\u201cEveryone recognizes it, but at the identical time, only a couple of people have actually mobilized or taken motion with regard to their portfolio,\u201d Mr. de los Reyes said throughout the property consultancy firm\u2019s second-quarter market briefing on Thursday.<\/span><\/p>\nThe execution gap comes as firms rethink the role of office space amid growing AI adoption.<\/p>\n
JLL found that 76% of organizations are prioritizing long-term CRE transformation, while 66% are pursuing AI-driven buildings.<\/p>\n
Nevertheless, rising operating costs and investment requirements proceed to slow implementation.<\/p>\n
The consultancy said the largest barriers to creating value from AI are skills gaps in AI and emerging technologies (48%), organizational silos (36%), and regulatory complexity (32%).<\/p>\n
In response to JLL, shortages in AI-related skills have overtaken budget constraints because the leading obstacle to transformation for the primary time within the survey\u2019s 15-year history.<\/p>\n
Mr. de los Reyes said firms see AI as a tool to revamp jobs fairly than reduce headcount.<\/p>\n
\u201cBy way of what organizations view, it\u2019s actually the other. There\u2019s more talent sparsity, so it\u2019s really more about reskilling our current talent pool versus eliminating or reducing headcount.\u201d<\/p>\n
He added that firms need to adopt smart-building technologies but remain cautious in regards to the costs related to automation.<\/p>\n
JLL\u2019s survey showed that 52% of respondents identified economic volatility and budget pressures as the largest risks to their real estate portfolios over the following three to 5 years.<\/p>\n
Despite these challenges, Mr. de los Reyes said occupiers proceed to favor higher-quality office space, with firms increasingly selecting prime locations and future-ready workplaces offering hospitality-grade services and customised workplace experiences.<\/p>\n
\u201cIt\u2019s not just how big, but what sort of space can we envision for our organization,\u201d Mr. de los Reyes said, adding that the office has evolved into an experiential destination.<\/p>\n
To bridge the execution gap, JLL said organizations should partner with external providers where internal AI expertise is lacking and strengthen collaboration amongst human resources, information technology, and finance teams. \u2014 Juliana Chloe A. Gonzales<\/b><\/p>\n<\/p><\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
STOCK PHOTO | Image by Pressfoto from Magnific ONLY 18% of Philippine firms have begun adjusting their office portfolios for artificial intelligence (AI) despite 79% expecting the technology to significantly reshape corporate strategy over the following three to 5 years, in line with a JLL survey. JLL Philippines Head of Research and Advisory Janlo de […]<\/p>\n","protected":false},"author":1,"featured_media":375052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[11110,54471,54,5106,2632,679],"class_list":["post-375051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-firms","tag-jll","tag-office","tag-slow","tag-strategy","tag-translate"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t