What is Horizon Scanning?

What is Horizon Scanning?

GUEST POST from Art Inteligencia

Horizon scanning is the process of monitoring, analyzing and predicting potential future events and trends that have the potential to affect a given organization, industry or sector. It is a proactive approach that helps organizations anticipate emerging risks and opportunities. This article will explore what horizon scanning is, its key characteristics, and how it can benefit an organization.

Characteristic 1: Proactive Analysis

The main purpose of horizon scanning is to be proactive in preparing for potential future events. It involves looking at the current environment and predicting upcoming trends and events that can affect an organization. It is not a reactive approach that only responds to events after they have occurred.

Characteristic 2: Systematic Process

Horizon scanning is a systematic process that involves identifying, analyzing and monitoring potential future events and trends. It involves looking at factors such as economic, political, technological, environmental and social. This helps organizations identify risks and opportunities before they become apparent to the general public.

Characteristic 3: Analyzing Data

Horizon scanning involves collecting and analyzing data to help identify potential future events. Organizations use a variety of data sources such as newspapers, magazines, industry reports, surveys and other sources to help identify emerging trends.

Characteristic 4: Interdisciplinary Approach

Horizon scanning requires an interdisciplinary approach that involves collaboration between different disciplines. This could include marketing, finance, operations, research and development, and other departments. By working together, organizations can identify potential trends and events that may affect their operations.

Characteristic 5: Benefits

The benefits of horizon scanning are numerous. It can help organizations stay ahead of the competition, prepare for potential risks, identify new opportunities and develop strategies to take advantage of them. By being proactive, organizations can anticipate the future and be well-prepared for any event that may occur.

In conclusion, horizon scanning is an important process for organizations to stay ahead of the competition. It involves a systematic and interdisciplinary approach that involves monitoring, analyzing and predicting potential future events and trends. By taking a proactive approach, organizations can identify potential risks and opportunities before they become apparent to the public.

Bottom line: Futurology and prescience are not fortune telling. Skilled futurologists and futurists use a scientific approach to create their deliverables, but a methodology and tools like those in FutureHacking™ can empower anyone to engage in futurology themselves.

Image credit: Pixabay

Subscribe to Human-Centered Change & Innovation WeeklySign up here to get Human-Centered Change & Innovation Weekly delivered to your inbox every week.

Leave a Reply

Your email address will not be published. Required fields are marked *