Space Utilization & Metrics Team Number: 25 Determine baseline for how Futurecast Impacts: space utilization and metrics Immediate: 0-2 yrs. today (KPI’s, benchmarking Strategic: 2-5 yrs. collateral) Vision: 5-10 yrs. 1 2 3 4 Identify disruptors for future scenarios Finalize Presentation Tools Implemented:
Space Utilization & Metrics Team Number: 25 Education Infrastructure Government Geopolitics Economy Remote learning lowers G5 revolutionizes speed Chief Safety Officer / 3) Increased Recession caused by C19 the barrier of entry for and access and changes Industrial Hygienist for regulations creates a and oil crisis reduce college (more prolific + data consumption office environment nationalist approach severely operating educated workforce) to growth budgets Distributed workforce 1) Increase WFH Social distancing 3) Global labor pool 1) Distributed workforce now located in demand more measures incorporated opens up tertiary suburban offices, closer infrastructure (internet into Code markets for labor to universities. This speeds, etc.) in requirements? arbitrage and financial could drive innovation, suburban locations. Temporary or long savings – with global HR job opportunities for Technology has to term? implications. college interns/grad, reconsider new reduced employment security protocols and costs, etc. sol’ns . 2) 5G allows for Data Privacy legislation 2+3) Best for all is best teleportation and develops new issues in for one, or best for one enhance the world is best for all – cultural communications differences IP privacy concerns – Infectious Disease how to protect in a inspectors as part of virtual world? SEC the building process – compliance? construction environment
Space Utilization & Metrics Team Number: 25 Public Health Demographics Environment Media / Telecomm Wealth Distribution / Social 4) Pandemic mitigation Longer life spans Reduced travel and Peer pressure forces 5) Economic drivers considerations change retirement manufacturing behaviors (masks, (technology access) influence code models stabilizes global social distancing) create 2 classes of regulation for space, warming citizens (have and have operations, HR, etc. nots) 5) WFH requires Gender specific Health cost plummet Naming and shaming employers to re- solutions – restrooms? due to sustainable companies who are evaluate HSE / (India, Middle East) environmental not doing the right ergonomic set-ups and solutions + employee thing funding solutions. effectiveness Hygiene chain of 4) Social rating for custody – use companies practices blockchain for on health and safety connecters – Chinese (Glassdoor) QR code
Space Utilization & Metrics Team Number: 25 Globally distributed workforces are standard Organizations gain access to but fail to get the most Organizations benefit from larger labor pool and rapid out of a global labor pool technology advancement Technology No backbone to support deep connection between employees or to Infrastructure vs. a ensure companies get what they need to effectively use workforce Risk is distributed more evenly and org’s maintain a sustained level of Workforce is ready to work yet they do not have the right tools to business continuity Distributed Workforce : engage consequentially delivering limited results and leaving untapped Less sqft/person but investment in tertiary markets that are more potential on the table. competitive and less expensive help to offset C19 put most organizations Employees will have low engagement, resulting in limited results and Real estate portfolio compresses as WFH + tertiary labor pool increases into unchartered water and productivity Reimaging of the workplace occurs. Workplace could now be areas of Employees need access to reliable technology and tools; the only space resulted in a high degree of collaboration, communication, and true expression of the company’s to attain it is in the office, thereby continuing the reliance on the culture reactive decision structures. workspace. Companies find a way to express culture through technology for Offices reliant on basic utilities (power, broadband, etc.) which the Post C19, successful distributed workforces landlord is contractually not obligated to guarantee Emerging economies (even at a local scale) will jump technology organizations will capitalize generations during development Rapid on the WFH learnings by IoT is critical as everything is interconnected. Teleportation, driverless Current development technologies, new ways of communicating create demand for 5g+ compressing real estate and infrastructure of remains Organizations lack workplace innovation and continue Organizations suffer from poor ROI and high localized infrastructure tapping into global, tertiary to firefight risks labor markets. They will put Current Orgs will be very reactionary if a similar situation arises (will be like Feb Org are not getting the full benefit of technology development increased emphasis on the State of 2020). Underutilized technology results in poor ROI No innovation to the workplace technologies that improve High investment and low/no adoption to tech because there is no need Not using the expanses of technology to innovate the workplace yet distributed work thereby Less diversification of risk due to local labor pools and central HQ’s. Less diversification of risk due to localized labor pools (i.e. pockets of outbreak). High pockets of risk in certain areas fast-tracking innovations in Continued reliance on size and scope of the workplace (RE Portfolio) Some breakout organizations using technology to its fullest results in Sqft per person has increased (social distancing) therefore higher real technology. Company economic winners and losers estate costs for organizations culture expression will Sqft/person goes up. Cost of real estate gets higher and cost of Less efficient use of real estate compared to pre-C19 metrics technology goes up as well. evolve into the physical and Health and Safety may continue to be a concern for employees/orgs Working protocols will change to accommodate Health & Safety digital workspace. Local labor force is standard
Space Utilization & Metrics Team Number: 25 Technology vs. Cultural Influences Culture rules the way world responds to changes Technology fights culture Technology affects the removal of cultural 5G/ Teleportation and cultural differences influences Current technology stays. Regionalization of The COVID-19 pandemic has technology advancements all driven by local forces – 5G and other digital technologies drive the society culture, identity. into the future and connect us beyond mobile phones, forced people and businesses to driving AI to replace “ mobile” devices in the next 5 adapt to remote working and Less progress in feeling the world is “one place” to live years. Everyone can be everywhere at the same time. and work. related technology regardless of Sex, gender, religion, national original or geo place on the level of their preparedness. Local codes and unique issues suppress massive globe would not matter. Physical presence not While we might have expected digitalization and global competence. required for most jobs. AI brings backroom our working environments, Strong cultural identity but processes not supported automation and sophistication. More gadgets. processes, and routines to evolve by advanced technologies. Current Universal competence and knowledge. Virtual prayer over time, we've been thrown rooms or any other unique personal requirements. Trade wars. State directly in the deep end. Sweeping Companies will be forced to make Current digitalization Technology adaptation is delayed due to cultural Technology leaves room for cultural differentiators enhancements in their technology state of across globe difference locally or globally Technology Organizations and businesses will demonstrate greater platforms including 5G, virtual Societies where remote work is not allowed or flexibility to support a broader range of work calls, and Teleportation. Cultural supported make small changes towards acceptance. situations and scenarios for their employees; i.e. differences might be gradually Policies dictating Who What When and Where are a companies that formerly had a strict 'in-person' removed with the technology must. Increased regulation and costs associated with workplace culture might ease up on their acceleration and adaptation; or, new positions managing this process. requirements and allow employees the flexibility to because of cultural uniqueness, work from home, when the need arises. Some companies could be scrambling to solve urgent technology won’t be implemented security, data, and collaboration issues related to Likely see shifts in attitudes and workplace culture at the same level throughout the remote work without much preparation leaving them that will ultimately result in organizations being more world. vulnerable to security risks as well as unnecessary flexible and accommodating of different work styles. inefficiencies in the companies workflow Cultural issues stay as is
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