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What is Political Risk?

Political risk is an idea many actors very often use. But what does political risk mean? What does political risk address? With the video below, we explain what is political risk. Meanwhile, we experiment with a new medium. We also test an approach through brief explanations of fundamental concepts and ideas. Let us know what …

Expressing and Understanding Estimative Language

When dealing with the future, we use a language that includes specific notions such as the expression of probability and of impacts. In terms of probability, for example, we use words such as “likely” and for impacts terms such as “severe”. Furthermore, to be truly complete, we should add a confidence judgement. As explained by …

COVID-19: Anticipation, Timing and Influence – From Mobility Restriction to Medicine Shortage

Scenarios regarding the future of the COVID-19 epidemic outbreak in China and globally vary wildly (David Cyranoski, “When will the coronavirus outbreak peak?“, Nature, 18 February 2020). The estimates go from the outbreak peaking at the end of February 2020 to months away with millions infected (Ibid.). The WHO Director-General stressed the necessity to remain …

Resources to monitor the COVID-19 Pandemic

The “new Coronavirus COVID-19 epidemic outbreak” became the COVID-19 pandemic. With time we learn more about the SARS-CoV-2 (the virus), the COVID-19 (the disease) and its multiple components and impacts. As a result, we must continue to closely monitor it, using the best possible ressources available. All actors should also develop scenarios to make sure …

How to Analyse Future Security Threats (4): Scenarios and War

This article focuses on scenarios for war. It explains first why scenarios need to be mutually exclusive. Then it provides logical templates for building scenarios dealing with war. Finally it offers an updated bibliography of scenarios for Syria over time. Towards an Operational Methodology to Analyse Future Security Threats and Political Risk (1) Methodology to …

Foreseeing the Future Quantum-Artificial Intelligence World and Geopolitics

Google has reportedly achieved the famous Quantum Supremacy, as the Financial Times first reported on 20 September 2019.

Despite heated discussions regarding the validity of the claim (e.g. Hacker News), this reminds us that a world with quantum computers is about to be born. All actors need to take this new future into account, in all its dimensions. This is even truer for those concerned with international security at large.

This new series focuses on understanding the coming quantum-AI world. How will this future world look like? What will be the impacts on geopolitics and international security? When will these changes take place…

How to Read a Large Amount of Information and Fight against Fake News

The incredible and growing amount of information available nowadays presents us with specific challenges we need to overcome. Meanwhile, the rediscovery of propaganda and the power of rumours spread on social networks, now labelled “fake news”, only make more acute the need to find our way through the mass of information available. This is even …

Scenarios: Improving the Impact of Foresight thanks to Biases

Foreseeing the future, whatever the name given to the endeavour, includes two major tasks.

The first one is, of course, the analysis, the process according to which the foresight, forecast, warning, or, more broadly, anticipation is obtained.

The second one is less obvious, or rather so evident that it may be overlooked. It is, however, no less vital than analysis. We need to deliver the output of the analytical process to those who need the foresight, the decision-makers or policy-makers. Ideally, the recipients must understand that output, because they will act on it. They need to integrate the new knowledge received in the decisions they will take.*

A huge challenge runs across these tasks: biases.

We must overcome the various natural and constructed biases – systematic mental errors – that limit human understanding. This article will present first the classical way we deal with biases: we consider them – quite rightly – as “enemies” and we devote much effort to mitigate them. Then, considering the specificity of the delivery stage, this article suggests that another strategy is necessary. We need to turn our usual strategy on its head and befriend biases. In that case, scenarios become a tool of choice for an enhanced delivery of our foresight to decision-makers […]

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Horizon Scanning and Monitoring for Early Warning: Definition and Practice

(Rewritten and revised edition) Horizon scanning and monitoring for early warning are part of the family of activities used to foresee the future, anticipate uncertainty and manage risks. Their practice is crucial for successful strategic foresight and warning, risk management, futurism or any anticipatory activity. While monitoring is a generic and common term used for …

When Risk Management Meets Strategic Foresight and Warning

Risk management is codified by the International Organization for Standardization (ISO). It is aimed at any organisation concerned with risk, be it public or private (Sandrine Tranchard, “The new ISO 31000 keeps risk management simple“, ISO News, 15 Feb 2018). Its forebear is actuarial science, i.e. methodologies to assess risk in insurance and finance (e.g. …

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