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Alea Fairchild – Strategic Views

Alea Fairchild – Strategic Views

Tag Archives: AI

Revisiting ‘Generation Jones” in an AI-driven world

27 Friday Dec 2024

Posted by afairchild in Uncategorized

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AI, economics, generation-jones, investing

Entering into 2025 with a new geopolitical norm, the economic landscape continues to evolve, particularly for those born at the tail end of the baby boom—commonly referred to as Generation Jones. This cohort, typically defined as those born between 1954 and 1965, finds itself in a unique position in today’s AI-driven world, facing challenges and opportunities that are markedly different from those of previous generations heading towards retirement and the third act of their lives.

The Context of Generation Jones

Generation Jones grew up during a time of significant social and economic change and has witnessed the decline of traditional job security, the rise of globalization, and the advent of digital technology. Now, as they approach retirement age, many members of Generation Jones are grappling with a rapidly transforming job market dominated by artificial intelligence (AI) and automation.

AI Tools and Their Limitations

While AI tools promise to enhance productivity, they often fail to cater to the specific needs of Generation Jones. Many of these technologies are marketed with a focus on younger demographics—digital natives who are already comfortable with rapid technological changes. In contrast, Generation Jones may feel not included, leading to some resentment that can hinder their ability to adapt.

For example, while AI-driven platforms for freelance work and entrepreneurship are growing in number, they often focus on agility and tech-savviness. This can create a barrier for those in Generation Jones, who may not want to make those investments. The promise of “get rich quick” schemes powered by AI may appeal to their desire for financial security, but the reality is that these ventures often are scam based.

The Allure of Get Rich Quick Schemes

The rise of AI has given birth to an array of get rich quick schemes that can be enticing. From automated trading systems to AI-generated online businesses, the allure of making money with minimal effort (side hustle) is tempting, especially for those looking to bolster their retirement savings. However, many of these schemes are built on shaky foundations and often prey on the vulnerabilities of individuals who may be seeking quick solutions to financial woes.

For Generation Jones, the risk of falling into these traps is particularly tricky. Many members of this generation are still recovering from the financial crisis of 2008 and the subsequent economic downturns. The pressure to secure their financial future can make them more susceptible to schemes that promise fast returns but deliver little more than disappointment.

Navigating the AI Landscape

So, what can Generation Jones do in this AI-driven world? The key lies in a balanced approach. Instead of chasing after the latest trends or succumbing to the pressures of quick fixes, this generation can benefit from a more strategic and informed perspective.

  1. Lifelong Learning: Embracing continuous education can help bridge the technological gap. Online courses and community workshops can enhance digital literacy and build confidence in using AI tools.
  2. Networking and Mentorship: Engaging with peers and younger professionals can provide valuable insights and foster collaboration. Building intergenerational networks can lead to opportunities that align with their experience and skills.
  3. Mindful Investment: Rather than jumping into every new scheme, Generation Jones should focus on mindful investment strategies that consider long-term benefits over short-term gains. Researching thoroughly and seeking advice from trusted financial advisors can mitigate risks.
  4. Leveraging Experience: This generation has a wealth of experience that can be translated into consulting or coaching roles. By harnessing their expertise, they can navigate the AI landscape in a way that feels authentic and rewarding.

Role of technology in hybrid work forms

24 Monday May 2021

Posted by afairchild in Uncategorized

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AI, employee engagement, GoSpace, property management, value, work

Photo by Serpstat on Pexels.com

What is work?

Work as a concept has changed.  It is no longer about the physical space.  Nor is it about the choice of platform, as a varied of tools are used for connectivity.   So how do you create an organisational culture without physical or platform reference points?

A company at this point has three components: an organisational memory, a shared reference language and a set of communication channels (both tools and platforms).  Defining the company parameters will involve access to what data and what portion of a particular stream of revenues goes to what competencies are being shown.

So in a competency-based company, dialogue is the new unit of work. How do space planners and employers enable that kind of work to occur?

Employers, space planners and building owners will look to technology to perfect a hybrid model.   This needs to include the communication channels that the company uses.  Most of us are tired of hopping from platform to platform  (Teams to Zoom to WebEx to Slack to…..). I should not have to coordinate a person with a platform.   It is already hard enough to keep track of which family member uses what app to communicate.

The use of space

The trick in creating these dialogues is to make space management more seamless and accessible. Property management teams need to deliver greater flexibility and improve the in-building experience for their tenants, with an operational focus for facilities management on cost controls and workflow processes.

Making space manageable enables employees to schedule communication exchanges with the ability to reserve space, to interact and to engage in these dialogues. Property and facility managers will want to create a hygiene friendly touchless experience in this space, applying touchless technology to doors, lockers, desks, meeting rooms and access to employee resources such as changing rooms and communal spaces.

Tech enabling space

More advanced and empowered technology can enhance not only occupancy planning but also the overall work experience. We all gain in hybrid working models with reduced costs, improved  employee performance, staff retention and the environmental benefits of reduced travel. Employees get shorter commuting times and scheduled collaboration time.

Traditional models will no longer accommodate the workplace and workers of the future. The new standard of hybrid work promotes efficiency and connectivity, and technology is a big part of that.

Age is more than a number

We can see that different age groups have different ways of working and collaborating.  Besides gathering data on usage, if that data can be cross tabulated against age group and working role and style, then we can create work environments that allow the individual to create at their level of working comfort.

Data as the fuel for dialogue – how can AI help?

We need to recognise that data is the fuel for these dialogues that are creating organisational and personal value.  People want to work with each other when they can create value, and data supports that activity.  Value is what attracts employees to a work environment, value are magnetic and brings people together for collaboration and creation.

Can AI help us here?   What about better understanding HOW we use spaces to help us make better decisions where (and when) to meet?   In digitising existing manual physical processes, this allows for gathering usage data and using artificial intelligence to optimize data and space and to ensure connectivity.  For example, GoSpace’s platform is designed to help occupancy planners oversee the hybrid workplace.  In a recent collaboration between property management firm JLL and GoSpace, using GoSpace’s AI engine, JLL collects data to manage space consistently based on usage patterns, while ensuring connectivity and driving collaboration.

Summary

Building and maintaining working premises used to be about a complex Design/Build project (core & shell, interiors and relocation).  Now both property managers and facilities management need to think about data use, human dialogue and value creation for employee engagement as part of the metrics of space management.

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