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.[1] Today, most countries are experiencing huge social and economic changes, which heavily rely on technology development. By analyzing these changes, government and economic institutions could make plans for future developments. However, not all of historical data can be used for technology forecasting, forecasters also need to adopt advanced technology and quantitative modeling from experts’ researches and conclusions.[2]

  1. ^ Quinn, James Brian (1967-03-01). "Technological Forecasting". Harvard Business Review. No. March 1967. ISSN 0017-8012. Retrieved 2019-12-07.
  2. ^ Abdou, E.; Mahmoud, S. (1977-01-01). "The role of technological forecasting in planning future developments". IFAC Proceedings Volumes. IFAC Conference on Systems Approach for Development, Cairo, Egypt, 26–29 November. 10 (14): 65–68. doi:10.1016/S1474-6670(17)66433-4. ISSN 1474-6670.