Technological Forecasting

Technological forecasting is the process of predicting the future developments of technology and its impact on society, business, and the economy. It involves analyzing current trends, research advancements, and market needs to estimate which innovations will emerge and how they will shape various industries. This helps organizations make informed decisions about investments, strategic planning, and resource allocation, ensuring they stay competitive. By anticipating future technologies, businesses can better prepare for changes, seize opportunities, and mitigate risks, aligning their strategies with expected advancements.