Deloitte - Disruption in the time of COVID

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How governments can navigate a disrupted world

Foresight

T

HE PANDEMIC HAS highlighted the

disruptive technology such as AI is an example of

importance of foresight. Of course, foresight

foresight, focused on opportunity rather than risk.

has been a hallmark of some agencies,

particularly those tasked with fighting adversaries

Foresight abilities generally focus on two themes—

or responding to disasters. The United States Coast

understanding trends and uncertainties and

Guard has used future alternative scenario

analyzing scenarios.

planning, currently called Project Evergreen, for more than two decades.1 The US intelligence

Figure 2 lays out an approach to foresight planning,

community has its Long-Range Analysis Unit; the

and how an organization could build a bias toward

Canadian Network for Defence and Security

action in the face of uncertainty.

Analysis uses foresight and future scenario forecasting to advance defense capabilities.2 But

While most government agencies should have some

recent events suggest the ability to anticipate

foresight capabilities, it doesn’t necessarily require a

disruption often brings significant value to all

separate foresight unit. Organizations can build these

levels of government. While current events have

abilities through numerous avenues, engaging with

brought attention to the downside of disruptive

academia, business, and others to understand risks

change, effective foresight can also be used to

and their implications. Budget and policy offices,

identify and embrace opportunities. Government

government innovation offices, and other entities can

looking ahead to the potential benefits of a

come together to engage in strategic foresight

FIGURE 2

Foresight approach to uncertainty, trends, and risks Continuously scan the environment to monitor and track early warning indicators while testing and refining plans and scenario-based contingencies.

Horizon scanning and monitoring Monitor and track structured and unstructured data sources on curated subtopics and metrics for specific interest rates.

DING T STAN RE ER ND D N S U

Scenario tracking

Discover important trends and their strategic implications as they emerge by leveraging natural language processing and machine learning to synthesize structured and unstructured sources.

FORESIGHT

Build a bias toward action in the face of uncertainty

ARIO ANALYS EN IS SC

Trends discovery and monitoring

Scenario-based strategy Develop an informed, robust strategy across multiple scenarios, with clearly articulated scenario-specific action plans, hedges, and bets.

Identify risks and questions

Scenario planning

Identify the major risks, questions, and choices the ecosystem faces to ensure coverage of driving forces.

Build future scenarios through qualitative and quantitative identification and analysis of relevant drivers for the most important topic areas.

Source: Deloitte analysis. Deloitte Insights | deloitte.com/insights

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Deloitte - Disruption in the time of COVID by Nadia Serhani - Issuu