Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and info technologies automated the production process in the third industrial revolution. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have actually ended up being blurred and this current transformation, which began with the digital revolution in the mid-1900s, is "defined by a combination of technologies." This combination of innovations consisted of "fields such as artificial intelligence, robotics, the Web of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 yearly WEF conference of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, published a post that was later released by thinking of how technology might improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this blend of technologies.
Because everything was free, including tidy energy, there was no need to own items or realty. In her pictured scenario, a number of the crises of the early 21st century "way of life illness, environment change, the refugee crisis, environmental destruction, totally congested cities, water contamination, air contamination, social discontent and joblessness" were resolved through new innovations. The short article has been slammed as depicting an utopia at the cost of a loss of personal privacy. In response, Auken stated that it was planned to "start a conversation about some of the benefits and drawbacks of the present technological development." While the "interest in Fourth Industrial Transformation technologies" had "increased" during the COVID-19 pandemic, less than 9% of business were using artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "essentially change the world". 63% of CEOs think that "AI will have a bigger impact than the Internet." During 2020, the Great Reset Discussions resulted in multi-year jobs, such as the digital transformation program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report said that, while "digital environments will represent more than $60 trillion in revenue by 2025", "just 9% of executives [in July 2020] state their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.