EstimationEstimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter".
Emerging technologiesEmerging technologies are technologies whose development, practical applications, or both are still largely unrealized. These technologies are generally new but also include older technologies finding new applications. Emerging technologies are often perceived as capable of changing the status quo. Emerging technologies are characterized by radical novelty (in application even if not in origins), relatively fast growth, coherence, prominent impact, and uncertainty and ambiguity.
Foresight (futures studies journal)Foresight: The Journal of Futures Studies, Strategic Thinking and Policy is an international bi-monthly journal published by the Emerald Publishing Group. The name connotes the term "foresight" as it is used in futures studies. Established in 1999, the journal provides a powerful framework and set of techniques that allow for understanding trends and drivers shaping the world, exploring alternative futures, setting priorities and formulating strategies for action.
Futures techniquesFutures techniques used in the multi-disciplinary field of futurology by futurists in Americas and Australasia, and futurology by futurologists in EU, include a diverse range of forecasting methods, including anticipatory thinking, backcasting, simulation, and visioning. Some of the anticipatory methods include, the delphi method, causal layered analysis, environmental scanning, morphological analysis, and scenario planning. Delphi method The Delphi method is a popular technique used in futurology.
PredictionA prediction (Latin præ-, "before," and dicere, "to say"), or forecast, is a statement about a future event or data. They are often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference from "estimation"; different authors and disciplines ascribe different connotations. Future events are necessarily uncertain, so guaranteed accurate information about the future is impossible. Prediction can be useful to assist in making plans about possible developments.
H. G. WellsHerbert George Wells (21 September 1866 - 13 August 1946) was an English writer. Prolific in many genres, he wrote more than fifty novels and dozens of short stories. His non-fiction output included works of social commentary, politics, history, popular science, satire, biography, and autobiography. Wells' science fiction novels are so well regarded that he has been called the "father of science fiction".
Molecular nanotechnologyMolecular nanotechnology (MNT) is a technology based on the ability to build structures to complex, atomic specifications by means of mechanosynthesis. This is distinct from nanoscale materials. Based on Richard Feynman's vision of miniature factories using nanomachines to build complex products (including additional nanomachines), this advanced form of nanotechnology (or molecular manufacturing) would make use of positionally-controlled mechanosynthesis guided by molecular machine systems.
Technology scoutingTechnology scouting is an element of technology management in which (1) emerging technologies are identified, (2) technology related information is channeled into an organization, and (3) supports the acquisition of technologies. It is a starting point of a long term and interactive matching process between external technologies and internal requirements of an existing organization for strategic purposes. This matching may also be aided by technology roadmapping.
