Purpose: Aims to define critical uncertainties and develop plausible future scenarios to discuss the impacts of potential developments and define responses to give.
Strengths: Uncertainty Management, Strategic Planning, Risk Assessment, Innovation and Creativity, Decision Support
Limitations: Subjectivity, Limited Predictive Power, Resource Intensive, Overemphasis on Plausibility
Types:
Purpose: To interactively develop and explore selected future, often involving stakeholders.
Strengths: Engagement, Collaboration, Shared Understanding, Adaptability, Creativity
Limitations: Resource Intensive, Complexity, Bias and Power Dynamics, Limited Predictive Power, Resistance to Change
Types:
Purpose: To identify a future development path or scenario by asking a panel of experts who need to reach a consensus.
Strengths: Participants can reflect and reconsider their views, Anonymity, Flexibility
Limitations: Expertise and diversity present within the panel, Time-consuming, Succumbing to group thinking, Resource-intensive
Type: online or expert workshop Delphi Study
Purpose: To distill essential narratives about the far future from science fiction films and novels and using them as precursors or warning/weak signals for coming developments.
Strengths: Imaginative potential, Gives detailed descriptions of daily life, Anticipatory knowledge, Increase participation and discussion
Limitations: Potential biases, Challenges in extrapolating realistic futures from fictional narratives, Subjective analysis
Type: Analysis of
Purpose: To understand the potential consequences and implications of actions, decisions, projects, or policies on society and individuals.
Strengths: Long term focus, Holding businesses accountable for their actions, Smarter investment choices
Limitations: Poor timing leads to incorrect inferences, Lack of system level integration, Lack of public trust, Data is unreliable and sometimes quickly out of date
Types:
Purpose: To determine the short- and long-term impact and risks of applying technologies, be that societal, economic, ethical, or legal. Information can then be used by decision makers to make the right choices.
Strengths: Informed decision-making, Anticipation of consequences
Limitations: Bias, Overestimating benefits and underestimating risks, Limited data, High likeliness of being wrong, Resource Intensive, Uncertainties
Types:
Purpose: Taking a vision into reality by planning how to achieve it.
Strengths: Gives an action plan, Detail oriented, Holistic perspective
Limitations: Resource intensive, Complexity of the real world, Limited predictive power, Assumptions
Types:
Purpose: To actively involve stakeholders, including community members, experts, and decision-makers, in the process of future-oriented planning, decision-making, and problem-solving.
Strengths: Speed of implementation and planning, Enhanced democratic processes, Increased probability of success
Limitations: Superficial analysis, Group effects and potential for process manipulation, Threatening to established power, Potential to create a new us-them polarity
Types:
Purpose: To understand, simulate, and predict the behavior of complex systems composed of interconnected and interdependent elements or agents.
Strengths: Holistic Understanding, Predictive Capability, Interdisciplinary Approach, Insight into Nonlinear Dynamics, Adaptability and Scalability
Limitations: Data Requirements, Sensitivity to Assumptions, Difficulty in Validation, Interpretation and Communication
Types: