Machine Economicus – Business Forecast 4.0 - Methods to Predict Short-, Medium- and Long-term Futures

An ever-increasing amount of information, digitization and interconnectedness makes predictions of the future easier. Conversely, systems have never been as complex, uncertain, ambiguous and ambivalent as they are today, resulting in the interference of prognoses. Therefore, different approaches to projections of futures (forecasting, foresight, future creation) have to be combined to anticipate probable developments, assess weak signals and prepare a company effectively for the unforeseeable. The combination ensures the viability of a company in the short-, medium- and long-term perspective.