work on the go

NETGEAR appears to have raised the bar for work on the go with the introduction of the Nighthawk M6 Pro 5G WiFi 6E Mobile Router (MR6450)NETGEAR appears to have raised the bar for work on the go with the introduction of the Nighthawk M6 Pro 5G WiFi 6E Mobile Router (MR6450). This powerhouse device delivers unprecedented speed and reliable connectivity, making it the perfect companion for homes, businesses, and on-the-go professionals. Gone are the days of sluggish internet and unreliable connections. The Nighthawk M6 Pro leverages the power of 5G technology, boasting download speeds of up to a remarkable 4Gbps. That’s faster than most home internet plans, allowing you to stream 4K content, download large files, and participate in video conferencing – all with flawless smoothness. More →