SUNConferences, 29th Annual Conference of SAIIE

Font Size: 
RAPIDLY ARRIVING FUTURES: FUTURE READINESS FOR INDUSTRY 4.0
Anthon P Botha

Last modified: 2018-10-17

Abstract


The future being shaped by Industry 4.0 has arrived. Tools are availabe which anticipate the future, approximate it, estimate it and select a preferred future, but do we know how to make disruptive futures part of our business and lives? Building on Technology Readiness Levels and Manufacturing Readiness Levels, Future Readiness Levels and a Future Readiness Index are suggested in this paper. The Future Readiness Levels (FRL) are based on readiness at the technology, behaviour, event and future thinking capability levels. A Future Readiness Index (FRI) is then determined based on the entire future thinking space (technology, behaviour, events and capability to do future thinking). Once the FRL and FRI are known, it will become clear what strategic interventions are required to thrive in a preferred future. The existing and desired situation in future readiness are compared and the gaps are addressed. This approach provides a tool for internal monitoring and evaluation of the state of the organisation to remain sustainable and competitive in a future that is arriving rapidly, to competitively compare organisations in a similar cluster, benchmarking at industry level, as well as ultimately, having a potential for measuring the future readiness of nations.