Search Results for: investments

January 5, 2017

Smart buildings and driverless vehicles to spearhead huge growth in Internet of Things spending ⁰

Worldwide spending on the Internet of Things (IoT) is forecast to reach $737 billion for the past year (2016) as organisations invest in the hardware, software, services, and connectivity that enable the IoT. According to a new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide, global IoT spending will experience a compound annual growth rate (CAGR) of 15.6 percent over the 2015-2020 forecast period, reaching $1.29 trillion in 2020. The industries forecast to make the largest IoT investments in 2016 are Manufacturing ($178 billion), Transportation ($78 billion), and Utilities ($69 billion). Consumer IoT purchases, the fourth largest market segment in 2016, will become the third largest segment by 2020. Meanwhile, cross-industry IoT, such as that for connected vehicles and smart buildings, will rank among the top segments throughout the five-year forecast.

December 7, 2016

Brexit could lead to a freeze of over a third of UK commercial property investment ⁰

by Neil Franklin • News, Property

The unexpected political events of 2016 will lead to a rise in caution and risk aversion among real estate investors in 2017, making secure income streams more highly prized among core investors globally. This is expected to benefit the UK market, where high levels of transparency and stable legal structures make real estate a safety play, according to a report from real estate advisor Savills. The firm unveiled its predictions for UK real estate at its annual cross-sector briefing this week, taking a detailed look at the commercial property, residential and agricultural markets. The overall story for UK real estate is one of slower growth. In the commercial market, average total returns on UK property investments are likely to be approximately 5.6 percent per annum during 2017-2021, with a 1.6 percent five year capital growth forecast for office values and a 4.4 percent growth forecast for office income returns. The report claims that there will be a fall of around 30 to 40 percent overall, and possibly up to 50 percent in Central London.

November 8, 2016

Built environment urged to help summit meet climate change commitments ⁰

by Sara Bean • Events, Facilities management, News, Property

Delegates from across the World are gathering in Morocco this week for the 22^nd global climate change summit, known as the Conference of the Parties (COP22), where they will focus on the implementation of the Paris Agreement. This historic agreement was reached last December at COP21 in Paris, France, when for the first time, 191 nations committed to collectively addressing the effects of climate change. The Paris Agreement aims to keep the global temperature rise well below 2 degrees Celsius and to limit the temperature increase even further to 1.5 degrees Celsius. It was signed by all negotiating countries and has thus far been ratified by 75 member states. However, despite the fact that the agreement entered into international law on the 4^th November, the UK is yet to ratify it, which according to the UK-GBC’s Campaigns and Policy Director, John Alker, is “pretty poor. We cannot afford to be dragging our heels on this; not only is there a moral imperative to tackle climate change, but the economic case for action is huge.“

October 18, 2016

Stress and overwork in the City of London remains endemic, finds research ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

The financial services industry has never been known as a ‘touchy-feeling’ environment, and despite efforts to raise the issue of mental ill health at work, appears resolutely resistant to cultural change. This perception is reinforced by a new piece of research which claims that rising stress in the City is driving more than two out of three investment bank staff to consider quitting their job – but employees believe talking about stress or mental health issues to management will damage their careers. In a study by MetLife among decision makers at financial institutions two out of five (40 percent) think their job is extremely stressful with 67 percent considering quitting their jobs in the next year if stress levels do not improve. However, despite the impact of stress on their work and home lives, around 70 percent believe that admitting to suffering from anxiety or mental health issues will damage their career prospects and there is a reluctance to offer staff more flexible hours to help reduce the strain.

October 10, 2016

The Big Data skills gap and other issues ⁰

by Mark Eltringham • News, Technology

A new report from techUK claims that the widespread use of Big Data could boost the UK economy by £241 billion and create around 157,000 jobs by 2020, but the Government needs to act fast to address the skills gap that is holding back the implementation of more Big Data applications. The survey of techUK members found that almost two thirds (62 percent) say they need more specialists in emerging disciplines including Data Analysts, Data Infrastructure Engineers and Solutions Architects. However there may be wider challenges ahead for the application of Big Data as a survey carried out by Gartner suggests that the number of organisations willing to invest in Big Data is set to fall.

September 28, 2016

UK commercial property market ‘back to normal’ after Brexit vote ⁰

by Mark Eltringham • Cities, News, Property

The UK’s commercial property market remains robust in the wake of the vote to leave the European Union, although a weaker economic outlook may see some prices dip over the next two years, ratings agency Moody’s claims in a new report. The news comes as commercial property fund Standard Life announced that it has reopened trading, which was suspended in the immediate aftermath of the Brexit vote. Moody’s said that the June 23 vote still has the potential to create significant uncertainty in the longer term, but that the fundamentals underpinning the UK commercial property market remain sound. Much will depend on the country’s broader economic prospects, Moody’s claims. If unemployment remains low and jobs growth continues, these two factors will do much to maintain demand for both domestic and commercial property although London’s market may be affected even if the national economy is robust, as firms may choose to relocate anyway.

September 19, 2016

North America leading the way in adopting healthier buildings ⁰

by Sara Bean • Environment, Facilities management, News, Wellbeing, Workplace design

While building owners, developers, managers and investors in North America are showing increasing interest in practices that prioritise the physical, mental and social well-being of tenants and occupants, European buildings have fewer spaces created with wellness in mind. The Drive Toward Healthier Buildings 2016, by Dodge Data & Analytics and the World Green Building Council, produced in partnership with the Canada Green Building Council and Delos, says the top five healthier building features currently in use include better lighting, products that enhance thermal comfort, spaces that enhance social interaction, enhanced air quality and products that enhance acoustical comfort. However, in an analysis of global trends in health and wellbeing, European respondents reported less frequent use of spaces that enhance tenant mood, spaces that enhance social interaction or spaces that create opportunities for physical activity than their North American or Asian counterparts.

September 13, 2016

How climate change may be affecting us in more ways than we suppose ⁰

by Mark Eltringham • Company news, Facilities management, Knowledge, News, Wellbeing

Just how affected we all are by what is going on in our surroundings is confirmed by a new academic studies which links the environment to to our moods, physical wellbeing and performance. Although we are increasingly aware of the impact the working environment has on our productivity and wellbeing, the new study from researchers at Pacific Northwest National Laboratory’s Joint Global Change Research Institute suggests we are more influenced by the global environment and climate than we might suppose. The meta-analysis of over 200 papers published in Science magazine concludes that while climate change concerns are largely focussed on its long term and worldwide effects, we should also pay attention to the effects over the short term and at local level because of the impact on individuals, businesses, society and the national economy. As well as slowing the global economy by 0.25 percent each year, it also has a profound additional effect at local levels.

September 9, 2016

Businesses in developed world failing to invest in tech and agile working ⁰

by Neil Franklin • Flexible working, News, Technology

Businesses operating in developed national markets risk falling behind businesses in emerging markets that are placing greater importance on leveraging technology to fuel their growth and increase their agility, claims a report from enterprise software provider Epicor. The study of over 1,800 business leaders from 12 countries claims that 54 percent of emerging market business executives cited “technology leadership” as a significant growth factor compared to just 36 percent of those in developed countries. The report claims that by recognising the importance of flexible technology and business systems in fuelling growth, executives in emerging markets are putting themselves in a stronger position when it comes to preparing for international expansion. Businesses that have more agile working practices can respond more quickly to changing market environments, making them more prepared to deal with the demands of growth.

September 9, 2016

Office property sector leads global real estate market in sustainability ⁰

by Sara Bean • Environment, Facilities management, News, Property, Wellbeing

The global real estate market is showing signs of improvement across all areas of environmental, social and governance performance (ESG) including a 1.2 percent reduction in energy consumption, 2 percent reduction in GHG emissions and close to 1 percent reduction in water use. It is also placing greater focus on occupant health and well-being. This is according to the latest data compiled by GRESB, a benchmarking organisation for real estate companies and funds which evaluates sustainability practices in the global real estate sector. In the results for the 2016 GRESB Real Estate, Developer and Debt assessments, which analyses the sustainability performance of more than 1,100 real estate portfolios of both private equity and listed companies, Australian entities outperformed all other regions with an average score of 74, which is 14 points above the global average; and office companies and funds outperformed other property types with an average score of 66.

August 17, 2016

Do people really matter when we design workplaces? ⁰

by Steve Maslin • Comment, Events, Facilities management, Workplace design

Some may think this is a daft question. They’ll argue that of course people matter when we design workplaces. Granted, there are those for whom the human experience of the built environment is really important. They demonstrate this it in their attitudes and actions. However, based on some of the attitudes and actions I have observed over the years, I would suggest that the belief that people really matter when some designers design workplaces for them is quite frankly all too often skin deep. How do we know this? And if we accept that it is true, it then begs the secondary question of why this should be the case. Is it entirely our fault? What might we do to address the issues? In part, we know that people haven’t really mattered enough in design because of mistakes of the past. Meanwhile, society is facing many pressing challenges, ranging from health to housing, work to economy and climate change to resource depletion.

July 28, 2016

Growing number of people past retirement age still work to boost income ⁰

by Mark Eltringham • Legal news, News, Wellbeing

For all that everybody bangs on about Millennials, it’s increasingly apparent that the workforce in most nations is actually getting older and that it’s not just Governments who are keen to keep older staff in work, but also people themselves. A new study from MetLife based on Government data claims that nearly one in seven over-65s in the UK are boosting their retirement income by working, earning around £296 in addition per week. The data suggests that the numbers of over-65s working has increased from just 8 percent of the pensioner population to 13 percent in the last ten years, the equivalent of 1.1 million people. Median earnings from working are £296 a week adding up to annual pay of nearly £15,400. The need to keep working is underlined by the continuing squeeze on saving and investment income, which generates just £312 a year for pensioners on average. The proportion of pensioners earning money from investments has dropped from 72 percent in 2004/05 to around 64 percent now. Around 72 percent of all pensioners have private or company pensions compared with 66 percent a decade ago.