Latest news with #GlobalFutureofWork
Arabian Post
6 days ago
- Business
- Arabian Post
AI Unlocks Untapped Value in Real Estate Operations
Commercial real estate operators are pivoting beyond traditional boardroom focuses to harness AI-driven insights from their facility and lease management data to boost profitability and operational performance. JLL's latest research finds that nine out of ten companies plan to deploy AI tools over the next five years to aid human experts in commercial real estate decision‑making. JLL's Global Future of Work survey, conducted among more than 2,300 CRE decision‑makers worldwide, highlights a widening gap between enthusiasm and execution. While around 70 percent of executives report having an AI strategy underpinning pilot projects in real estate, only one‑third of managers confirm a coherent roadmap at operational levels. JLL warns that faltering in strategy design now risks pushing organisations into disillusionment as expectations exceed reality. Financial gains are already within reach. JLL cites a global financial‑services client that achieved $120 million in operating‑cost savings through AI‑led space consolidation and lease optimisation. Another tech‑sector entity is working with JLL to map over 100 high‑impact AI applications across its real estate portfolio. ADVERTISEMENT Emerging from JLL's analysis are four critical steps to establish durable AI adoption strategies: 1. Clarifying capabilities, dispelling myths that AI will replace staff, and aligning technology to clearly defined CRE use‑cases 2. Prioritising meaningful applications, such as predictive maintenance, real‑time occupancy forecasting and dynamic energy management 3. Building robust business cases, using data to justify interventions with tangible ROI 4. Securing C‑suite backing, as executive endorsement correlates strongly with success in integrating CRE‑tech. To support these objectives, JLL has introduced its proprietary AI platform, JLL Falcon. The system, which draws upon the company's internal datasets, applies advanced AI models to enable refined portfolio analytics, space optimisation, carbon‑tracking, and compliance monitoring. Further underlining the urgency, JLL predicts that by 2030, up to 70 percent of CRE activities will be augmented by AI tools. Market momentum is fuelled by over 700 PropTech start‑ups creating real‑estate‑focused AI solutions, alongside strategic partnerships between global firms and technology providers such as Microsoft, Amazon and Google. A notable technological milestone: the acquisition of AI‑energy‑management provider HANK, whose output demonstrates up to 40 percent reductions in utility costs through real‑time HVAC adjustments. Others include JLL's Carbon Pathfinder tool for sustainability modelling, and investments in data‑centre optimisation through SKAE's May 2024 acquisition. Industry experts caution that AI adoption in CRE is not simply a tech rollout but a broader challenge of change‑management. As commentator Antony Slumbers notes, many organisations remain early in their digital maturity and lack clarity separating hype from functionality.
Forbes
20-03-2025
- Business
- Forbes
Work Location as a Service: The Future of Flexible Work
The Future of Work Isn't a Place—It's a Network Remote work? Return to office? Hybrid? This entire conversation is outdated. Let's take a quick look at the future. It's 2032. Decisions about work location are no longer policy-driven. AI and other emerging technologies haven't just enhanced productivity; they have fundamentally reshaped how work is distributed across digital and physical spaces. Instead of being locked into rigid workplace structures, professionals operate within a fluid work network. Technology seamlessly orchestrates the best place for work to happen at any given moment—whether in a high-tech physical workspace, a digitally enhanced collaboration hub, or an immersive virtual setting. Work is no longer about a specific location; it's about a connected ecosystem that adapts dynamically, optimized in real-time for productivity, collaboration, and engagement. This shift was central to a discussion on The Future of Less Work podcast with Peter Miscovich, Executive Managing Director and Global Future of Work Leader at JLL. According to Miscovich, we're still in the stone age of digitally enhanced technologies: Miscovich encourages us to lift our perspective beyond the home vs. office debate and focus on how technology will enable seamless communication, collaboration, and co-creation—making us feel as if we're in the same space. Instead of deciding where to work each day, technology will seamlessly optimize work locations based on real-time collaboration needs, personal productivity patterns, business priorities, and data-driven insights. AI will analyze project timelines, communication patterns, performance trends, and even personal preferences to recommend the best environment for maximum effectiveness. Some of these locations will be digital virtual environments, while others, according to Miscovich, will be digitally enhanced physical spaces designed to seamlessly integrate work, meaningful connections, organizational culture, and inclusion. In this future, Work Location as a Service (WLaaS) transforms office spaces from company-owned assets to shared, on-demand environments, enabling professionals to seamlessly access the spaces and tools they need as their work demands. To support this shift, companies and cities must develop a flexible network of work-ready environments that adapt to workforce needs. AI-powered collaboration hubs will provide spaces for deep work, team brainstorming, and high-impact projects, redefining how and where professionals work. Industry-specific workspaces will provide specialized tools and environments tailored to unique sectors—whether it's biotech labs for cutting-edge research, digital media studios for content creation, or hardware prototyping facilities for product innovation. These purpose-driven spaces will replace the one-size-fits-all corporate headquarters with locations that enhance creativity and productivity. Distributed work centers (DWCs) will emerge as critical hubs, reducing commute times while ensuring access to high-quality workplace resources. These centers strategically position workspaces closer to where people live, blending the benefits of remote work with the infrastructure of traditional offices. Even traditional office spaces will need to evolve. Digitally enhanced workplaces will go beyond desks and meeting rooms, offering curated experiences that make coming into the office a purposeful decision rather than an obligation. These spaces will be designed not just for routine work, but for moments of high-value collaboration, team cohesion, and innovation. The office of the future won't be a default setting—it will be a destination designed for intentional interactions. As emerging technologies enable seamless integration of digital and physical workspaces, organizations must rethink how they manage people and work across these environments. Companies that adopt intelligent, flexible, AI-powered work ecosystems will attract top talent by removing geographical barriers and offering unparalleled flexibility and personalization. AI-driven orchestration will ensure that employees are always in the right place for the right kind of work, boosting productivity and efficiency. The cost of today's centralized office space will be invested instead in high-value, shared, or on-demand locations. But there is an even bigger advantage here to cities and geographical regions. Those that are currently suffering from hollowed-out office districts, can transform urban spaces into innovation hubs, creative studios, and flexible work centers, making work a fluid and integrated part of daily life rather than something confined to an outdated structure. And those that were once considered remote from the centers of employment and innovation can now create the infrastructure and ecosystems to compete for the talent, and the work will come. This isn't just a shift in workplace policy—it's a complete redefinition of how work happens. Instead of being confined to a single location, work will become fluid, adaptive, and intelligently connected. The debate over hybrid work is outdated; the real challenge isn't home vs. office, but how to build a seamless, AI-powered work ecosystem that enables people to work at their best—wherever that may be. Work Location as a Service isn't just an evolution—it's a revolution. The organizations, cities, and leaders who act now won't just adapt to the future of work—they'll define it.
