Technology Foresight Using MCDM Methods

Ondrus, J., Pigneur, Y. (2013) Technology Foresight Using MCDM Methods (submitted).

In this paper, we demonstrate the successful design and use of a Foresight Support System (FSS) combining two multi-criteria decision-making (MCDM) methods. Traditionally, foresight activities involves Delphi, focus group, or Estimate-Talk-Estimate to collect opinions of an expert panel. Often, these techniques are not computerized and data visualization is rudimentary. Our highly-interactive FSS solves a number of inherent issues during the data collection, analysis, and results visualization processes. Despite that MCDM methods have been recommended for technology foresight, a validation with a real field experiment was still required. To evaluate our approach and FSS, we conducted a foresight exercise for the Swiss mobile payments market. Our research confirms that the use of MCDM methods supported with a computerized tool can enhance the foresight processes and results.

This research paper is based on Jan’s PhD thesis.The previous papers were mostly reporting the results of the mobile payment study. This paper focuses on the design of a FSS using the MCDM approach for technology foresight and proposes nine design propositions for improving foresight processes using a visual approach. The mobile payment study is quickly described in order to emphasise that the FSS has been tested in a real world environment.

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