Bangalore Leads as India’s Largest Market for Flexible Workspaces

The flexible working space constituted about eight percent of the total absorption (3.42 million sq ft) in 2017 as compared to three percent share in 2016. According to a report, Bangalore remains the dominating market with almost 32 percent share of the overall flexible workspaces pie in 2017, followed by Mumbai with almost 18 percent share.

“We can say that 2018 is likely to be an active year in the flexible workspace sector, fueled by an increase in end-user demand from the IT industry. It is looking for ways to mitigate real estate costs and seeking flexible solutions. By avoiding long-term leases and the flexible workspace sector, occupiers across the market are seeking to minimise risk and are set to be the beneficiary of this uncertainty” asserted Senior Director, Office Services at Colliers International India.

The flexible workspace operators amounted to 1.1 million sq. ft., approximately seven percent of Bangalore’s total office market absorption, in 2017.
Bangalore remains the largest market for flexible workspaces in India and has the largest share of technology start-ups. Initially characterised by domestic operators, the market now has a more diverse range with international entrants including WeWork, The Executive Centre and Regus.

With approximately 23 percent of the flexible workspace operator transactions for the year, the CBD has remained one of the preferred locations. Other notable districts were SBD (28 percent) and Koramangala (18 percent). Despite being the technology hub of Bangalore, Outer Ring Road (ORR) had a share of only four percent, says the report.

Mumbai
Mumbai too is quickly catching up with Bangalore in the flexible workspace market. Occupiers in Mumbai are embracing the trend for the flexible workspace to cater to this increased demand, and various local operators have expanded at a rapid pace, fuelled by external investment.

Mumbai’s traditional CBD, Nariman Point, accommodates relatively small flexible workspace locations and most operators are planning to concentrate on the new financial hub of the city, BKC, and surrounding areas. The take-up by flexible workspace operators in Mumbai increased from 380,000 sq ft in 2016 to more than 600,000 sq. ft. (0.6 million sq. ft.) in 2017. In 2017, flexible workspace accounted for 12 percent of the total market take-up and remains concentrated in SBD locations such as BKC, Andheri and Worli, says the report.

The trend is expected to continue in 2018 due to the restricted supply in key markets in Mumbai. Companies such as iKeva and Avanta have recently announced expansion plans. Major operators present in the Mumbai market are a mix of international and domestic names including WeWork, Regus, Awfis, Avanta Business Center, Innov8 and Ikeva.

A Senior Executive Director, Mumbai & Developer Services at Colliers International India aserted, “Currently flexible workspace operators have a strong presence in major commercial hubs such as BKC, Andheri, Powai, Vikhroli and Lower Parel. While their footprint has increased tremendously in the last year it has been confined predominantly to these locations. However, we expect growth in 2018 to occur across all micro-markets in rambuildingconsultancy.co.uk.”

Artificial Agencies IT Defenders

If 2017 taught us anything, it’s that you can’t be complacent about your cybersecurity strategy. And as the driving force behind McAfee’s security research and development, you’d expect Chief Technology Officer, Steve Grobman, to have more to worry about than most.
“You could spend all day being concerned about almost anything,” he laughs, when I ask him what threats people should be looking out for.
But there is one big issue facing all companies today. How do you deal with the fast-changing threat landscape whilst continuing to protect yourself against the threats you were worried about yesterday?

“That’s creating a lot of new challenges for an IT defender to comprehend in order to protect their environment,” Grobman says.

Artificial Intelligence has become the latest buzzword in cybersecurity spaces and McAfee is now integrating these capabilities into its latest product offerings.
And it’s easy to see why. When technology has been trained properly, it can be very good at processing massive quantities of data and seeing patterns. Unfortunately, what technology is not so good at is using intuition to spot a new attack pattern or recognize an evasion tactic.

“One of our observations is that there are certain types of things machines are good at and there are things that humans are good at, that machines aren’t,” Grobman explains. “Where a defense strategy can be most effective is when you have a strategy that has the best elements of both working together.”

To those versed in cybersecurity, it’s a well-known fact that the attacker has an inherent advantage over the defender and part of that reason is the attacker’s ability to move faster than the defender.

“When we want to deploy it [a new product] to our customers we have to develop it, put it through our internal quality assurance cycle, have our customers acquire it. They have to put it through their quality assurance cycle then they have to go through a deployment cycle,” Grobman tells me. “All of this can take weeks, possibly months. If you’re an adversary, you can build yesterday and deploy today. Time is very much on the side of the attacker.”
This scenario doesn’t change when AI becomes involved. In fact, it brings with it its own unique set of challenges. However, Grobman’s concerns aren’t from the Elon Musk school of thought.

“I am more worried about overly trusting the outcomes from AI as opposed to it going rouge per-say,” he explains. “There can sometimes be an overconfidence in the ability for AI to do things that they’re not really doing. With AI or machine learning, you can actually have a model that looks very good but is actually worthless.”

To demonstrate this problem, Grobman built his own machine learning model that he claimed could predict the winner of the Super Bowl. On the surface the model worked, correctly predicting the outcome nine out of 10 years. However, Grobman intentionally over trained the model, having it learn the noise of the games he knew he would be testing it on, rather than developing it to understand anything about American football.

“The point is, when you apply it to cybersecurity there’s a lot of companies that are saying ‘here’s how amazing our machine learning model is. Look how effective it is!’ and you really just have to understand some of the nuance of how it’s being positioned. Is it being trained? Is it being tested on things that are very similar to what it was trained on? Those are the things you need to worry about.

“Most of these models don’t really know what an attack is. It’s not like a person who’s saying, ‘there’s bad things happening – this is an attack’. It’s based off the attack looking similar enough to things that it’s been conditioned or trained on so it’s able to classify it correctly. Which is a real risk.”
This very real problem only reinforces Grobman’s belief that man and machine need to work together in order to tackle these emerging security issues. Unfortunately, an increasing cybersecurity skills gap is threatening to undermine that working model and seriously impact on how companies deal with security.

“All organizations will need a combination of technology and people and different types of organizations have different levels of ability to pay for individuals of varying talent. So, you’re going to see cyber security issues impacting organizations that haven’t traditionally had major issues.”

And in some ways, this is set to be the biggest security challenge facing companies in the coming years. How do companies develop and deploy technology that is not only successful from a cybersecurity point of view, but can also improve the efficiency of people, to help mitigate the labor shortage.
So, what can we expect to see more of in the future? Grobman believes we’re going to see cloud breaches that will have catastrophic impacts on organizations or people.

“I think we saw the beginnings of that with the Yahoo breach. You know, one single breach impacted three billion accounts. That’s a scale unlike anything we’ve previously seen. I think we’ll see more breaches related to non-traditional devices.”
Grobman ends our conversation on a relatively somber note, keen to acknowledge that while companies like McAfee are continuing to fight the good fight against these emerging threats, the battle is nowhere near won.

“I think the sophistication of attacks will grow,” he concludes. “All the great technology that defenders are using today is going to be used to make attacks more effective and we need to get ready for it.”

AI & MA is going to fly high in Future

This is a contributed piece from Emil Eifrem, CEO of Neo Technology, the company behind graph database, Neo4j.

Amazon has taught us the value of being able to predict what else customers might want to buy, by analysing online sales data. It’s a lesson that any retailer wishing to survive needs to start learning – and applying.
But to do so, retailers need not only to know about my past purchases, but be able to instantly combine this knowledge with any new interest shown during the customer’s current visit to offer recommendations.

How? Simple: they need to understand the customer intent by analysing a host of clues offered by the customer, interrogate this data at lightning speed to serve up uncannily relevant recommendations and so generate great, tailored offers – offers that become increasingly more accurate, as the recommendation engine gathers more data and learns more about the customer in the process.

To accomplish this requires a combination of NL (Natural Language) processing, ML (Machine Learning), accurate predictive analytics, a distributed, real-time storage and processing engine and, I contend, a graph database to make all the real-time data connections required.

Why do I say that? Let’s look at a real-world example of just such a combination – eBay’s AI-based ShopBot is built on top of a graph database. That graph layer directly enables the system to answer sophisticated questions like, ‘I am looking for a brown, leather Coach messenger bag costing less than $100, please find me those’.

ShopBot asks qualifying questions and will quickly serve up relevant product examples to choose from. The functionality is impressive – you can send the bot a photo with a direction such as, ’I like these sunglasses, can you find similar models?’ and it will employ visual image recognition and machine learning to figure out similar products for you, in milliseconds.

All this is done by using NL processing techniques to figure out your intent (text, picture and speech, but also spelling and grammar intention are parsed for meaning and context), while the graph database (using Neo4j) helps to refine the search against inventory with context – a way of representing connections based on shopper intent that’s shaping up to be key to the bot making sense of the world in order to help you.

That context is stored, so that the ShopBot can remember it for future interactions. So when a shopper searches for ‘brown bags’ for example, it knows what details to ask next like type, style, brand, budget or size. And as it accumulates this information by traversing the graph database, the application is able to quickly zero in on specific product recommendations.

Why relational isn’t your best friend here
Tapping into human intent like this and delivering highly responsive, accurate help is the Holy Grail of what applied AI can offer. In this discussion on conversational commerce the example is well made: in response to a statement, My wife and I are going camping in Lake Tahoe next week, we need a tent, most search engines would react to the word ‘tent’ and the additional context regarding location, temperature, tent size, scenery, etc. is typically lost.

This matters, as it’s this specific information that actually informs many buying decisions – and which graphs help empower computers to learn. Context drives sophisticated shopping behaviour, and graph technology is the way to open it up for a retailer.

But you can’t get there the way you’re going now. The traditional way of storing data is ‘store and retrieve’, but that doesn’t give you much in terms of context and connections – and for your searches and recommendations to be useful, context needs to come in.

To help improve meaning and precision, you need richer search, which is what AI-enriched applications such as chatbots give us.

Graph databases are now one of the central pillars of the future of applied AI, and graph is shaping up as the most practical way of getting there.

Stop the Storm of Diabetes

The body’s blood sugar is controlled by insulin, a hormone produced by the pancreas in the abdomen. Insulin acts on food in the bloodstream to move glucose into cells, where it is broken down to produce energy.

Diabetes is a chronic condition in which cells are unable to break down glucose into energy. This is due to insufficient production of insulin or the insulin produced does not function properly. The former, which is much more common, is called type 2 diabetes, and the latter, is type 1 diabetes.
During pregnancy, it is possible for blood glucose levels to reach levels that the insulin produced is insufficient for all of it to be moved into cells (gestational diabetes).

Many people have raised blood glucose levels that are not high enough for a diagnosis of diabetes (prediabetes), which is a wake-up call that the person is en route to diabetes.

Data from National Health and Morbidity Surveys
The prevalence of diabetes in Malaysia’s National Health and Morbidity Survey in 1986 was 6.3%. This increased to 8.2% in the National Health and Morbidity Survey in 1996 and 17.5% in the National Health and Morbidity Survey in 2015.

At the current rate of increase, about one in five Malaysians will be diabetic in 2020. The findings from NHMS 2015 of the overall prevalence of diabetes were:

• There was an increase in overall prevalence with age, with an increasing trend from 5.15% in the 18-19 years age group to a peak of 39.1% in the 70-74 years age group
• The overall prevalence in females was 18.3% and 16.7% in males
• Indians had the highest overall prevalence at 22.1%, followed by Malays at 14.6%, Chinese at 12.0% and Other Bumiputras at 10.7%.
Of the known diabetics, the findings included:
• The prevalence of known diabetes was 8.3% with an increasing trend from 0.7% in the 20-24 years age group reaching a peak of 27.9% in the 70-74 years age group
• The prevalence of known diabetics in the urban areas was 8.7% and 7.2% in the rural areas
• The prevalence in females was 9.1% and 7.6% in males
• Indians had a prevalence of known diabetes at 16.0%, followed by the Malays at 9.0%, Chinese at 7.7% and Other Bumiputras at 6.8%
• 25.1% claimed that they were on insulin therapy and 79.1% on oral anti-diabetic medicines within the past two weeks
• 82.3% had received diabetes diet advice from healthcare personnel
• Healthcare professionals had advised 69.6% to lose weight.
• Healthcare professionals had advised 76.8% to become more physically active or start exercising.
• 79.3% sought treatment at Health Ministry facilities (59.3% at clinics and 20.0% at hospitals) and 18.7% at private facilities (15.1% at clinics and 3.6% at hospitals);
• About 1.5% self-medicated by purchasing medicines directly from pharmacies; and 0.5% were on traditional and complementary medicine.
Of the undiagnosed diabetics, the findings included:
• The prevalence of undiagnosed diabetes was 9.2%, with an increasing trend from 5.5% in the 18-19 years age group reaching a peak of 13.6% in the 65-69 years age group
• Prevalence was 9.2% in females and 9.1% in males;
• Indians had a prevalence of undiagnosed diabetes at 11.9%, followed by the Malays at 9.8%, Others at 8.6%, Other Bumiputras at 8.1% and Chinese at 7.7%.
Of the pre-diabetics (the term used in NHMS 2015 was impaired fasting glucose), the findings included:
• The prevalence was 4.7%;
• There were no statistical differences by age groups, gender and between urban and rural areas;
• Indians had a prevalence of pre-diabetes at 7.7%, followed by Malays at 5.2%, Others at 4.3% and Chinese at 3.8%.
Going forward

Whenever experiencing symptoms such as increased thirst, frequent urination (especially at night), significant fatigue, weight loss, muscle loss, itching in the genitals, recurrent fungal infections, delayed wound healing, and blurred vision, individuals should seek medical attention promptly.

Type 1 diabetes can develop over weeks or even days.

Overweight, obesity, and inactivity often associate with Type 2 diabetes. The overweight comprises 37.3% of the Malaysian population and the obese 12.9%. The estimation shows that 51.6% of the population is physically inactive. Many people with type 2 diabetes are unaware they have the condition because the early symptoms are often non-specific.

The complications of diabetes are multitude and include an increased risk of heart disease and stroke; damage to nerves; damage to the retina in the eyes; kidney disease and failure; foot ulcer; erectile dysfunction; sexual hypo function in women; miscarriage and stillbirth.

Due to delayed detection, diabetics are more likely to present for the first time with complications. The increase in the number of diabetics seeking treatment will increase the country’s health expenditure substantially. Diabetic complications will further increase this.

With about 80% of diabetes patients currently seeking treatment at Health Ministry facilities, the burden to the country will be substantial.
The medical profession recently received directives from the Health Ministry on Ebola virus disease management. This is important for preparedness, although there is no reported case of Ebola infection in Malaysia, as the mortality from Ebola infection is around 50%.

According to the World Health Organization, Malaysia has no operational policy /strategy /action plan for diabetes and the reduction of physical inactivity.
This incongruence is difficult to understand particularly when the diabetes epidemic in the country continues unabated.

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