The future is the time after the past and present. Its arrival is considered inevitable due to the existence of time and the laws of physics. Due to the apparent nature of reality and the unavoidability of the future, everything that currently exists and will exist can be categorized as either permanent, meaning that it will exist forever, or temporary, meaning that it will end. In the Occidental view, which uses a linear conception of time, the future is the portion of the projected timeline that is anticipated to occur. In special relativity, the future is considered absolute future, or the future light cone.
In finance, a futures contract is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The item transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the forward price or delivery price. The specified time in the future when delivery and payment occur is known as the delivery date. Because it derives its value from the value of the underlying asset, a futures contract is a derivative.
Futurists are people whose specialty or interest is futurology or the attempt to systematically explore predictions and possibilities about the future and how they can emerge from the present, whether that of human society in particular or of life on Earth in general.
Futures studies, futures research, futurism research, futurism, or futurology is the systematic, interdisciplinary and holistic study of social/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 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.
Strategic foresight is a planning-oriented discipline related to futures studies. In a business context, a more action-oriented approach has become well known as corporate foresight.
In futurology, especially in Europe, the term foresight has become widely used to describe activities such as:
Richard Slaughter is a scholar and writer in the field of futures studies, applied foresight and social innovation. He is the co-director of Foresight International, and has guest edited the journals Futures and foresight. His work has centred on developing the theory and practice of futures in education; the transition from empirical to critical futures work; bringing Integral theory into futures, and working with others to stimulate effective responses to what he regards as a "global emergency" created, in part, by the confluence of peak oil and global warming.
Backcasting is a planning method that starts with defining a desirable future and then works backwards to identify policies and programs that will connect that specified future to the present. The fundamentals of the method were outlined by John B. Robinson from the University of Waterloo in 1990. The fundamental question of backcasting asks: "if we want to attain a certain goal, what actions must be taken to get there?"
The University of Houston College of Technology is the second largest among 13 schools and colleges at the University of Houston. It offers 11 undergraduate degrees and 12 graduate degrees throughout four different departments. In fall of 2017, there were 6,520 students enrolled in the college. The University of Houston has a new building in Sugar Land, Texas, for the College of Technology; programs are being moved there and a couple of programs will solely be offered at that campus.
A global catastrophic risk or a doomsday scenario is a hypothetical event that could damage human well-being on a global scale, even endangering or destroying modern civilization. An event that could cause human extinction or permanently and drastically curtail humanity's existence or potential is known as an "existential risk".
The following outline is provided as an overview of and topical guide to futures studies:
Technology scouting is an element of technology management in which
Foresight: The Journal of Futures Studies, Strategic Thinking and Policy is an international bi-monthly journal published by the Emerald Publishing Group. The name connotes the term "foresight" as it is used in futures studies. Established in 1999, the journal provides a powerful framework and set of techniques that allow for understanding trends and drivers shaping the world, exploring alternative futures, setting priorities and formulating strategies for action. Foresight is a valuable source for futurists and foresight practitioners who should be at the forefront of discovering practical ways to manage 21st century life under growing complexity with a long-term perspective. The journal offers a much-needed forum for sound thinking about the future and socio-technological innovations, and focuses on themes and issues shaping the future, new quantitative and qualitative methods, as well as case studies with novel approaches. The journal is edited by Prof.Dr. Ozcan Saritas since 2009.
Sohail Inayatullah is a Pakistani-born Australian academic, futures studies researcher and a professor at the Graduate Institute of Futures Studies at Tamkang University in Taipei, Taiwan.
Jerome C. Glenn is a futurist who serves as the executive director of the Millennium Project. He has been the executive director of the American Council for the United Nations University (1988–2007) and the deputy director of Partnership for Productivity International.
The Institute for the Future (IFTF) is a Palo Alto, California, US–based not-for-profit think tank. It was established, in 1968, as a spin-off from the RAND Corporation to help organizations plan for the long-term future, a subject known as futures studies.
Threatcasting is a conceptual framework used to help multidisciplinary groups envision future scenarios. It is also a process that enables systematic planning against threats ten years in the future. Utilizing the threatcasting process, groups explore possible future threats and how to transform the future they desire into reality while avoiding undesired futures. Threatcasting is a continuous, multiple-step process with inputs from social science, technical research, cultural history, economics, trends, expert interviews, and science fiction storytelling. These inputs inform the exploration of potential visions of the future.
Solarpunk is a literary and artistic movement, close to the hopepunk movement, that envisions and works toward actualizing a sustainable future interconnected with nature and community. The "solar" represents solar energy as a renewable energy source and an optimistic vision of the future that rejects climate doomerism, while the "punk" refers to do it yourself and the countercultural, post-capitalist, and sometimes decolonial aspects of creating such a future.
Horizon scanning (HS) or horizon scan is a method from futures studies, sometimes regarded as a part of foresight. It is the early detection and assessment of emerging technologies or threats for mainly policy makers in a domain of choice. Such domains include agriculture, environmental studies, health care, biosecurity, and food safety.
Future-oriented technology analysis (FTA) is a collective term from futures studies for analyzing future technology and its consequences. It includes technology intelligence, technology forecasting, technology roadmapping, technology assessment, and technology foresight. Technology Futures Analysis or Technology Future Analysis (TFA) is a synonym.