Concept
Horizon scanning
Related concepts (4)
Technology forecasting
Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques. Researchers create technology forecasts based on past experience and current technological developments. Like other forecasts, technology forecasting can be helpful for both public and private organizations to make smart decisions. By analyzing future opportunities and threats, the forecaster can improve decisions in order to achieve maximum benefits.
Futures studies
Futures studies, futures research, futurism or futurology is the systematic, interdisciplinary and holistic study of social/technological advancement, and other environmental trends; often for the purpose of exploring how people will live and work in the future. Predictive techniques, such as forecasting, can be applied, but contemporary futures studies scholars emphasize the importance of systematically exploring alternatives. In general, it can be considered as a branch of the social sciences and an extension to the field of history.
Foresight (futures studies)
In futurology, especially in Europe, the term foresight has become widely used to describe activities such as: critical thinking concerning long-term developments, debate and for some futurists who are normative and focus on action driven by their values who may be concerned with effort to create wider participatory democracy. Foresight is a set of competencies and not a value system, however. shaping the future, especially by influencing public policy.
Risk management
Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.