Up there with "innovation", "lean startup" and "design thinking", the latest word to make it to buzzword-bingo is "Lab". Whatever you think the definition of a Lab is, it is not what you think. I see them more as a workspace that let's people collaborate right there on the spot, not at an offsite space where only a special few congregate. If a company calls their workspace a lab, it means anyone can take their gear, desk, and move it to be close to their collaborators.
Great! But what difference does that make?