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Cloud-enabled Workforce Models to Disrupt and Shape Future Asia Pacific WorkplacesGURUGRAM, India, September 18, 2018 /PRNewswire/ -- Landlords, occupiers to rethink operating strategies according to changing workforce demands: Colliers Research Colliers International released its latest insights report - Flex, Core and the Cloud: A Blueprint for the Future Asia Pacific Workplace. The report, based on field research and interviews with some of the world's leading organisations in the technology, financial services and FMCG industries, addresses the adoption of cloud technology in companies' workforce models and broader implications for productivity and employee well-being. Cloud computing, fueled by Internet of Things (IoT), has given rise to a new era of real estate possibilities for Asia Pacific companies and their workforces. By allowing firms to store and process virtually limitless amounts of data remotely, the cloud is enabling what Colliers International terms the Internet of the Workplace (IoW) - a digitally integrated enterprise architecture that exists in the virtual as well as the physical realm, connecting employees and allowing them to collaborate regardless of location. "With physical infrastructure struggling to keep pace with the ever-advancing technology, the need to be 'connected' has never been more important. Remote working and access to data are forefront in firms becoming efficient and agile. Flex & Core is a pioneering concept, which allows firms to commit only to a certain % of real estate whilst keeping flexibility to increase or decrease their portfolio depending on the ever-changing business environment", says Ritesh Sachdev, Senior Executive Director, Occupier Services at Colliers International India. With a 7% share of total leasing volume in H1 2018, flexible workspace operators are making their presence felt in the market. Besides its cost-effectiveness and flexibility, use of flexible space is becoming more popular due to increasing uncertainty among occupiers regarding their future headcount growth. One expects the coworking concept to continue expanding notably in cities such as Mumbai, Bengaluru and NCR. Like any transformation, clouding the workforce can prove disruptive for enterprises and the commercial real estate industry, forcing landlords and occupiers to adapt to new demands. Through careful planning and the right approaches companies can navigate this disruption while capturing the benefits of the cloud. The four stages on the IoW curve are: 1) Traditional
3) IoW Adopter
4) IoW Powered
Exercise caution Despite the obvious benefits of IoW models, IoT by definition comes with a compromise on data security and companies' increasing reliance on connected technologies creates heightened security risks, making data protection a significant challenge. A recent study showed, with more enterprises adopting BYOD policies, one in three CIOs in Hong Kong see their own employees as the organisation's biggest security vulnerability. Impact for Occupiers & Landlords Occupiers - Adopting cloud computing solutions help to reduce in-house infrastructure and real estate footprint resulting in lower capital and operational expenditure - Adopting BYOD policy and encouraging employees to work remotely reduces dedicated space allocation and enhances space efficiency - Positive impact on employee well-being and productivity with adoption of IoT - Adoption of IoW technologies makes offices more agile and enables cross-team collaboration Landlords - Develop more flexible lease structures and spaces to accommodate changes in occupier demands - Ensure buildings and office spaces are designed in a way to respond to rapid changes in occupier headcount - Consider alliances with flexible workspace operators to enhance the flexibility of their property portfolio - Evaluate whether the technical infrastructure of properties is sufficient to support IoW models To download the full report, visit here. About Colliers International Group Inc. Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 13,000 skilled professionals serving clients in the world's most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. For the latest news from Colliers India, visit http://www.colliers.com/en-gb/india. To follow us on twitter, simply click on this twitter handle @Colliersintlind and to follow us on LinkedIn, simply click here. For further information, please contact: 
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