News release

TechCast 's Value Noted

Fleet Owner Magazine published a piece on TechCast, noting that the site carries technology forecasting to "a new level of insight and understanding."
[Fleet Owner web news for August 19, 2005] George Washington University management professor, William E. Halal is widely recognized as a leading authority on institutional and economic change, strategic management and emerging technologies. He is also the CEO of TechCast LLC (http://www.techcast.org) a technology forecasting service designed help to bring a new level of insight and understanding to the strategic planning process.
TechCast offers analyses of the most critical technological trends in all fields, including transportation and energy. Based on the Delphi forecasting method that pools the best available background information and the collective knowledge of leading experts, TechCast offers not only critical commentary, but also projects when an emerging technology will go mainstream, the estimated market potential, frequency distributions of data and even a confidence rating concerning the forecast.

Concerning alternative energy, for example, a bulletin authored by Halal and published on August 19 notes that: “There are preliminary signs that global oil production may be nearing its peak, at a significant time when developing nations are starting to use more oil and concern over environmental impacts is growing. Most agree this signals the end of a long era of carbon fuel dependency… Overall, alternative energy is growing 30% per year, backed by wide public support, and corporate investment is strong. As oil prices continue to rise and the cost of alternatives continues to fall with further technical advances, it seems likely that carbon fuels will no longer be the main energy source in two to three decades. TechCast has completed different studies that converge on 2020 +/- 5 years as the serious beginning of this transition period, when 30% of all global energy is most likely to be derived from alternative sources.”

Access to this new technology forecasting website is “free and unlimited while we get up to speed,” says Halal. There will be an annual subscription fee of $950 per seat beginning in about two to three weeks. ---- Wendy Leavitt



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