Predicting the future

I have been procrastinating over a question asked by the wonderful Meredith Etherington-Smith, which she put to me some time ago.

Why? Because it is a very good question and it really hits the sweet spot right in the middle of this Industry:

Hi – Fascinating idea being a Futurist. What is the difference between predicting the future and predicting trends which are – if predicted far forward enough- predicting the shape and the content of the future?.

The nub of this issue is what is a trend? And what is the future?

My first response, which avoids both of these questions, is a futurist should be able to predict trends before they happen and that is the difference between a trend spotter and a futurist.

To attempt to clarify the first two questions, here is a start for now: Trends are not uniform and the distinction between drivers and outputs is important. Often change will produce outputs which counter the original trend. For example ‘the aging population’ is a longterm demographic driver, but the trend of the ‘new young’ – ‘Age is relative and I am as old as I feel’ – goes directly against this dynamic.

So yes, in a way, the future is a composite of all the trends that are out there, but the linearity of this is not given, it is very dangerous to read from A to B using trends.

I am going to have to leave it there for now because, to be honest, there’s a life’s work in this.

Thanks Meredith, a brilliant question and a fascinating area to talk about.

Fast Moving Information Goods: FMIGS

The word is out and it’s not just me reading this any more. That feels good. I hope you enjoy. So what is happening in my head..? Well, I’ve come up with a new term: FMIGs – Fast Moving Information Goods.

It is obviously a derivative of FMCGs – Fast Moving Consumer Goods – and seems be useful in describing the currency of the web’s new trends domain. As far as trends go, it seems to be increasingly about the speed with which you go to market and the colour of your wrapping – the buzzy concept you invent – for your trend.