Through electrical power, the second commercial mass production was introduced. Electronic devices and infotech automated the production procedure in the 3rd commercial transformation. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this existing revolution, which began with the digital revolution in the mid-1900s, is "characterized by a blend of technologies." This combination of innovations included "fields such as artificial intelligence, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, published a blog post that was later on published by thinking of how technology could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this combination of innovations.
Since whatever was complimentary, including clean energy, there was no need to own products or real estate. In her imagined scenario, much of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, ecological destruction, entirely crowded cities, water contamination, air contamination, social discontent and unemployment" were dealt with through brand-new technologies. The post has actually been criticized as portraying a paradise at the price of a loss of privacy. In response, Auken stated that it was intended to "begin a conversation about some of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Revolution innovations" had "increased" throughout the COVID-19 pandemic, fewer than 9% of business were utilizing device learning, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "essentially change the world". 63% of CEOs believe that "AI will have a larger effect than the Web." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "accelerated 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] say their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.