The Impact of Digital Strategic Foresight on Enhancing Institutional Planning and Future Decision-Making: Towards Institutional Readiness and Sustainable Development
摘要
This paper intends to bring out the digital strategic foresight regarding their future impact on institutional planning, capacity to face the challenges bestowed by the future, and excellence in the institution. An attempt is made to critically review the concepts and diverse methods of foresight to give proper meaning to their role in managing and improving the capacity of the institution in readiness as well as decision-making. Results of the study reflect that digital strategic foresight emerges in the top listed gambits of modern tools that strategically poised the organization to respond to dynamic movements in the future by trend analysis and developing various scenarios to bring a realized vision of opportunities and threats. The study proved that the approach under review has already made an effective contribution in better planning and decision-making, integrating it with a future dimension into the policies of the organization as well as public and private institutions, for converting potential challenges into developmental opportunities that can be harnessed. The research further brings to the fore the imperative demand for fusing new digital technologies, such as artificial intelligence and Big Data Analytics, with an approach to digital strategic foresight on account of their ever-heightening contribution toward not only further enhancing estimation quality of the future actionable dynamics but also supporting the flexibility of public policies. Indeed, this is the multiplier factor for the efficiency of institutional planning and its sensitivity to changes in the surrounding environments. Therefore, the findings make this study believe that the condition for digital strategic foresight is not anymore an institutional one; it is necessary in the present times to catch up with a swift transformation that warrants continuity in performative dynamics leading to long-term improvements.