Emerging Trends and Future Foresight

Involves identifying and analyzing emerging trends and future possibilities in innovation.

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Weak Signals

Weak Signals are early signs of potential major changes, threats, and opportunities with weak or no branding recognition.

Warning Signs

A sign that things could get worse. A sources of early information that things may be not going the right way.

Urgency

Urgency in innovation refers to a pressing matter or need for a change to avoid a negative outcome or capitalize on a positive result.

Unexpected Events

Occupational hazards and liabilities can be particularly perilous, even when they are not specifically identified or foreseeable.

Unintended Consequences

Unanticipated outcomes of an action or decision. They differ from a company's intended effects. Good and bad kinds.

Trend Scouting

processes & methodologies to assess how trends will unfold to help you shape & inspire your future products, services and customer engagements.

Top Innovators

Featured on reallygoodinnovations.com in the Top 50 Innovators and Thought Leaders in 2024.

Threats

Factors outside an organization's control that could have a negative impact on the business. Threats must be monitored and planned for.

Storytelling

Storytelling is the art of sharing a message in an engaging way, using narratives, emotions, and characters.

Speed of Innovation

Speed of Innovation refers to the rate of change in the product portfolio through new offers, new features and improved functionalities.

Serendipity

A fortunate occurrence of events by chance that produces a desired opportunity.

Proactive

Acting in anticipation of future problems, needs, or changes.

Pattern Recognition

Pattern Recognition is an essential part of human learning that, in a business context, is about recognizing patterns in data.

Pace Of Change

The dynamic with which something, such as technology, has been changing lately

Paradigm Shift

Fundamental change in basic concepts and experimental practices of a scientific discipline. Shayrc.phi

New Opportunities

A possibility due to a set of circumstances where new products, services, markets, channels and geographies can be explored.

Negative

Negative glossary definition: A lack of payment of a liability when due. May also pertain to a financial statement item that is negative.

Mitigation

Mitigation refers to actions taken to reduce or eliminate the risks from hazards to people and property.

Macro

Macro refers to a company-wide perspective in innovation.

Low Risk

Minimal levels of both possible negative consequences and possible positive outcomes. The stakes are low.

Leveraging Trends

When a company or individual applies innovation or growth enabling processes/technology to the future changes in the industry

Intelligence

Intelligence: The ability to learn, understand, and apply knowledge to enhance decision-making and solve problems creatively.

Innovation Trends

Innovation trends are prevailing advancements influencing current and future business landscapes and practices.

Innovation Purpose

Innovation Purpose is the 'why' driving change, framing the value and intent behind novel solutions to meet goals and solve challenges.

Innovation Radar

Innovation Radar: A tool to identify and visualize the maturity and business potential of new technologies and emerging innovations.

Industry Trends

Industry trends are prevailing developments that influence a sector's future direction.

Hype Cycle

The Hype Cycle is a graphical depiction of a common pattern that arises with each new technology or innovation's life cycle.

Grand Challenges

Grand Challenges are large-scale problems demanding innovative solutions to transform society or industries on a global scale.

Globalization

Globalization: The integration of economies, cultures, and governments driven by trade, investment, technology, and flow of information.

Global Challenges

Global challenges are complex, transnational issues requiring collective action, like climate change, pandemics, and inequality.

Gartner

Gartner is a leading research and advisory company providing actionable insights for tech-related business decisions.

Future Trends

Future Trends: Predicted developments guiding tomorrow's business, technology, and societal advancements.

Fourth Industrial Revolution

The Fourth Industrial Revolution merges physical, digital, and biological spheres, led by AI, IoT, and biotechnology advancements.

Forecasting

Forecasting is the process of predicting future trends, demand, or events using historical data and analysis.

Factors

Factors are elements or conditions that influence the outcome of processes or the performance of businesses and innovations.

External Factors

External factors are elements outside a company that can influence its performance and strategies, such as market trends and regulations.

Everett Rogers

Everett Rogers: Sociologist known for the Diffusion of Innovations theory, which explains how new ideas spread through cultures.

Environmental Scanning

Environmental Scanning is the ongoing tracking of trends and occurrences in an organization's internal and external environment.

Emerging Needs

Emerging needs are new customer or market demands that arise due to technological advancements, societal shifts, or cultural changes.

Developing Countries

Developing countries are nations with lower GDP, industrial activity, and human development index than developed countries.

Scenario planning is a strategic tool used to anticipate potential futures by creating detailed descriptions of possible outcomes. By exploring various scenarios, organizations can proactively prepare for the future.

Futuring

Futuring is the practice of envisioning and planning for potential futures, often through a systematic process that includes analysis, exploration, and forecasting.

Innovation Diffusion Curve

A graphical representation of the adoption of an innovation over time, often showing the stages of early adopters, early majority, late majority, and laggards.

Innovation Diffusion Theory

The process by which an innovation is adopted and integrated into the mainstream.

Sensing Capabilities

Sensing Capabilites are the skill of a firm in sensing opportunities in the market before competitors. This is often done through the use of data, analytics and technology.

Exploration

Finding new opportunities in new markets that can be turned into innovations for the company.