Preferred Futures & Innovatiion
Preferred Futures also is vitally involved in the innovation of new products and services for emerging 21st markets, which will shape future industrial and enterprise development in each of these areas
It is also interested in how emerging generic technologies will shape these core areas. The four core technologies which will shape the development of new innovations are ; * Cybertechnologies, including information technology (IT), knowledge technology (KT) and wisdom technology (WT) * Biotechnologies * Nanotechnologies, and * New Materials technologies 
In its consultation work and envisioning, Preferred Futures uses a state of the art collaborative computing system called a Collaborator which is an Australian innovation.
The Collaborator is a single PC to which is attached up to 12 keyboards. All these keyboards can be used to simultaneously input ideas and opinions to questions which would be developed by the project team in consultation with the client and other interested parties. Because the PC screen is projected into a large screen or wall, all participants can see the contributions of others, thereby maximising the stimulation which comes from intensive interaction . All ideas and comments are recorded in a data base, which will be made available to the client. A data base interrogation software program called InfoSelect is then used to collect all ideas of similar content or containing core keywords into single frames, where they can be used to drew conclusions or to write scenarios.
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