What is the process I use to keep up and /or uncover emerging trends and what tools do I use? Previously, I’ve written about how to create an insights bank using Evernote. Here I’ll expand on that initial idea, with a quick guide on how you can stay on top of emerging trends, as well as building your own sense making capability, to make sure you don’t get caught off guard.
Why do successful companies fail? Because they miss the future. But, companies don’t fail because they choose the wrong course, they fail because they can’t imagine a better one.
How does trend spotting fit into an organization’s future?
Innovators either create trends that change the world, or take advantage of emerging ones. Trend spotting is a very important innovation skill, and one that the vast majority of companies outsource to trend hunting firm; sometimes with no benefit.
This is a valid strategy, but a I’d recommend you don’t bet on it because most organizations have access to the same information those trend hunting firms are selling. More strategic for you is to develop your own capability for detecting and taking action on trends.
Detecting trends is a similar exercise to how you look for tension points to uncover opportunities for innovation; you attentively look for what at some point could become a huge problem.