Tag Archives: futurist

Unintended Consequences.  The Hidden Risk of Fast-Paced Innovation

Unintended Consequences.  The Hidden Risk of Fast-Paced Innovation

GUEST POST from Pete Foley

Most innovations go through a similar cycle, often represented as an s-curve.

We start with something potentially game changing. It’s inevitably a rough-cut diamond; un-optimized and not fully understood.  But we then optimize it. This usually starts with a fairly steep leaning curve as we address ‘low hanging fruit’ but then evolves into a fine-tuning stage.  Eventually we squeeze efficiency from it to the point where the incremental cost of improving it becomes inefficient.  We then either commoditize it, or jump to another s-curve.

This is certainly not a new model, and there are multiple variations on the theme.  But as the pace of innovation accelerates, something fundamentally new is happening with this s-curve pattern.  S-curves are getting closer together. Increasingly we are jumping to new s-curves before we’ve fully optimized the previous one.  This means that we are innovating quickly, but also that we are often taking more ‘leaps into the dark’ than ever before.

This has some unintended consequences of its own:

1. Cumulative Unanticipated Consequences. No matter how much we try to anticipate how a new technology will fare in the real world, there are always surprises.  Many surprises emerge soon after we hit the market, and create fires than have to be put out quite quickly (and literally in the cases of some battery technologies).  But other unanticipated effects can be slower burn (pun intended).  The most pertinent example of this is of course greenhouse gasses from Industrialization, and their impact on our climate. This of course took us years to recognize. But there are many more examples, including the rise of antibiotic resistance, plastic pollution, hidden carcinogens, the rising cost of healthcare and the mental health issues associated with social media. Just as the killer application for a new innovation is often missed at its inception, it’s killer flaws can be too.  And if the causal relationship between these issues and the innovation are indirect, they can accumulate across multiple s-curves before we notice them.  By the time we do, technology is often so entrenched it can be a huge challenge to extract ourselves from it.

2.  Poorly understood complex network effects.  The impact of new innovation is very hard to predict when it is introduced into a complex, multivariable system.  A butterfly flapping its wings can cascade and amplify through a system, and when the butterfly is transformative technology, the effect can be profound.  We usually have line of sight of first generation causal effects:  For example, we know that electric cars use an existing electric grid, as do solar energy farms.  But in today’s complex, interconnected world, it’s difficult to predict second, third or fourth generation network effects, and likely not cost effective or efficient for an innovator to try and do so. For example, the supply-demand interdependency of solar and electric cars is a second-generation network effect that we are aware of, but that is already challenging to fully predict.  More causally distant effects can be even more challenging. For example, funding for the road network without gas tax, the interdependency of gas and electric cost and supply as we transition, the impact that will have on broader on global energy costs and socio political stability.  Then add in complexities supply of new raw materials needed to support the new battery technologies.  These are pretty challenging to model, and of course, are the challenges we are at least aware of. The unanticipated consequences of such a major change are, by definition, unanticipated!

3. Fragile Foundations.  In many cases, one s-curve forms the foundation of the next.  So if we have not optimized the previous s-curve sufficiently, flaws potentially carry over into the next, often in the form of ‘givens’.  For example, an electric car is a classic s-curve jump from internal combustion engines.  But for reasons that include design efficiency, compatibility with existing infrastructure, and perhaps most importantly, consumer cognitive comfort, much of the supporting design and technology carries over from previous designs. We have redesigned the engine, but have only evolved wheels, breaks, etc., and have kept legacies such as 4+ seats.  But automotives are in many, one of our more stable foundations. We have had a lot of time to stabilize past s-curves before jumping to new ones.  But newer technologies such as AI, social media and quantum computing have enjoyed far less time to stabilize foundational s-curves before we dance across to embrace closely spaced new ones.  That will likely increase the chances of unintended consequences. And we are already seeing the canary in the coal mine with some, with unexpected mental health and social instability increasingly associated with social media

What’s the Answer?  We cannot, or should not stop innovating.  We face too many fundamental issues with climate, food security and socio political stability that need solutions, and need them quite quickly.

But the conundrum we face is that many, if not all of these issue are rooted in past, well intentioned innovation, and the unintended consequences that derive from it. So a lot of our innovation efforts are focused on solving issues created by previous rounds of innovation.  Nobody expected or intended the industrial revolution to impact our climate, but now much of our current innovation capability is rightly focused on managing the fall out it has created (again, pun intended).  Our challenge is that we need to continue to innovate, but also to break the cycle of todays innovation being increasingly focused on fixing yesterdays!

Today new waves of innovation associated with ‘sustainable’ technology, genetic manipulation, AI and quantum computing are already crashing onto our shores. These interdependent innovations will likely dwarf the industrial revolution in scale and complexity, and have the potential for massive impact, both good and bad. And they are occurring at a pace that gives us little time to deal with anticipated consequences, let alone unanticipated ones.

We’ll Find a Way?  One answer is to just let it happen, and fix things as we go. Innovation has always been a bumpy road, and humanity has a long history of muddling through. The agricultural revolution ultimately allowed humans to exponentially expand our population, but only after concentrating people into larger social groups that caused disease to ravage many societies. We largely solved that by dying in large numbers and creating herd immunity. It was a solution, but not an optimum one.  When London was in danger of being buried in horse poop, the internal combustion engine saved us, but that in turn ultimately resulted in climate change. According to projections from the Club of Rome in the 70’s, economic growth should have ground to a halt long ago, mired in starvation and population contraction.  Instead advances in farming technology have allowed us to keep growing.  But that increase in population contributes substantially to our issues with climate today.  ‘We’ll find a way’ is an approach that works until it doesn’t.  and even when it works, it is usually not painless, and often simply defers rather than solves issues.

Anticipation?    Another option is that we have to get better at both anticipating issues, and at triaging the unexpected. Maybe AI will give us the processing power to do this, provided of course that it doesn’t become our biggest issue in of itself.

Slow Down and Be More Selective?  In a previous article I asked if ‘just because we can do it, does it mean we should?’.  That was through a primarily moral lens.  But I think unintended consequences make this an even bigger question for broader innovation strategy.  The more we innovate, the more consequences we likely create.  And the faster we innovate, the more vulnerable we are to fragility. Slowing down creates resilience, speed reduces it.  So one option is to be more choiceful about innovations, and look more critically at benefit risk balance. For example, how badly do we need some of the new medications and vaccines being rushed to market?  Is all of our gene manipulation research needed? Do we really need a new phone every two years?   For sure, in some cases the benefits are clear, but in other cases, is profit driving us more than it should?

In a similar vein, but to be provocative, are we also moving too quickly with renewable energy?  It certainly something we need.  But are we, for example, pinning too much on a single, almost first generation form of large scale solar technology?  We are still at that steep part of the learning curve, so are quite likely missing unintended consequences.  Would a more staged transition over a decade or so add more resilience, allow us to optimize the technology based on real world experience, and help us ferret out unanticipated issues? Should we be creating a more balanced portfolio, and leaning more on more established technology such as nuclear? Sometimes moving a bit more slowly ultimately gets you there faster, and a long-term issue like climate is a prime candidate for balancing speed, optimization and resilience to ultimately create a more efficient, robust and better understood network.

The speed of AI development is another obvious question, but I suspect more difficult to evaluate.  In this case, Pandora’s box is open, and calls to slow AI research would likely mean responsible players would stop, but research would continue elsewhere, either underground or in less responsible nations.  A North Korean AI that is superior to anyone else’s is an example where the risk of not moving likely outweighs the risk of unintended consequences

Regulation?  Regulation is a good way of forcing more thoughtful evaluation of benefit versus risk. But it only works if regulators (government) understand technology, or at least its benefits versus risks, better than its developers.  This can work reasonably well in pharma, where we have a long track record. But it is much more challenging in newer areas of technology. AI is a prime example where this is almost certainly not the case.  And as the complexity of all innovation increases, regulation will become less effective, and increasingly likely to create unintended consequences of its own.

I realize that this may all sound a bit alarmist, and certainly any call to slow down renewable energy conversion or pharma development is going to be unpopular.  But history has shown that slowing down creates resilience, while speeding up creates instability and waves of growth and collapse.  And an arms race where much of our current innovative capability is focused on fixing issues created by previous innovations is one we always risk losing.  So as unanticipated consequences are by definition, really difficult to anticipate, is this a point in time where we in the innovation community need to have a discussion on slowing down and being more selective?  Where should we innovate and where not?  When should we move fast, and when we might be better served by some productive procrastination.  Do we need better risk assessment processes? It’s always easier to do this kind of analysis in hindsight, but do we really have that luxury?

Image credit: Pixabay

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Is Futurology a Pseudoscience?

Is Futurology a Pseudoscience?

GUEST POST from Art Inteligencia

Futurology (aka Future Studies or Futures Research) is a subject of study that attempts to make predictions and forecasts about the future. It is an interdisciplinary field that draws from a variety of sources, including science, economics, philosophy, and technology. In recent years, futurology has become a popular topic of debate, with some arguing that it is a pseudoscience and others defending its validity as a legitimate field of study.

One of the main criticisms of futurology is that it relies on speculation and extrapolation of existing trends, rather than on scientific evidence or principles. Critics argue that this makes futurists’ predictions unreliable and that futurology is more of a speculative activity than a rigorous scientific discipline. They also point out that predictions about the future are often wrong, and that the field has had a reputation for making exaggerated claims that have not been borne out by the facts.

“Futurology always ends up telling you more about you own time than about the future.” Matt Ridley

On the other hand, proponents of futurology argue that the field has a legitimate place in the scientific community. They point to the fact that many futurists are well-educated, highly trained professionals who use rigorous methods and data analysis to make accurate predictions. These futurists also often draw on a wide range of sources, such as history, economics, and psychology, to make their forecasts.

Ultimately, the debate over whether or not futurology (aka future studies or futures research) is a pseudoscience is likely to continue. Some may see it as a legitimate field of study, while others may view it as little more than guesswork. What is certain, however, is that the field is still evolving and that the ability of futurists to accurately predict the future will be an important factor in determining its ultimate validity.

Do you think futurology is a pseudoscience?
(sound off in the comments)

And to the futurists and futurology professionals out there, what say you?
(add a comment)

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

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Five Keys to Better Future Prediction

Five Keys to Better Future Prediction

GUEST POST from Art Inteligencia

With the dawn of 2023 our minds naturally gravitate towards wondering what the future holds and possibly even trying to predict the future.

But, predicting the future is an incredibly difficult task. It requires a combination of skills to make accurate predictions, including the ability to analyze trends, identify patterns, and think strategically. In this article, we’ll discuss the five key skills needed to accurately predict the future.

1. Trend Analysis: To make accurate predictions, you’ll need to be able to analyze trends and identify patterns. Knowing which trends are likely to continue, and which may be waning, is essential in predicting the future. Paying attention to changes in the market, technology, and other areas can help you identify patterns that could be important in predicting the future.

2. Strategic Thinking: Strategic thinking is an important skill for predicting the future. Being able to anticipate the consequences of certain events and decisions can be invaluable in predicting the future. Strategic thinkers are able to see how changes can affect the long-term, and can make informed decisions based on their analysis.

3. Data Analysis: Being able to analyze data is also essential for predicting the future. Data analysis allows you to identify patterns, trends, and correlations that provide insight into how the future could unfold. Knowing how to interpret data is key for making accurate predictions about the future.

4. Forecasting: Forecasting involves predicting future events and trends based on past data. This requires the ability to identify patterns and trends and use them to predict the future. Being able to accurately forecast future events and trends is essential for making predictions about the future.

5. Problem-Solving: Being able to solve problems is also essential for predicting the future. In order to make accurate predictions, you’ll need to be able to identify potential problems and develop solutions. This requires the ability to think critically and creatively.

Overall, predicting the future requires a combination of skills. Being able to analyze trends, identify patterns, think strategically, interpret data, forecast, and solve problems are all essential skills for making accurate predictions about the future. With practice and dedication, anyone can develop these skills and become better at predicting the future.

Bottom line: Futurology is not fortune telling. 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

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So You Want to Become a Futurist

So You Want to Become a Futurist

GUEST POST from Art Inteligencia

In a follow-up to my article What is a Futurist? I thought we could explore a bit more about what it takes to become a futurist.

As the world races towards a more digital future, the need for futurists to guide us through it grows more urgent. Futurists are professionals who study the current state of the world and make predictions about where we are heading. They can be found in all sorts of fields, from technology to finance to public policy. It is a complex and demanding job and learning to be a futurist involves a lot of hard work and dedication.

The first step in learning to be a futurist is to get an education. A degree in fields such as economics, international relations, or computer science can be helpful, as they will provide a strong foundation of knowledge in the areas that will be most important for a futurist to understand. Or you could jump straight in and check out one of the Top 5 Future Studies Programs. From there, aspiring futurists should focus on sharpening their analytical skills, as this will be a key part of their job. This can be done through courses, seminars, and other activities that hone their critical thinking and problem-solving abilities.

Beyond this, developing a deep understanding of the present is essential for a successful career as a futurist. Keeping up with the latest news and trends in the world is a must, as well as having an understanding of the history of the topics they are studying. Having a wide network of contacts in the field can also be invaluable. All of this will help futurists to be better prepared to make accurate predictions about the future.

At the same time, futurists should also strive to stay ahead of the curve in terms of technology and other emerging trends. Understanding the implications of new innovations and how they will shape the future is a critical part of a futurist’s job. Keeping up with the latest research and keeping an open mind to new ideas will be essential in this regard.

Finally, becoming a futurist also involves developing a unique perspective on the world. Futurists must be able to look at the world with a fresh set of eyes and think critically about the possibilities that lie ahead. They should be able to think outside the box and come up with creative solutions to the problems that we are likely to face in the future.

A career as a futurist is demanding but rewarding. If you build a strong educational background, sharp analytical skills, a deep understanding of the present, and the ability to think creatively about the future you too can become a futurist. In fact, with the right attitude and dedication, anyone can become a successful futurist!

Bottom line: Futurists are not fortune tellers. They use a formal approach to achieve their outcomes, but a methodology and tools like those in FutureHacking™ can empower anyone to be their own futurist.

Image credit: Pixabay

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What is a Futurist?

What is a Futurist?

GUEST POST from Art Inteligencia

A futurist is a person who studies and predicts the future. They are experts in their field, often having backgrounds in economics, sociology, engineering and other sciences. Futurists look at data, trends, and technology to make informed predictions and suggest innovative solutions for the future.

Futurists are often employed by companies and organizations to help them plan for the future. They can help create strategies to ensure success, or to help steer their organization in the right direction. They can also provide insight into potential risks, or ways to improve current systems and processes.

Futurists are also used to help develop new products and services. They can help to identify the needs of the customer and suggest ways to meet those needs. This includes evaluating existing technologies and exploring new ones. They can also provide a unique perspective on how the world is changing, and how it may shape the future.

Futurists often rely on data and research to generate their predictions. They use this information to develop strategies and plans that can help businesses and organizations stay ahead of the curve. This includes identifying potential risks and opportunities and developing strategies to capitalize on them.

Futurists can also help to identify and develop new markets. They can use their analytical skills to identify potential opportunities for growth and suggest ways to capitalize on them. This can be especially helpful in navigating a rapidly changing world.

Futurists can also use their skills to help shape public policy. They can provide valuable insight into the future and help to inform decision makers. This can be especially useful in helping to shape public policy in areas such as health, education, and the environment.

Futurists are an invaluable asset to any organization. They can help to ensure the future success of a business or organization and can provide a unique insight into the future. Some organizations choose to employ one or more futurists on staff, others don’t have a dedicated futurist role and instead assign it to an innovation or market research or strategy individual (or group) to perform. And still others hire an external futurist or agency to perform this group of responsibilities.

Does your organization employ a futurist?

Bottom line: Futurists are not fortune tellers. They use a formal approach to achieve their outcomes, but a methodology and tools like those in FutureHacking™ can empower anyone to be their own futurist.

Image credit: Pixabay

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Seven Areas of Mastery for Futurists

Seven Areas of Mastery for Futurists

GUEST POST from Art Inteligencia

The future of technology and the way that individuals interact with their environment continues to evolve and develop at a rapid rate. As a result, it is becoming increasingly important for individuals to understand and master the various areas of futurist disciplines. With the advent of new technologies and advancements in artificial intelligence, the need for individuals to be able to effectively navigate the ever-changing landscape of the future has never been more important. Seven areas futurists should continue to master include:

1. Strategic Foresight: The ability to interpret trends, assess their potential impact, and develop sound strategies to take advantage of them.

2. Analytical Thinking: The capacity to analyze complex problems and develop solutions to them.

3. Systems Thinking: The ability to see the “bigger picture” and how different elements can interact to create a desired outcome.

4. Technology Fluency: A deep understanding of the implications of technological advancements, and how to best leverage them for maximum benefit.

5. Innovation: The capacity to identify opportunities for disruptive change and create new products, services, and experiences.

6. Adaptability: The ability to quickly adapt to change and to embrace new ideas and processes.

7. Communication: The ability to effectively communicate ideas, thoughts, and plans to stakeholders and the public.

As technology advances and the world moves further into the future, the need for futurists to stay competitive in the job market increases. These areas of mastery are becoming increasingly valuable as the world continues to evolve, and those who possess these skills will be in high demand.

Does your organization employ a futurist?

Bottom line: Futurists are not fortune tellers. They use a formal approach to achieve their outcomes, but a methodology and tools like those in FutureHacking™ can empower anyone to be their own futurist.

Image credit: Pixabay

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Why is Futurology Important?

Why is Futurology Important?

GUEST POST from Art Inteligencia

Futurology is the science of predicting future events and trends. It is an increasingly important field of study, as it helps us to better understand our world and plan for the future. By looking at current trends and projecting them into the future, futurologists are able to anticipate changes in society and the environment, and offer solutions that can help us mitigate the risks associated with them.

Futurology is important because it can help us to anticipate and prepare for future events. By examining current trends and their potential impacts, futurologists can make predictions about the future and help us to make better decisions today. For example, they may be able to identify areas of potential growth and development that can be used to create new products and services. They may also be able to identify potential risks and challenges that could arise in the future, and suggest strategies for dealing with them. This information can be invaluable in helping us to plan for the future and make the right decisions now.

Futurology is also important because it can help us to understand our current situation. By looking at past trends and events, futurologists are able to gain greater insight into why certain things happened and how they may affect us in the future. This knowledge can be used to make more informed decisions and to better prepare for potential risks.

Finally, futurology is important because it can help us to understand the world around us. By looking at the current trends, futurologists are able to gain insight into the forces that are shaping our world, and can help us to better anticipate and respond to changes. This can be invaluable in helping us to make more informed decisions and to develop strategies for dealing with challenges.

In summary, futurology is an important field of study that can help us to better understand our world and plan for the future. By looking at current trends and projecting them into the future, futurologists can identify potential risks and challenges, and offer solutions that can help us to make better decisions today.

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: Unsplash

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Ten Skills Every Futurist Should Have

Ten Skills Every Futurist Should Have

GUEST POST from Art Inteligencia

As the demand for futurists grows, so does the need for the right skill set. Futurists are employed to provide strategic advice and insights into the future of a particular industry, organization or region. They must be able to assess trends, analyze data, and make predictions about the future. To be successful in this field, a futurist must have a wide range of skills.

Here are ten skills every futurist should have:

1. Problem-Solving: Futurists must be able to recognize and solve complex problems. They must be able to take a “big picture” view and develop strategies to address the issues at hand.

2. Creativity: Futurists must be able to think outside the box and come up with creative solutions to problems. They must be able to think of innovative solutions and approaches to address the challenges they are presented with.

3. Communication: Futurists must be able to effectively communicate their ideas and findings. They must be able to explain their process and results in a manner that is understood by their clients.

4. Research: Futurists must be able to conduct detailed research and analyze data in order to identify emerging trends and patterns. They must also be able to synthesize data to form meaningful conclusions.

5. Networking: Futurists must be able to build strong relationships with stakeholders and industry experts. They must be able to form a network of contacts who can provide relevant information and insights.

6. Interpersonal Skills: Futurists must be able to work with a variety of people. They must be able to collaborate with colleagues, clients and stakeholders to achieve desired outcomes.

7. Business Acumen: Futurists must have an understanding of business principles and processes. They must be able to apply their knowledge of the industry and the organizational context to their work.

8. Critical Thinking: Futurists must be able to think critically, analyze data, and identify patterns. They must be able to draw conclusions and make informed decisions.

9. Adaptability: Futurists must be able to adjust to changing circumstances and environments. They must be able to think on their feet and come up with solutions quickly.

10. Resilience: Futurists must be able to handle failure and setbacks. They must be able to stay focused and committed to their mission despite the challenges they face.

These skills are essential for any successful futurist. By honing and developing these skills, a futurist can become an invaluable asset to any organization.

For more information on what a futurist or futurologist is and does, check out my other articles here:

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

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What is the Job of a Futurist?

What is the Job of a Futurist?

GUEST POST from Art Inteligencia

A futurist is a professional who studies the future and tries to anticipate how current trends and events will shape the world in the years to come. Futurists use a variety of methods to make predictions about the future, including data analysis, trend analysis, scenario planning, and technology forecasting. They are also knowledgeable about the latest developments in emerging technologies, and they often use this knowledge to make educated guesses about the future of our world.

Futurists have a variety of jobs, from consulting for large corporations to writing and speaking about the future of the world. They are often sought out by government agencies, businesses, and other organizations to advise them on potential future scenarios and help them plan for the future. Futurists can also be found in academia, where they often conduct research on long-term global trends.

The job of a futurist is to think about the future and how it will be shaped by current events. This involves keeping a close eye on emerging technologies, political developments, and economic trends. They must be able to identify potential risks and opportunities and then devise strategies to prepare for the future. This requires a deep understanding of the world and the ability to think critically and analytically.

Futurists can also be found working in a variety of corporate roles, such as strategic planning, operations, research, and marketing. In these roles, they use their understanding of the future to inform decisions and help companies stay ahead of the curve.

As technology continues to evolve and the world becomes increasingly connected, the job of a futurist will become even more important. Futurists will be essential for helping both individuals and organizations navigate the quickly changing world and prepare for the future.

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

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What Does a Futurologist Do?

What Does a Futurologist Do?

GUEST POST from Art Inteligencia

Futurology is a field of study that focuses on predicting future trends and events. A futurologist is a person who specializes in this field. They study current trends and events to make predictions about the future.

Futurologists use a variety of methods to make their predictions. They often use data from multiple sources, such as news reports, economic trends, and technology advancements. They also look at patterns in history to better understand how events may play out in the future. Additionally, futurologists may talk to experts in various fields to gain a better understanding of the potential outcomes of certain events.

The goal of futurology is to anticipate changes and provide insight into how to prepare for them. Futurologists often present their findings to governments and organizations, so that they can better prepare for potential events. They also write reports and articles to inform the public of their predictions.

Futurology can be used to predict many different things, including political, economic, and social changes. It can also be used to predict technological advancements and the potential impact of new inventions. In addition, futurologists can make predictions about environmental changes, such as climate change, and the effects of climate change on different populations.

Futurology is an important field of study, as it can help governments and organizations prepare for potential changes and plan for the future. A futurologist’s job is to provide insight and guidance on future trends and events, so that we can be better prepared for whatever the future may bring.

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

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