Miami’s office market continues to be dependent on coworking firms to fill their spaces, but some landlords are concerned that their absorption rate is becoming too much.
Where is all the AI?
Many major organizations like Amazon and Microsoft are investing millions into developing proper artificial intelligence (AI) and machine learning (ML) tools to simplify business decisions. While there is much optimism for some of these applications, AI tools are seemingly absent for front-line and information workers.
Amazon predicting other products you might like is great, but information workers are seeking to use AI and ML to boost their own productivity for their work. Most of the time, AI tools are strictly used by IT teams and developers.
Microsoft provides snippets of AI for users through audio captioning and suggesting presentation content, but does not allow workers to use these tools to complete tasks more efficiently based on previous performances.
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Due to AI models being over marketed and not meeting the hype, many AI projects are seeing a decrease in funding that is causing enthusiasm to dwindle.
In order to rejuvenate the buildup of AI, frontline workers need a chance to use the technology for themselves. Companies should allow workers to test out and solve AI challenges, rather than relying on IT teams.
Various job sectors could benefit from frontline AI use. Health care resources could schedule patients with no issues and public service workers (legal, education and retail) could model daily work scenarios to increase productivity and profitability.
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Gym-coworking hybrids have gained traction recently, allowing members to be productive at work while encouraging them to take care of their physical and mental health.
The 2019 Global Coworking Survey has revealed that there is to be 2.2 million coworking members by the end of this year and identified the state of the industry so far.
Office Depot has been testing out coworking spaces within three of their existing locations in an effort to expand its current services and drive traffic into stores.
Just ahead of its IPO, WeWork has signed four new Manhattan leases to open its “Headquarters by WeWork” offering dedicated to providing un-branded spaces for clients.
Despite the coworking industry seeming congested, operators are not concerned about the competition as each coworking space gears its services to a specific audience.
Flexibility in the workplace has become a common option for workers, but some firms are going further by becoming 100% remote so staff can work from wherever they please.
Coworking firms, such as WeWork and Knotel, have been rapidly expanding their footprint in New York’s Flatiron District as it becomes the city’s hub for shared offices.
British brand Established & Sons have introduced four new furniture designs that aim to create a more comfortable workplace, while also being functional to homes.
Condeco’s newest research paper found that 41% of employers offer remote working, thanks largely in part to major technological advancements that are sweeping workplaces.
Industrious is partnering up with national retail and mixed-use developer Seritage Growth Properties to brings its coworking spaces into five of the retailers locations.
Companies have accepted that wellness in the workplace should be prioritized, but the trendiness of it can overshadow what is most effective — starting from the basics.