Facing the Future in Product Development: Prediction and Uncertainty in Decision Making

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Prediction can create a false sense of certainty – at great cost. Can uncertainty establish a more effective foundation for product development? by HELI RANTAVUO, Spotify Foresight. Tends. Megatrends. Forecasting. Speculative design. Predictive modelling. Impact estimating. These are some of the established methods that researchers and analysts use in trying to understand what the future might look like, and how the organisations we work for and with approach the future. A variety of research and design techniques are available for us to make sense of the future in a structured way. Ethnographers and anthropologists know how to study the present in order to speculate on the future; design teams employ futurecasts and speculative design; futures research employs a wide range of methods that cut across disciplines. With the availability of big data, forecasting and predictive modelling is growing more and more sophisticated. Sometimes I wonder, does the maturity of our methods and frameworks make us feel too confident about...