What if your company could stay intimately aware of emerging technologies in sci-tech fields and assess their potential impact on your company’s products, services, and operations so that you can gain a first-mover advantage? What if you could identify future disruptive opportunities and pivot quickly in response to changing market dynamics and technologies to create new sources of value? How can your company be better prepared to act with conviction and clarity when dealing with the risks in...
Richard Sear, who has 30 years of deep expertise, has joined us as Managing Partner of our new Advanced SciTech practice. Richard says that you can’t provide practical context to any technology without understanding the environment into which it has the potential to be introduced. Advanced SciTech then extends that horizon to what the world will look like three to 10 years from now. We call this approach futurecasting. What are the challenges, technology changes, and megatrends that will affect your company three to 10 years out? This requires understanding the core drivers in how innovative technologies develop and fundamental things that change society and competition.
He continues the considerations: What are the implications to cell phones? Or a mining company that makes a 20-year bet on a lithium mine could see the world shifting rapidly to sodium in three years. This would also be relevant to IT companies trying to get power to their large data centers to run generative AI programs.