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Alea Fairchild – Strategic Views

Alea Fairchild – Strategic Views

Tag Archives: smartbuildings

Two key trends for 2023

20 Tuesday Dec 2022

Posted by afairchild in Uncategorized

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analytics, infrastructure, innovation, IoT, security, smartbuildings, workplace

Organizational resilience and workplace analytics

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In our annual quest to find and resonate on the topics that mean the most in the new year going forward, I want to talk about my two research areas for this Spring.

ORGANIZATION RESILIENCE

Organizational resilience for me is top of mind. This combines a number of factors — cyber resilience, employee motivation and commitment, resource allocation and supplier relationships, core competencies and agility to go to market. In a time when economic factors, levels of demand uncertainty and regulatory risk all put the organization on edge, how resources are allocated, supported and made agile will allow organizations to pivot more flexibly.

Technologically, we have been focusing on productivity and collaborative work this last year. My concerns are echoed by a recent paper in the MIT Sloan Management Review. The authors, Jonathan Trevor and Matthias Holweg, both at Oxford, stated that collaborative technologies do help bond hybrid and remote workplaces, but these tools and platforms still haven’t made the grade as far as replicating in-person settings. This is where I am putting my own efforts this Spring in looking at work as an experience (WaaE) and the worlplace as an experiential location.

In their paper, they claim that organizations and the technology they employ have done a good job of keeping everyone connected and in tune with what’s going on, but still can’t fully replicate the innovation seen in face-to-face workplaces. Perhaps their most significant observations are how organizations face challenges getting people together in one place at the right time, and the fact that employees in the survey “complained that work had become more transactional and operational in the hybrid environment. They missed feeling engaged and noticed a decline in the infusion of new ideas.

Being resilient as an organization is about harnessing the resources in a timely and effective manner. The ability to be innovative will hinge on how agile and supple an organization can be.

Having the right place to work to be agile and innovative will be critical. A part of this MIT survey looked at real estate usage. According to their study, ” The top planned changes cited by our sample are additional social areas (80%), creativity spaces (75%), meeting rooms (74%), shared offices (74%), and hot-desking (71%). Corner offices are on their way out.”

WORKPLACE ANALYTICS

Which leads me to the second critical area I am examining this Spring.

Workplace analytics combines occupancy analytics, visitor management systems and more traditional facilities management tools in examining usage. This is normally used by facilities managers, corporate real estate teams and the C suite to understand spending and costs.

But what we really want to examine is utility, in other words, how the workplace served its function in supporting work.

Key question I will be asking: How does the infrastructure support the work activity? Can we take a pulse on a regular basis to see what contribution technology in the workplace makes in making work happen productively and with purpose?

As an example, I bring up the latest survey recently from Relogix, a workplace analytics firm, on global workspace usage.

This report suggests that the last six months or so have been relatively static regarding those coming in and those remaining remote. But what is interesting is the shift between individual offices and the collaboration spaces that were once connected to them, both of which declined, whereas general meeting spaces and casual social spaces doubled and quadrupled.

People are looking to engage with other people if they make the commute into the office. Where does technology play a role here and can we make the workplace a destination and an experience?

Assuming you are not commuting during the holiday period, I wish you a wonderful season and a happy new year. May 2023 be productive, full of good health and wonderful innovation!

Alea

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Innovation in reuse of existing built spaces

29 Sunday Aug 2021

Posted by afairchild in Uncategorized

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built spaces, infrastructure, innovation, reuse, shopping center, smartbuildings

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 Innovation in space usage is driven not only by use case demands, but availability.  And we can see that availability is increasing.  The general increase in space offered for sublease amid the pandemic is to be expected as companies needed less room with workers being home-based. So we are talking about the reuse of existing built spaces.

Reuse of vacant office space could also give a new lease on life to the neighourhood while supporting the local economy, and enable people to stay close to their choice of living space—all the while helping preserve the social and cultural heritage of a region. We are seeing a mix of health, education, entertainment, leisure, arts and crafts and green spaces. Some old shops could become housing in a mixed use environment.

One of the more interesting leisure examples I have seen recently is an active entertainment area, including an indoor go karting centre, in a former South West London shopping centre in Wandsworth.

Startups that repurpose unused space have seen a surge in usership. Innovative startup companies look to make use of empty offices while employees continue to work elsewhere, including working from home during the ongoing pandemic. The pandemic-oriented trend, driven by businesses downsizing and relocating, is expected to push vacancy rates up in cities, and with incentives also on the rise, this will ultimately put pressure on values. 

Some high street retailers are trying to divest some of the retail space as online shopping causes less footfall. Up to 45 percent of of John Lewis’s flagship store on London’s Oxford Street had gotten permisssion in October 2020 from the local council for reuse as office space as the company tries to stem its coronavirus losses and return to profit. Timing on that might not have been so terrific….  But according to a recent BBC article,  the UK has lost 83% of its main department stores in the five years since the collapse of the BHS chain. The figure highlights the extent of the upheaval in the High Street as the Covid pandemic sped up changes in shopping habits.

So how can this value be realized in an alternative way?  After all, The Refinery, a luxury hotel in NYC, used to be a Garment District millinery and the Tate Modern in London was once the Bankside Power Station…  This is not a new concept, but new use cases.

So let’s focus on new use cases.  Some new innovation examples come out of our need to exercise and to store, all limitations of our home spaces:

  • Silofit was stared two years ago to repurpose small office spaces by turning them into “micro-gyms” that can be rented by the hour. 
  • US  peer-to-peer storage marketplace Neighbor lets individuals and businesses rent out their unused space for storage purposes—something like the “Airbnb for storage.”

Pandemic oriented use cases come from a need to get closer to the customer for fulfillment.  Ghost kitchens and other food companies using unused commercial space as distribution centers, so produce can be closer to its final destination.

We are also seeing folks creating communities and cohorts to get closer to each other (within social distancing and reason) when larger resources are not available.  For example, New York-based edtech startup SchoolHouse uses commercial space for some of its “microschools.”

Community building as a use case is also on the rise.  Beside education, health care and wellness have led some interesting use cases. This is a good article on reuse and healthcare, albeit from a US perspective.

So what CAN’T we do at home that requires a physical location that can absorb the available office spaces?   Creative labs and maker studios come to mind, especially combined with distance learning.

What is the commonality of these new use cases?   And how will this concept grow?

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