Search Results for: cyber

New report highlights potential of technology to wipe out jobs and businesses

New report highlights potential of technology to wipe out jobs and businesses 0

Unregulated technological progress is one of the greatest threats to global prosperity, peace and stability, claims a new report from the World Economic Forum. The WEF’s Global Risks Report, published before 3,000 business leaders and politicians gather for its annual conference in Davos, claims that regulation is trailing far behind technological innovation and that without action, it could lead to the destruction of untold jobs and businesses and catalyse major social upheaval. Economic inequality, societal polarisation and intensifying environmental dangers are the top three trends that will shape global developments over the next 10 years, the World Economic Forum’s Global Risks Report 2017 claims. The report says that collaborative action by world leaders will be urgently needed to avert further hardship and volatility in the coming decade.

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New BIM initiative announced as report slams dysfunctional construction sector

New BIM initiative announced as report slams dysfunctional construction sector 0

slide-image-3Digital Built Britain, the latest stage of the UK’s BIM Task Group programme, has officially been launched at the ICE BIM 2016 conference by Mark Bew, chair of the BIM Task Group. The launch comes in the wake of the publication of the Government commissioned Farmer Report into the state of the construction industry which laid out in stark terms the structural problems that suggest the sector risks terminal decline without innovation and cultural change. The report, subtitled Modernise or Die, suggests that the UK’s construction industry faces ‘inexorable decline’ unless longstanding problems are addressed. In particular, the review highlights the sector’s dysfunctional training model, its lack of innovation and collaboration, and a non-existent research and development (R&D) culture. First announced in the 2016 budget, Digital Built Britain aims to deliver reductions in the whole-life costs and carbon emissions of buildings, while improving productivity and capacity by using intelligent building information models, sensing technology and secure data and information infrastructure.  Digital Built Britain will also continue the work of the BIM Task Group programme, set up in 2011 to deliver a projected 20 percent saving on the costs of major projects.

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Small businesses failing to reap full benefits of digital skills

Small businesses failing to reap full benefits of digital skills 0

DigitalSmall businesses in the UK are failing to invest enough in digital skills even though there is clear link between digital orientation and commercial success, according to Lloyds Bank’s third annual Business Digital Index. The reports key finding is that firms with a string digital focus are twice as likely to see an increase in turnover than those that aren’t. The report also found that 65 percent of small business owners in the UK have already used digital tools to cut costs. On the down side, the study also found that 38 percent of small firms lack “basic digital skills”. The report claims that independent sole traders have the lowest levels of digital skills with around half having just basic levels of expertise. Despite this, over three quarters (78 percent) of these had no plans to invest to increase the levels of expertise in their business. The study gauged five factors that contribute to a firm’s digital skills score including managing information, communicating, transacting, creating and problem solving, with 62 percent of small businesses were found to have all five skills.

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London office sector still recovering from Brexit shock

London office sector still recovering from Brexit shock 0

Wells Fargo move to West EndAlthough the UK economy has shown a measure of resilience post referendum, take-up in the key London office market, although still on a quarter to quarter rise of 34 percent, is 7 percent below its long term average. According to the latest London Office Snapshot from Colliers, transactions were largely boosted by major deals to Apple (500,000 sq ft) and Wells Fargo (220,000 sq ft), with both deals for new headquarters buildings, in Battersea and the City core respectively, being a major vote of confidence for London. In the City, the level of take-up demonstrated some positivity as it rose by 8 per cent quarter on quarter, though the quarterly take up is still 26 percent below average. Though pre-letting activity was healthy, doubling quarter on quarter, West End take-up was disappointingly subdued in the third quarter, falling further from the already sharply below trend Q2 total. Encouragingly, a number of deals that were seemingly ‘mothballed’ post referendum have now been concluded, albeit at marginally lower price points.

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Corporate real estate sector needs to step up to meet new challenges

Corporate real estate sector needs to step up to meet new challenges 0

US corporate real estateThe corporate real estate profession will be influenced, disrupted and transformed in the years ahead by a powerful combination of forces that are re-shaping business strategy and operations, consumer preferences, and how and where people want to live and work, according to a new report from CoreNet Global. The Bigger Picture: The Future of Corporate Real Estate draws on the expertise of more than 30 thought leaders to provide insights from multiple perspectives beyond CRE: technology and the internet of things; risk mitigation; cyber security; environment, energy and sustainability; corporate social responsibility; the global economy; people, talent, wellbeing; and the future of cities. The report argues that CRE must deliver greater value in this dynamic business environment and a world that is changing rapidly, is more interconnected than ever before, is constantly disrupted by technological innovation, and is replete with both risks and opportunities.

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Ageing workforce requires employers to better address skills gaps

Ageing workforce requires employers to better address skills gaps 0

Three day working weekThe Government’s 2016 Working Futures report revealed that the total number of jobs in the UK is expected to rise by 1.8 million between 2014 and 2024, while the working age population (16-64) is expected to increase by half this amount. Now a policy event being held in London by the Westminster Employment Forum will draw attention to the growing challenge faced by business leaders as the UK workforce continues to age. According to figures from the CIPD, 9.4 million people in employment in the UK are over the age of 50, equivalent to over 30 per cent of the workforce. The Open University is advising that, with employees staying in work longer, business leaders need to ensure that workers have the right access to education and the skills to remain competitive and productive at all stages of their careers. Ageing Workforce in the UK, will explore what steps need to be taken in order to adapt to this demographic shift.

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Britons now looking forward to a world of robots, chatbots and virtual reality

Britons now looking forward to a world of robots, chatbots and virtual reality 0

ChatbotContrary to the idea of the damaging effects of new technologies on jobs and cyber security as suggested in research published last week on the use of robots in the workplace, new research suggests that people in the UK are happy at the prospect a domestic droid or cyber assistant. The research by advertising agency J. Walter Thompson into the consumer market found that; 74 per cent agree that technology puts them in control; more than half (54 percent) are open to delegating some of their decision making; two thirds (64 percent) like the idea of using technology to get a better understanding of who they are as a person and 74 per cent say that they are more likely to buy a product that has been customized to their specifications. The study also found that half (54 percent) of the 4,500 people surveyed are open to delegating some of their decision making such as making appointments.

Government talks a good game on technology, then fails to deliver

Government talks a good game on technology, then fails to deliver 0

Darts missLast week, the UK Cabinet Office Minister Matt Hancock delivered a speech to the Institute of Directors, outlining details of the government’s Cyber First programme which aims to develop the skills needed to address the security threats posed by the digital revoluution. The speech was full of the usual stuff about the ‘interconnected world’. It even suggested at one point that the UK has ‘one of the most digitally advanced governments in the world’. Recent developments would suggest that this is slightly wide of the mark, to put it mildly. According to a February report from the regulator Ofcom, the UK’s broadband infrastructure continues to lag behind other countries, held back by BT’s characteristically inept and self-serving monopoly of cable infrastructure. Now the government has confirmed it scrapped its flagship mobile infrastructure project which set out to reduce the number of ‘not spots’ in the country.

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Coworking goes mainstream + Sit stand working + Future for tech offices

Coworking goes mainstream + Sit stand working + Future for tech offices 0

Insight_twitter_logo_2In this week’s Insight newsletter; Mark Eltringham analyses the impact of the sit-stand movement and suggests that the I-phone is a very isolating piece of equipment; Georgi Georgiev says remote work is no longer just a freelancer’s game; and Paul Goodchild explains why co-working is shaping office design more than you’d imagine. A new report outlines the key future property trends for TMT workplaces; parents are at greater risk of burn out as they strive for work life balance; fewer than one in ten (8 percent) of UK organisations currently have a standalone wellbeing strategy; the positive benefits of active work are revealed and the UK’s CEO’s worries about cyber-risks. Download the latest issue of Work&Place and access an Insight Briefing produced in partnership with Connection, which looks at agile working in the public sector. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Human error remains the leading cause of data loss for UK organisations

Human error remains the leading cause of data loss for UK organisations 0

human-errorNew research suggests that human error is still the leading cause of data loss for UK organisations. According to the study from technology security firm Databarracks, based on responses from 400 IT decision makers, around a quarter (24 percent) of organisations admitted to a data loss caused by a mistake by employees over the last twelve months. Other high-scoring causes of data loss included hardware failure (21 percent) and data corruption (19 percent). Perhaps surprisingly, only a little over half of respondents (55 percent) had a specific disaster recovery plan in place and another 15 percent intended to create one over the next twelve months.  This is in spite of the fact that a quarter (25 percent) of those surveyed admitted they had been subject to a cyber attack in the preceding year. As we reported this week, such attacks now cost the UK some £200 billion each year.

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Does declining productivity spell the end for IT and property directors?

Does declining productivity spell the end for IT and property directors?

property directorsWhen it comes to increasing organisational output, which in turn directly relates to real wage growth and higher living standards, the only determinant is productivity, measured in terms of output per hour worked. This is at the heart of all businesses and is essential for growth. The basic facts on productivity are clear. For over a decade, productivity has been painfully weak across all the major economies. The UK has performed particularly badly, with productivity having declined by 3.7 percent since 2008. A recent OECD report went as far as saying: “weak labour productivity since 2004 has been holding back real wages and well-being. The sustainability of economic expansion and further progress in living standards rest on boosting productivity growth, which is a key challenge for the coming years”.

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Job automation seen as a key digital challenge in new policy report

Whichever party or coalition forms the next UK Government will face a raft of serious challenges with the emerging digital economy, including making plans for the automation of up to a third of existing jobs. That is the main conclusion of a new report published this week by The House of Lords. Make or Break: The UK’s Digital Future, argues that the next 20 years will present the UK with a range of profound challenges and opportunities and it is incumbent on the Government to address them at the earliest opportunity. As well as imminent and well known  issues such as the need to roll out ultrafast broadband countrywide and the development of skills and digital clusters, the report also highlights the particular issue of what to do about the claim that up to 35 percent of jobs over the next two decades will be automated.

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