The high range of available technology choices and the growing complexity in business led to a complexity of the overall environment to which Technology Forecasting had to adapt itself.Thus we see the emergence of Technology Forecasting Technologies such as the Delphi replacing hardcore mathematical and quantitative forecasting. Developed by Ted Gordon and his associates at the Rand Corporation, Delphi addressed the need to collate intellectual information or knowledge from people dispersed over different geographical locations, in an approach very similar to what could be termed as knowledge management to provide technology inputs for strategic planning in resonance with the future and its inevitable changes. Delphi too has evolved over time resulting in a decrease in the number of query rounds and increase in the number of people queried. The development of normative forecasting has also been a response to changing times. Normative forecasting first sets the objectives and then, in a very quantitative manner, specifies the order of activities that is required to meet the proposed schedule. The gaps in terms of capabilities or resources along the way are identified. These gaps can be in any area of science, technology, engineering or organization (Coates, 1999, p: 62). Normative forecasting therefore forecasts a technology change and then splits up the path to achieve the required level of technology advancement into achievable incremental steps to be reached by plugging the identified gaps. Normative forecasting was used in the plan to put man on the moon.General frameworks or propositions have also been applied in place of traditional technological forecasting to cover a wider spectrum of technology impacts. The Moore’s Law. Technology Forecasting.
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