• News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Well Being
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
Twitter LinkedIn YouTube
Trending
  • Are You Ready For The Day When Mental Health & Welbeing Is A Legal Requirement At Work?
  • Document Management Company Celebrating Award Success For Third Consecutive Year
  • Podcast advertising: A lesser-known secret to marketing success
  • 7 effective tips for achieving a better work-life balance as a self-employed professional
  • Education and Culture: Tools against workplace stress
  • Ensuring Ethical AI Practices Tailored to Your Industry’s Needs
  • European Business Lenders Forecast Spiralling Fraud Rates
  • Autumn Statement sparks SME hope, but there is more work to be done
Twitter LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
You are at:Home»Technology»Half of businesses looking for space in the Metaverse to facilitate hybrid working
Metaverse

Half of businesses looking for space in the Metaverse to facilitate hybrid working

0
By sme-admin on August 10, 2022 Technology

Meetings in the Metaverse could become reality for millions of UK workers in the near future after a new study found that hundreds of businesses are looking for, or building, office space in the virtual technology.

Research undertaken by Regus, part of the world’s largest flexible workspace group IWG, found that two thirds (66%) of business leaders view the Metaverse as the natural progression for hybrid working, and that half (48%) are exploring office space within the online world for their employees.

Enabling workers in different locations to interact via 3D avatars, bosses believe the Metaverse will have a significant impact on the way we work. 70% expect it to increase demand for flexible working, as it will reduce the need for staff to work from the same office location.

Business leaders also believe that the flexibility offered by the Metaverse will bring a host of other benefits, including more diverse workplaces (62%), improved mental health (57%), reduced presenteeism (54%) and better relations between remove and office-based staff (54%). Seven in 10 (71%) also think it will present new business opportunities, welcome news amidst fears of a recession on the horizon.

But despite bosses’ enthusiasm for the Metaverse, there are fears among office workers that businesses will not be brave enough to take the plunge on the new tech. Nearly two thirds (63%) think their employer will wait to see how other businesses fare before investing themselves, while less than half (46%) think their company will be an early adopter of the Metaverse. Just 6% think their business will adopt the tech in the next 12 months, with most (33%) expecting it take 3-4 years.

Employee enthusiasm for the tech to be adopted quickly is driven by its perceived benefits. Communication between team members (44%), teamwork (41%), remote working opportunities (40%) and creativity (39%) were identified by staff as the greatest advantages of working in the Metaverse.

When it comes to implementing the new tech, 56% of business leaders say shared office space will be key. 61% are so bullish on its prospects that they believe it will become crucial for communications between different company offices.

A separate study** by Regus found that three times the number of FTSE 250 companies are looking to use a hybrid office model compared to those looking to carry on in the same way as pre-pandemic, suggesting that the appetite for working in the Metaverse will only increase. Regus’ parent company, IWG, has committed to opening 1,000 new spaces in 2022 to cater to this demand, with the majority set to open in rural and suburban locations

Mark Dixon, Regus Founder and CEO, said: “Change in the world of work is almost always driven by technology. In the 90s email transformed the way we did business, while during the pandemic we turned to video conferencing to enable more effective working.”

 “This data shows that business leaders expect the Metaverse to have a similarly transformative effect on hybrid working. It will enable better collaboration for people working all over the world, reducing the need to commute and allowing greater flexibility in people’s day to day working schedules.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ensuring Ethical AI Practices Tailored to Your Industry’s Needs

Unlocking the power of responsible AI adoption for SMEs

Ensuring Ethical AI Practices Tailored to Your Industry’s Needs

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list to receive the latest news and updates from SMEToday
Read our Latest Newsletter:

Sign Up
Events Calendar
    • Marketing
    November 24, 2023

    Ten Red Flags to Look for When Hiring a Marketing Agency in 2024

    November 13, 2023

    The Power of a Name – Expert Tips for Naming Your Business

    • Finance
    November 29, 2023

    European Business Lenders Forecast Spiralling Fraud Rates

    November 27, 2023

    Autumn Statement sparks SME hope, but there is more work to be done

    Protean Inbound Marketing
    • Health & Safety
    November 21, 2023

    Fire Safety: How to Protect Your Business With 5 Simple Steps

    September 5, 2023

    The Importance of Preventing Falls in the Workplace

    Discover Maximizer
    Discover Maximiser
    • Events
    November 15, 2023

    The Great Christmas Raffle Raising Vital Funds For Charities

    September 28, 2023

    Brighton Half Marathon Youth Races Returning in 2024

    • Community
    November 17, 2023

    Cherishers 811 CIC Wins Bronze & Silver Stevie® Award In 2023 Stevie Awards For Women In Business

    November 15, 2023

    The Great Christmas Raffle Raising Vital Funds For Charities

    • Food & Drink
    November 8, 2023

    Brownie business reaches ‘epic’ proportions with support from Delivered UK and The APC network

    August 8, 2023

    London’s Remote Work Coffee Shop Guide: work-friendly independents and small chains closest to every tube stop in London’s Zone 1

    • Books
    November 27, 2023

    Why Too Much Ego is Disastrous in a Transformation Project

    November 16, 2023

    The Fenton Elliott Business Book Club

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    Twitter YouTube LinkedIn
    Most Recent Posts
    December 5, 2023

    Are You Ready For The Day When Mental Health & Welbeing Is A Legal Requirement At Work?

    November 30, 2023

    Document Management Company Celebrating Award Success For Third Consecutive Year

    November 30, 2023

    Podcast advertising: A lesser-known secret to marketing success

    November 29, 2023

    7 effective tips for achieving a better work-life balance as a self-employed professional

    November 29, 2023

    Education and Culture: Tools against workplace stress

    Categories
    • Books
    • Community
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport
    • Well Being
    Copyright © 2020 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.