Through electrical power, the second industrial mass production was introduced. Electronics and information technologies automated the production procedure in the third commercial revolution. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This combination of technologies included "fields such as expert system, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, published an article that was later on published by picturing how innovation could improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this combination of innovations.
Since everything was complimentary, consisting of tidy energy, there was no need to own products or property. In her envisioned circumstance, a lot of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological destruction, entirely crowded cities, water contamination, air contamination, social unrest and unemployment" were solved through new innovations. The article has been slammed as depicting an utopia at the rate of a loss of personal privacy. In reaction, Auken stated that it was planned to "begin a conversation about some of the benefits and drawbacks of the existing technological advancement." While the "interest in Fourth Industrial Transformation technologies" had "increased" during the COVID-19 pandemic, less than 9% of business were using maker knowing, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." Throughout 2020, the Great Reset Discussions resulted in multi-year tasks, such as the digital change program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.