Novel `Crowdsourcing` Methods Will Have Global Impact.

The methods used by organisations to forecast the future have changed very little over the last sixty years whilst the speed of change and the level of volatility in the external environment has increased inexorably to hitherto unseen proportions. However, one of the causes of this volatility, Internet technology, may be responsible for providing a solution to the problems of forecasting in highly complex and fast moving macro and micro environments. Crowdsourcing has recently emerged as a credible forecasting technique where information is obtained by enlisting the services of a wide range of different people via the Internet and using this expertise to make future predictions relating to macroeconomic and geopolitical events.