Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and infotech automated the production procedure in the third commercial transformation. In the fourth commercial transformation the lines in between "physical, digital and biological spheres" have actually become blurred and this present transformation, which started with the digital revolution in the mid-1900s, is "defined by a blend of innovations." This blend of technologies included "fields such as expert system, robotics, the Web of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, uploaded a post that was later published by imagining how technology could improve our lives by 2030 if the United Nations sustainable development goals (SDG) were recognized through this fusion of innovations.
Because everything was free, consisting of tidy energy, there was no requirement to own items or realty. In her imagined situation, much of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, environmental degradation, totally crowded cities, water contamination, air pollution, social discontent and unemployment" were resolved through new innovations. The article has actually been criticized as representing an utopia at the price of a loss of privacy. In response, Auken stated that it was intended to "start a conversation about some of the pros and cons of the present technological advancement." While the "interest in 4th Industrial Revolution technologies" had actually "increased" throughout the COVID-19 pandemic, less than 9% of business were using artificial intelligence, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Agenda virtual panel talked about how artificial intelligence (AI) will "basically alter the world". 63% of CEOs think that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Dialogues led to multi-year tasks, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital changes". Their report stated that, while "digital ecosystems will represent more than $60 trillion in earnings 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.