# Crypto investors step up risk management after last year’s meltdowns
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2020-01-08
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Crypto Investors Boost Risk Management Amid Platform
Meta Description: Learn why crypto investors are becoming more cautious in response to recent platform bankruptcies and regulatory pressures, and how they're enhancing risk
URL: https://financedigest.com/crypto-investors-step-up-risk-management-after-last-years-meltdowns-2html

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_By **Christopher Burke**, CEO, Brickendon_

In my experience, there are two primary challenges when it comes to managing and running office space. The first is the universal need to have the space for staff to work effectively and happily and that you can be proud to have as the home for your business. For some this may mean space to inspire and impress clients and for others, it may be dictated by location and connectivity.

The second challenge for businesses is to ensure that their (typically) expensive office can remain economically efficient whilst they help employees to embrace flexible and [remote working](https://www.financedigest.com/remote-working-during-covid-a-successful-social-experiment.html "Remote working during COVID: a successful social experiment"), potentially leaving expensive floorspace unused for prolonged periods.

Whether we like them or not, co-working spaces are changing the way we think about how and where we work – even if they are yet to set the [stock market](https://www.financedigest.com/bitcoin-falls-to-22-month-low-as-stock-markets-tumble.html "Bitcoin falls to 22-month low as stock markets tumble") alight. But, what can [businesses learn](https://www.financedigest.com/tripling-the-size-of-my-business-in-the-pandemic-the-mistakes-made-and-lessons-learned.html "Tripling the Size of my Business in the Pandemic — The Mistakes Made and Lessons Learned") from them? Yes, they can offer plenty of interior design cues and the valuable lesson that staff like nice kitchens with free coffee, but the most interesting thing is the value of using technology and realtime [data to get a better economic](https://www.financedigest.com/european-bourses-steady-as-focus-remains-on-key-economic-data.html "European bourses steady as focus remains on key economic data") performance from your office floorspace – even when embracing a flexible workforce.

The average desk in a London [office costs more than £8,000 a year](https://www.financedigest.com/uaes-adnoc-to-open-swiss-trading-office-next-year.html "UAE’s ADNOC to open Swiss trading office next year")\[1\], so not filling that space properly can feel like pouring money down the drain. Moving to a co-working space is an option, but more [businesses are realising that they should be looking towards technology](https://www.financedigest.com/covid-19-makes-the-case-for-technology-and-automation-for-business-development-in-professional-services.html "Covid-19 Makes the Case for Technology and Automation for Business Development in Professional Services") and data to make the most of the space they already have, before de-camping to a co-working environment.

**Know your space to use it better**

The key is to know how your workspace is being used. To address this, [businesses need](https://www.financedigest.com/do-small-businesses-need-branding.html "Do small businesses need branding?") to equip themselves with detailed Management Information (MI) about desk and meeting room utilisation – the same kind of data that co-working companies use to keep rooms booked, spaces filled and workers happy and productive.

Firstly, by embracing flexible working, you can allow the use of your office space to be [demand and employee driven](https://www.financedigest.com/air-separation-plant-market-to-register-5-cagr-driven-by-surging-demand-for-nitrogen-gas-within-food-beverage-sector-future-market-insights.html "Air Separation Plant Market to Register 5% CAGR Driven by Surging Demand for Nitrogen Gas within Food & Beverage Sector: Future Market Insights"). If this is managed digitally through a software system such as HotDeskPlus, businesses can quickly capture space usage or redundancy trends. Over the medium and long-term, this data can also provide rich insights into workforce [dynamics such as the volumes of staff who prefer fixed spaces working with consistent groups](https://www.financedigest.com/bnp-paribas-buys-majority-stake-in-dutch-firm-dynamic-credit-group.html "BNP Paribas buys majority stake in Dutch firm Dynamic Credit Group") of people, versus those who prefer to work from different spaces.

Organisations can then use this information to make informed decisions about the makeup of their real [estate](https://www.financedigest.com/the-professionals-at-real-estate-funding-solutions-helping-you-find-success-with-commercial-real-estate-loans.html "The Professionals At Real Estate Funding Solutions Helping You Find Success With Commercial Real Estate Loans") and potentially the direction of their business based on real, hard data.

**How to make your space work for you**

[Small changes can go a long way](https://www.financedigest.com/4-ways-small-businesses-can-save-money-while-outsourcing.html "4 Ways Small Businesses Can Save Money While Outsourcing"). But using real data makes it easier to justify [changes that can make a big](https://www.financedigest.com/pharmaceutical-contract-packaging-market-current-impact-to-make-big-changes-2020.html "Pharmaceutical Contract Packaging Market Current Impact to Make Big Changes 2020") difference. Merging [large areas of empty desks into meeting](https://www.financedigest.com/veterinary-tables-market-rise-to-meet-large-demand-in-coming-years-fact-mr-study.html "Veterinary Tables Market Rise To Meet Large Demand In Coming Years, Fact.MR Study") rooms or break-out areas, splitting large meeting rooms into smaller ones, or removing, renting, or selling off surplus space all have the potential to save, or make, significant amounts of money.

However, it isn’t just about the money – it is widely accepted that happy employees, whose workplaces meet their needs, make for better, more productive workers.

Shrinking or changing workspace layouts can seem daunting, with the added worry of people not having space when the office may be at full capacity. These fears can be easily allayed by using a workplace [management system](https://www.financedigest.com/energy-management-system-market-to-register-a-cagr-of-14-8.html "Energy Management System Market to register a CAGR of 14.8%") that enables employees to reserve everything from desks and meeting rooms to bike and car park spaces.

And of course, if [demand begins to out-strip supply](https://www.financedigest.com/all-terrain-vehicle-market-demand-supply-growth-factors-latest-rising-trend-and-forecast-to-2027.html "All-Terrain Vehicle Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2027"), you’ll have live data at hand to make the right changes you need.

**Using workspace** [management to transform your business](https://www.financedigest.com/workforce-management-the-next-cloud-resource-for-businesses.html "Workforce management; the next cloud resource for businesses?")

In an environment where [businesses are coming under increased pressure from all sides to reduce costs](https://www.financedigest.com/simple-ways-to-reduce-business-costs.html "Simple Ways to Reduce Business Costs"), optimising your workspace with the help of a specialised tool is a no brainer. It has been proven to increase desk utilisation by almost 60% and reduce real-estate costs by as much as 55%\[2\]. In a recent [case study](https://www.financedigest.com/demand-from-retail-food-and-beverages-sector-to-account-for-over-70-of-refrigerated-display-cases-sales-study.html "Demand from Retail Food and Beverages Sector to Account for over 70% of Refrigerated Display Cases Sales: Study"), the detailed MI provided evidence for the closure of 11 properties, significantly reducing the client’s real-estate spend.

Implemented correctly, a workspace management system has the potential to transform the [way businesses](https://www.financedigest.com/five-ways-businesses-can-prepare-themselves-for-the-digital-economy-be-kaler-pilgrim.html "Five ways businesses can prepare themselves for the digital economy – Be Kaler Pilgrim") use their real estate. Whether it provides evidence for an immediate reduction in the real-estate footprint, a repurposing of the unused space or simply to aid decisions about where [future growth](https://www.financedigest.com/plug-in-hybrid-electric-vehicles-phev-market-trends-growth-future-demand-analysis-and-forecast-by-2026.html "Plug-in Hybrid Electric Vehicles (PHEV) Market Trends, Growth, Future Demand, Analysis and Forecast by 2026") should be targeted, the potential is huge.


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