Search Results for: technology

August 1, 2018

New research suggests that the confidence gap between men and women is a myth

by Neil Franklin • News, Wellbeing, Workplace

The confidence gap between men and women is a myth, according to Laura Guillén, Professor of Organisational Behaviour at ESMT Berlin, because women viewed as self-confident aren’t more likely to get ahead. For women, gaining influence at work is more closely tied to their warmth and caring than the appearance of self-confidence. Laura’s research, in collaboration with Margarita May of IE Business School and Natalia Karelaia of INSEAD, examined high-performing workers in a male-dominated technology company that employs more than 4,000 people worldwide. The research also suggests women are expected to care for others on top of their workload, whilst men are held to a lower standard of key performance indicators.

August 1, 2018

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

by Neil Franklin • News, Technology, Workplace

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

July 30, 2018

Driverless vehicles will be on our roads within three years, claim industry experts

by Neil Franklin • AI, News, Technology

Car companies, ride-hailing services and car industry technology suppliers each have their own prediction for when driverless cars will be ready to take to highways and city streets. Consultancy BDO has carried out a meta-analysis of a range of predictions and forecasts and concludes that autonomous vehicles will arrive in early 2021. There are some differences though, according to thh authors. Averaging out the predictions, car companies think that driverless technology will be ready around 2 am on June 11th, 2021. Ride-hailing services and technology suppliers are a bit more optimistic. They predict that autonomous car technology will be ready by midnight, March 14th, 2020.

July 27, 2018

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

by Sara Bean • AI, Flexible working, News, Technology, Workplace

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Fears that Artificial Intelligence will destroy the job market are not shared by more than half (51 percent) of UK CIOs who see AI as a job creator. This is more than three times the number who say that it will diminish workers’ job prospects (16 percent). For the survey UK CIOs were asked, ‘Artificial intelligence is changing the way that companies operate and people work. Do you think AI will have a positive or negative impact on job creation and recruitment?’ Their largely positive response closely reflects that of a recent PWC report which predicts AI could create as many jobs as it displaces in the UK over the next 20 years. More →

July 24, 2018

Facebook confirms 600,000 sq ft Kings Cross office deal

by Neil Franklin • News, Property

Facebook has signed its long-discussed deal to take 600,000 sq ft across three buildings at the Kings Cross regeneration project. The deal will see the social media giant occupy around 15 percent of the total scheme, The new offices will offer up to 6,000 work stations where workers will focus on the creation of artificial intelligence (AI), Virtual reality (VR) and monitoring ‘harmful content’ on the social networking platform. Engineers at the scheme will also work on integrating the Oculus Go virtual reality mobile headset into the platform. Tech giants such as Google and Youtube have already moved into large nearby offices, while Universal Music is set to to move into a new headquarters at Four Pancras Square in September.

July 24, 2018

Barclays to create up to 2,500 jobs at new Glasgow tech hub

by Neil Franklin • News, Property

Barclays has announced plans to develop a new campus at Buchanan Wharf, Glasgow, which will provide what it claims is a state-of-the-art workplace for the bank’s functions, technology and operations teams. The aim is to create a working environment that will ‘help the bank deliver outstanding services to customers and clients by fostering innovation and collaboration’. Barclays has agreed to purchase the campus development from Drum Property Group Ltd and is currently working with them to finalise the design of the new facility as part of the wider Buchanan Wharf development. It is expected that, once completed, the campus will be able to accommodate up to 2,500 additional roles, doubling Barclays’ current workforce in Scotland and making the bank one of Glasgow’s biggest commercial employers.

July 23, 2018

Cities should make the most of their digital connectivity

by Neil Franklin • Cities, News, Technology

Cities need more powers and resources from Government to address digital divides – but also need to make better use of existing technology to transform public services. This is according to a report published by the think tank Centre for Cities in partnership with Telefónica UK. It examines how digital technology – in terms of both fixed and mobile connections – is transforming urban Britain, and the steps national and local leaders can take to ensure people and places across the country benefit. However, the report also warns that many UK cities are not taking full advantage of existing digital connections, and the benefits it could offer to residents and businesses – as well as the potential it has to improve public services.

July 20, 2018

White Paper: the magic of disruption and what it means for the workplace

by Anthony Brown • Briefing, Premium Content, Technology, Workplace design

In a 1973 essay called Hazards of Prophecy: The Failure of Imagination, the science fiction writer Arthur C Clarke sets out Three Laws regarding our relationship with technology. Only the third of these is well remembered these days:. Any sufficiently advanced technology is indistinguishable from magic. He was one of the first writers to coin the sort of law that have now become commonplace on the subject of the way our world, including the workplace, can be disrupted by technological developments. They include a corollary to Clarke’s: Any technology distinguishable from magic is insufficiently advanced (Gehm’s Law)

July 17, 2018

Artificial intelligence will create more jobs than it displaces, claims new study

by Mark Eltringham • News, Technology

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20 percent of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25 percent, representing a net loss of nearly 700,000 jobs.

July 11, 2018

Katrina Kostic Samen confirmed as President of the British Council for Offices

by Neil Franklin • News, Property, Workplace design

The British Council for Offices (BCO) today welcomes Katrina Kostic Samen as its new President. Katrina Kostic Samen, Founder and Managing Partner at KKS Strategy, formally takes over the position from Ken Shuttleworth, Founding Partner of Make Architects, at the BCO’s Annual General Meeting in London today, Wednesday 11th July. As Chair of the BCO Annual Conference held earlier this year in Berlin, Katrina set out the vision for her Presidential year, challenging delegates to look at the workplace from multiple occupier perspectives, and to ensure that they are designing and delivering offices which are inclusive and provide for a diverse workforce.

July 11, 2018

Challenging some of the most commonly held misconceptions about coworking

by John Williams • Comment, Coworking

There are a number of misconceptions that dominate much of the writing around flexible workspace, despite all the press coverage and discussion around coworking over the last two years. Yet even in this comparatively short space of time, a number of misconceptions about the market have managed to take hold. Some of them are intuitive but wrong to some or other degree. Some are distorted by coverage. Some arise for other reasons. And we know this thanks to the extensive data gathered in Instant’s latest market report. So here in this piece, I am going to try to shatter some of the myths around flex workspace and coworking in particular.

July 9, 2018

Quarter of British workers have a side hustle as well as their main job

by Neil Franklin • Flexible working, News, Workplace

Academics at Henley Business School have revealed a growing trend in ‘side hustles’ which shows that as many as 1 in 4 people in the UK are running at least one business project alongside their main day job, contributing an estimated £72 billion to the UK economy. Henley has published a white paper on the emerging side hustle economy. Its study of over 500 business leaders and 1,100 UK adults found the trend is now happening at an unprecedented pace across the UK. A side hustle is defined as a secondary business or job that brings in, or has potential to bring in, extra income. 73 of people who start a side hustle do so to follow a passion or explore a new challenge, but there are financial benefits too, with side businesses contributing 20 percent to side hustlers’ income.