Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and infotech automated the production procedure in the third commercial revolution. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "defined by a fusion of technologies." This fusion of technologies consisted of "fields such as expert system, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 annual WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, published a blog site post that was later on released by imagining how technology might enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this combination of technologies.
Because whatever was complimentary, consisting of tidy energy, there was no requirement to own products or property. In her envisioned situation, much of the crises of the early 21st century "way of life diseases, climate change, the refugee crisis, environmental destruction, completely crowded cities, water contamination, air contamination, social discontent and unemployment" were resolved through new innovations. The post has been criticized as depicting a paradise at the rate of a loss of personal privacy. In response, Auken said that it was intended to "begin a discussion about some of the advantages and disadvantages of the existing technological advancement." While the "interest in Fourth Industrial Transformation technologies" had actually "surged" throughout the COVID-19 pandemic, less than 9% of business were utilizing device learning, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel talked about how artificial intelligence (AI) will "basically alter the world". 63% of CEOs think that "AI will have a bigger impact than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had 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] say their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.