There are many challenges to finding funding for innovation and modernisation in Australia.
Futurism is the art of future thinking and how futurists can help find better answers to big problems.
Big problems are those that have a high degree of uncertainty and a lot at stake.
In this presentation Simon Waller – Futurist and Business Advisor, presents data from the International Monetary Fund’s World Uncertainty Index, showing that uncertainty has increased significantly over recent years.
He emphasises the need to set aside time for deep thinking and be open to discomfort when exploring the future.
Simon highlights the importance of having clarity about the problem and choosing the right time horizon for exploration.
He also discusses the role of curiosity in futurism and the power of imagination to inspire future possibilities.
Futurists look for signals and the drivers behind them to make future forecasts while encouraging collaborative futurism and the involvement of diverse perspectives.
He reminds organisations to start thinking about how futurism can be used to make better strategic decisions and find better solutions to your big problems.
- When things are stable or relatively stable, there are actually strategic objectives that make sense around productivity and specialisation. We know what our customer wants, we just have to do more of it and do it cheaper and faster than anyone else. If we can do one thing really well, we will be successful.
- In times of uncertainty, we can be less clear about what the customer wants. Instead of having just one specialisation, we need to have options. And instead of being able to produce one thing productively, we must have flexibility.
- Good futurism is actually about contemplation. It is about giving us visions and forecasts of the future. We use that to contemplate and imagine what would take us towards that future. What are the options that we could actually see occurring? What are the challenges and opportunities we might find and how are we going to change our actions in the present to create the futures that we want?