Through electrical power, the second commercial mass production was introduced. Electronic devices and details technologies automated the production process in the 3rd commercial revolution. In the 4th industrial revolution the lines in between "physical, digital and biological spheres" have actually become blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "identified by a combination of innovations." This blend of innovations included "fields such as artificial intelligence, robotics, the Web of Things, autonomous vehicles, 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, uploaded a post that was later published by picturing how technology could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this fusion of technologies.
Because everything was totally free, including clean energy, there was no requirement to own products or genuine estate. In her thought of scenario, many of the crises of the early 21st century "lifestyle illness, environment modification, the refugee crisis, environmental degradation, totally crowded cities, water pollution, air pollution, social discontent and joblessness" were dealt with through brand-new innovations. The post has actually been criticized as depicting a paradise at the price of a loss of personal privacy. In reaction, Auken stated that it was intended to "begin a discussion about a few of the pros and cons of the current technological development." While the "interest in Fourth Industrial Revolution technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel went over how artificial intelligence (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger impact than the Internet." Throughout 2020, the Great Reset Dialogues resulted in multi-year jobs, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report said 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". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.