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People Feature: Addicted to your smartphone? How to understand 'world’s smallest slot machine'

Brij Palicha, people and talent expert at PA Consulting, comments on smartphone overuse, and notes that digital devices such as videos and checklists can drive productivity.

The article notes that fund professionals who spend a lot of time on their smartphone could benefit from digital resilience training to counteract the threat of problem use. Experts say a mindful and sustainable approach, particularly with “immersive” social media, could help fund industry workers be more productive and less compulsive.

The advice comes as a survey of Ignites Europe readers shows that 63 per cent of 61 respondents worry about how much time they spend on the internet. Asset management professionals could be susceptible if they are tethered to their phones and screens, whether monitoring the markets or responding to clients. Employers could help employees build digital resilience, including training on immersion, the algorithms that keep people connected and create biases, as well as how avoidance, escalation and mood modification works.

Brij says organisations should be “brave and turn the problem of digital addiction into an opportunity.

He adds: Digital devices such as videos and checklists, which can be accessed when needed, can be used to drive productivity and are helpful in the elimination of formal training altogether. “Our phones are now such a major part of our lives. [The fact] we’re attached to them at work isn’t always a bad thing.”

Brij continues: “The opportunity to switch off is important but we shouldn’t lose sight of the advantage technology brings too.”

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