What role does technological forecasting play in understanding future trends?
- It helps identify emerging technologies and predict their potential impact on industries
- It speeds up the development process by skipping the planning phase
- It is unnecessary as technological advancements are unpredictable
- It only focuses on past technologies
Technological forecasting assists in recognizing emerging technologies and anticipating their influence on industries. By understanding these trends, businesses can adapt their strategies to capitalize on opportunities and mitigate risks, leading to informed decision-making.
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