Future Studies

The expertise of the Amplios Consultants team in the Future Studies topic dates from the early 2000s when 'Scenario Planning' became important at both the government and private levels globally.

This topic had its foundations in ISO31000 Management of Risk together with its Risk Management methodology, Failure Mode Effects & Analysis.

Since those early days, futurists have been searching for a practical method for placing a single value on the "Risk Score" of a particular business investment opportunity, taking into account its industry category and its geographic location. For example, an investment in the Mining industry in Africa is expected to have very different risks to an investment in the Retail industry in London.

The hope has been to arrive at a value between 1 and 9. A positive arithmetic sign encourages the investor to go to the next stage, which is the investment of time and money in the development of a strategy achieve success. A negative arithmetic sign discourages this.

In this website, the Amplios team sets out the argument for and benefits of this approach.

 

From Wikipedia: Futures studies, futures research, futurism or futurology is the systematic, interdisciplinary and holistic study of social and technological advancement, and other environmental trends, often for the purpose of exploring how people will live and work in the future. Predictive techniques, such as forecasting, can be applied, but contemporary futures studies scholars emphasize the importance of systematically exploring alternatives. In general, it can be considered as a branch of the social sciences and an extension to the field of history. Futures studies (colloquially called "futures" by many of the field's practitioners) seeks to understand what is likely to continue and what could plausibly change. Part of the discipline thus seeks a systematic and pattern-based understanding of past and present, and to explore the possibility of future events and trends.