Search Results for: economy

Fears about impact of AI now widespread

Fears about impact of AI now widespread

by • News, Technology

A significant proportion of the global population is concerned about the use of artificial intelligence (AI), with scepticism about its use by business greater than its use by government, a poll published by the World Economic Forum suggests. According to the poll, which surveys the attitudes of over 20,000 people across 27 countries, 41 percent of respondents said that they were worried about the use of AI. This compares to 27 percent that disagreed and 32 percent that were undecided. When asked whether the use of AI by companies should be regulated more strictly than it is today, 48 percent of respondents said they agreed compared to 20 percent that disagreed. (more…)

We are running out of time to find the meaning of work

We are running out of time to find the meaning of work

by • Comment, Flexible working, Technology, Wellbeing, Workplace design

Last week’s report from the IFS detailing the ongoing rise in the numbers of working poor in the UK highlights just how dysfunctional work can be in the modern era. While depictions of work in the media tend to consist of diverse Millennials clustering around a single laptop in the sun-dappled offices of tech firms, or chilling on the Chesterfield in a coworking space, the reality for many people is somewhat different. (more…)

Jobs upheaval as world adapts to era of automation

by • AI, News, Technology

A new report from the Economist Intelligence Unit and UiPath claims that organisations around the world currently making extensive use of automation technologies, with 67 percent of UK business executives claiming to be satisfied satisfied with the results of their automation initiatives, 48 percent describing their organisation’s progress with automation as advanced, and 73 percent expecting their company’s operating costs to improve as a result of automating business processes. It is published on the same day as another report suggests that up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, replaced by a range of new jobs. (more…)

Tech laggards face extinction unless they innovate

Tech laggards face extinction unless they innovate

by • News, Technology

Many larger businesses are struggling to implement digital transformation in spite of the dangers to their long term survival, a new joint report from CBI and Oracle claims. According to Bigger, Faster, Stronger, the improved adoption of technology could unlock productivity and wage growth. Research shows that more adoption, coupled with better management practices, could add £100 billion to the UK economy and cut income inequality by 5 per cent. However, only 54 per cent of UK companies believe disruptive technologies play an important role in their organisation, much lower than in countries such as France, Germany, India and Russia. (more…)

London remains second most expensive office market

London remains second most expensive office market

by • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. (more…)

The case for a shorter working week

The case for a shorter working week

by • Comment, Wellbeing

An art depiction of four clocks illustrating a shorter working weekUK employees have the longest working week compared to other workers in the European Union. But, despite the long hours, recent studies have shown this does not make the UK a more productive nation. An analysis by the Trade Union Congress on working hours and productivity found that, while UK full-time staff worked almost two hours more than the EU average, they were not as productive as staff in Denmark who worked fewer hours in the average week. (more…)

Technology driving calls for four day week

Technology driving calls for four day week

by • News, Technology, Wellbeing

Four day weekA majority of European workers (57 percent) believe that technology will help to bring about a four day week in the near future as it improves their productivity and efficiency, according to new research from Ricoh Europe (registration) which looks at employee attitudes towards the continent’s ongoing productivity challenge. (more…)

AI is the biggest business disruptor on world stage

AI is the biggest business disruptor on world stage

by • News, Technology

UK Asis TechAI and its transformational effect on the global business landscape was the dominant theme on day one of the UK Asia Tech Powerhouse Conference. Transforming urban mobility thanks to rapidly growing cities, and how Asian cities are leading the march towards a digital future also featured in the first of the two-day event, with influencers from across trade, investment and technology, including Singaporean entrepreneur Annabelle Kwok and Mark Purdy, Accenture’s Group Chief Economist and Managing Director at Accenture Research. (more…)

Sharp fall in Scottish commercial property market

by • News, Property

An analysis of commercial property sales during the first quarter of 2019 from the Scottish Property Federation (SPF) claims that total the value of sales in Scotland fell by 21 per cent compared to the same period in 2018. The drop in value was largely driven by fewer high-value transactions for this period, with the number of £5m+ sales down by nearly one-third compared to Q1 2018. (more…)

Half of US workers have a “side hustle” to earn more

Half of US workers have a “side hustle” to earn more

by • Flexible working, News, Workplace

Illustration of gig workers who use a side hustle to boost their incomeNearly half (45 percent) of US workers say they earn extra income by using a side hustle, according to a new report from Bankrate.com. This includes both full-time (43 percent) and part-time (51 percent) workers. For most (66 percent), the extra money accounts for less than half of their monthly earnings. However, around a third of the 2,550 people surveyed say the extra income is needed to pay regular living expenses. Slightly more (34 percent) say they use the money for discretionary spending and 27 percent say it’s to boost their savings. (more…)

Sedus Stoll enjoys record breaking year

Sedus Stoll enjoys record breaking year

by • Company news, Workplace design

Sedus Smart Office

Sedus Stoll Group has announced another impressive set of financial results with an increase in revenue to €212.3 million (2017: €191.2 million), surpassing the €200 million milestone by a large margin for the first time in its history, and a profit of €9.8 million. As well as a 2.2 percent overall increase in the total market volume for its office furniture business, the firm enjoyed an increase in new orders of 5.3 percent, consolidating its position as one of the most successful and innovative firms in the European market. (more…)

London leads the way in coworking

London leads the way in coworking

by • Coworking, News

coworkingOver recent years, we have witnessed significant changes when it comes to the workplace. Women are continuing to push through the glass ceiling, offices are starting to look more likes homes and businesses are opting for a more flexible and sociable working environment. This rise in coworking and other forms of flexible office space is just one of the latest trends to emerge from the corporate world, and according to a report by office brokers Office Freedom, London is at the forefront of this growing market. (more…)

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