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"In every foresight or forecasting exercise, there are two overarching tensions:
The more certain and detailed the forecast, the more people will accept it and believe it to be useful.
The more certain and detailed the forecast, the less likely it is to happen."
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My preferred approach is to use scenarios, essentially giving multiple examples within the general framework. This illustrates the shape of the broader framework better, and makes clear that no one specific forecast is the "real prediction." Yet the problems with this approach are manifold: coming up with three to five internally consistent forecasts is significantly harder than just coming up with one; audiences will gravitate towards preferred scenarios, sometimes ignoring those that don't turn out in ways they like; and it's difficult to encapsulate multiple scenarios into a short presentation or statement without rendering them meaningless.
"The Millennium Project was founded in 1996 after a three-year feasibility study with the United Nations University, Smithsonian Institution, Futures Group International, and the American Council for the UNU. It is now an independent non-profit global participatory futures research think tank of futurists, scholars, business planners, and policy makers who work for international organizations, governments, corporations, NGOs, and universities. The Millennium Project manages a coherent and cumulative process that collects and assesses judgments from over 2,500 people since the beginning of the project selected by its 40 Nodes around the world. The work is distilled in its annual "State of the Future", "Futures Research Methodology" series, and special studies."
"Shell uses scenarios to explore the future. Our scenarios are not mechanical forecasts. They recognise that people hold beliefs and make choices that can lead down different paths. They reveal different possible futures that are plausible and challenge people’s assumptions."
Nice little prank on the chaos during the first half of the 20C
participatory, interconnected, leapfrog
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Participatory Future
Bottom-up drivers enable greater collaboration and participation, but also greater instability. This is a future of Open Source Design and Global Guerillas. This is a world where power comes from the Commons.Interconnected Future
Technology-driven changes enable more sharing of information and ideas, but abandon the remnants of old intellectual property and privacy rules. This is a future of the Participatory Panopticon and Augmented Reality. This is a world where power comes from Relationships.Leapfrog Future
Catastrophe and Opportunity combine to drive the creation of new economic, political, and social models. This is a future of Massive Disruptions and Unanticipated Consequences. This is a world where power comes from Creativity.
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Information products. A set of documents with analog descriptions of locations has no additional value. A dataset of every GPS coordinate, coded for relevance and subject, from every news “story” you produce in a year is immensely valuable for multiple purposes. My prediction? News organizations will give away their human-readable documents and sell their datasets, either directly to developers and researchers, or indirectly via their own informational products. Want to see an overlay with all the information related to a neighborhood before you buy a house? Will that be Visa or PayPal?
Could things get worse? Oh, yeah. How financial turmoil threatens national security.
in list: Economic Crisis
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