Search Results for: internet of things

Enter the MIPIM bandwagon, towed by pink elephants

Enter the MIPIM bandwagon, towed by pink elephants

by • Comment, Property, Technology

The old adage “once you spot a bandwagon, it’s probably too late to jump on” was certainly true at this year’s MIPIM if only for the increase in journalists sent by the national press (allegedly) hoping to catch a glimpse of men behaving badly and weaving tales of excess. Whilst the message of  #TimesUp was heard loud and clear in the property world after the recent expose at the Presidents Club, the reality is the hedonistic opulence actually came to an end in 2009 after the global crash. That was the year that the property market realised they needed to do things differently and it was the beginning of putting people first. But it takes time for thoughts to turn to actions and reality, and a number of senior women that I spoke to observed that what we are now seeing are results of change and a drive to continue that change.

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Full fibre broadband could deliver £120bn boost to UK economy

Full fibre broadband could deliver £120bn boost to UK economy

by • News, Technology

A new study conducted by economic consultancy Regeneris, and commissioned by Cityfibre, claims that the total economic impact of deploying full fibre ultrafast broadband networks across 100 UK city and towns, could reach £120bn over a 15 year period. The study examined ten areas of the UK economy likely to benefit from full fibre roll-outs. It also sought to quantify the impact of each of these areas in 100 distinct UK town and city economies over a 15-year period. According to the researchers, the UK’s business community – and most particularly its small and medium sized companies – could stand to benefit enormously. Access to full fibre could unlock £4.5bn in business productivity, innovation and access to new markets in these locations; a further £2.3bn in growth could be driven from catalysing new business start-ups; while the increased ability for companies to support flexible working could add £1.9bn.

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World Economic Forum announces expanded global network to shape policy for Fourth Industrial Revolution

World Economic Forum announces expanded global network to shape policy for Fourth Industrial Revolution

by • AI, News, Technology

The World Economic Forum has announced an international expansion of its Center for the Fourth Industrial Revolution. The announcement coincides with this week’s Forum at Davos, which you can follow live here. New affiliate Centers will open in India, Japan and the United Arab Emirates, creating ‘an international network dedicated to maximising the benefits and minimising the risks of emerging technology’. In cooperation with host governments and private companies, affiliate Centers will aim to build on the work under way in San Francisco to close the perceived gap between emerging technology and policy. The Center for the Fourth Industrial Revolution model is to bring together business leaders, governments, start-ups, civil society, academia and international organisations to co-design and pilot innovative approaches to governance for emerging technologies such as artificial intelligence and blockchain.

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BSRIA launches urbanisation megatrends report

BSRIA launches urbanisation megatrends report

by • Cities, Facilities management, News, Property

The Building Services Research and Information Association (BSRIA) has launched a new report called Megatrends – Urbanisation (registration needed) which claims to look at the major forces that are shaping the ‘world in which we live and do business’. The report cites as inspiration a 2015 McKinsey report called No Ordinary Disruption, which examined ‘The Four Global Forces Breaking all the Trends’. The four key trends which McKinsey pointed to as already impacting on almost every society, or will do soon, are urbanisation, an ageing population, globalisation and the technological revolution.  Since 1950 there has been a massive global movement towards urbanisation. In 1950 fewer than 30 per cent of the world’s population lived in urban areas. By 2010 this had reached 50 per cent and by 2050 the share is forecast to exceed two thirds of the world’s population. This represents one of the biggest and fastest human movements in history and the report sets out to explore its implications.

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Firms suffer an average of 633 cyber attacks each day

Firms suffer an average of 633 cyber attacks each day

by • News, Technology

UK businesses were subjected to an average of 231,028 internet-borne cyber attacks each during 2017 according to a report from Internet services provider Beaming. On average, each UK firm with an internet connection experienced 633 attempts a day to breach their corporate firewalls last year, with more than two-thirds (70 per cent) of attacks targeting connected devices such as building control systems and networked security cameras. The volume of cyber attacks increased by 24 per cent in the final quarter of the year, with companies – on average – experiencing 68,212 attacks each between October and December. This extra activity at the end of 2017 ensured the number of cyber attacks last year on UK organisations surpassed 2016 levels, when Beaming recorded 228,659 attacks per business.

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Flexible space and smart tech to grow this year, while occupiers decide on Brexit

Flexible space and smart tech to grow this year, while occupiers decide on Brexit

by • Coworking, Facilities management, Flexible working, News, Property, Technology

Flexi-space and Smart tech to grow this year, while occupiers decide on BrexitThe proportion of flexible space within occupier portfolios will continue to increase in 2018; a growing adoption of technology will redefine buildings, workplaces and portfolios; and it will be a year of decision for many businesses regarding Brexit. These are among the ‘UK Property Predictions 2018’ report from JLL which covers a range of different topics, with a particular focus on UK corporate occupiers. The report claims that traditional static portfolio concepts are being redesigned to incorporate new formats of space, co-working and a more fluid and diverse range of space options that support creativity, innovation and collaboration. (more…)

Commercial property is undergoing tech disruption, but not as some believe

by • Comment, Facilities management, Property, Technology

According to a recent report, executives in the commercial property sector have significant reservations about emerging disruptive technologies such as Big Data and predictive analytics, augmented and virtual reality, Blockchain and driverless vehicles, but see huge potential for process automation. Disruption is a strong word.  It conjures up apocalyptic images and radical interventions leaving unrecognisable outcomes in its wake. Big terms like artificial intelligence, Internet of Things (IoT) and big data bring equally big expectations.  For those of us at ground level, it’s hard to see the cumulative impacts of the many changes taking place around us.  It’s also hard not to share the same view expressed above. Future-gazing is nice to a point, but board level conversations like to take signposts from what is actually happening around them as well, and the commercial property sector is no exception. This sector is undergoing profound disruption but not necessarily from Silicon Valley’s headline grabbers.

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The ups and downs of wearables for workplace health and wellbeing

by • AI, Comment, Technology

Businesses in the 21st century have tried just about everything to improve productivity. For a long time, Google and its ilk were seen as model workplaces, with their open offices and abundance of ball pits and bean bags. Then the consensus shifted, and the cubicle or workstation was seen as the paradigm for employee concentration. Now the focus has shifted to technology, and the field of ‘wearables’. Devices like the Fitbit, Google Glass and Apple Watch have come and gone with significant consumer buzz, but relatively low uptake. What failed to impress consumers, however, may yet have a place in business. For better or ill, it seems the companies we work for are increasingly obsessed with collecting our data.

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Smart cities could lead to cost savings of $5 trillion for firms and governments, report claims

by • Cities, News, Technology

Smart city technologies could save businesses, governments and citizens globally over US$5 trillion annually by 2022 according to a new whitepaper from ABI Research (registration required). The new white paper analyses the scope for cost savings and efficiency as a driver for smart city deployments, smart technologies and the Internet of Things (IoT). According to the report, titled ‘Smart Cities and Cost Savings,’ the use and deployment of IoT and smart technologies will be pivotal to the future success of smart cities, but only if players collaborate to embrace a holistic approach. With higher concentrations of people and enterprises in cities as a result of urbanisation, smart city and IoT technology, along with new sharing and service economy paradigms, will be key for cities to optimise the use of existing assets, maximise efficiencies, obtain economies of scale and ultimately create a more sustainable environment. Automation, artificial intelligence, along with sensors, data-sharing and analytics, will all be critical in helping cities save costs.

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Employees are investing their own time and money to remain competitive in the changing workplace

Employees are investing their own time and money to remain competitive in the changing workplace

by • Flexible working, News, Technology, Workplace

Capgemini and LinkedIn have published a new global report exploring the ‘digital talent gap’, which analyses the demand and supply of talent with specific digital skills and the availability of digital roles across multiple industries and countries. The report, The Digital Talent Gap—Are Companies Doing Enough? claims to reveal the concerns felt by employees when assessing their own digital skills and the lack of training resources currently available to them within their workplace. Highlights include the fact that nearly 50 percent of employees, rising to close to 60 percent for what the report calls digitally talented employees are investing their own money and additional time beyond office hours to develop digital skills on their own. Capgemini surveyed 753 employees and 501 executives at the director level or above, at large companies with reported revenue of more than $500 million for FY 2016 and more than 1,000 employees. The survey took place from June to July 2017, and covered nine countries – France, Germany, India, Italy, the Netherlands, Spain, Sweden, the United Kingdom and the United States and seven industry sectors.

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Security and skills are the top concerns for companies investing in new technology

Security and skills are the top concerns for companies investing in new technology

by • News, Technology

Over the next five years, the top three technologies that are set to move from the fringes to the business mainstream are Artificial Intelligence (AI), Blockchain and the Internet of Things, according to CBI research. In the CBI’s new report, Disrupting the future, the UK business group highlights how firms and the government must pave the way for adoption of cutting-edge technologies, tackling the barriers that businesses are facing. The CBI is calling on the Government to establish a joint commission in early 2018 involving, business, employee representatives, academics and a Minister, to examine the impact of Artificial Intelligence on people and jobs, setting out plans for action that will raise productivity, spread prosperity and open up new paths to economic growth.

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Number of large scale IoT projects doubles worldwide as range of benefits increase

by • AI, Facilities management, News, Technology

Doubling of large scale IoT projects as benefits increase, but security still a concernThe number of large scale Internet of Things (IoT) projects have doubled in the last year, as projects move from small pilots to global rollouts, according to Vodafone’s fifth annual IoT Barometer Report. The range of benefits that users are getting from IoT is also widening as adoption increases – greater business insights, reduced costs and improved employee productivity top the list globally. Large scale users report some of the biggest business gains with 67 percent of them highlighting significant returns from the use of IoT. Energy and utility companies are at the forefront of the largest IoT projects worldwide, with applications such as smart meters and pipeline monitoring. Security in IoT is still the biggest barrier for organisations regarding deployment. However, in companies with 10,000 or more connected devices in operation only 7 percent say security is their top worry. Organisations are taking more steps to tackle security concerns including an increase in security training for existing staff, working with specialist security providers and recruiting more IT security specialists.

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