Through electrical power, the second industrial mass production was presented. Electronics and details innovations automated the production procedure in the third commercial transformation. In the 4th commercial transformation the lines between "physical, digital and biological spheres" have actually become blurred and this current transformation, which started with the digital transformation in the mid-1900s, is "defined by a combination of innovations." This fusion of innovations included "fields such as expert system, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual 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, submitted a post that was later published by imagining how innovation might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this blend of innovations.
Considering that whatever was free, including clean energy, there was no need to own items or property. In her imagined scenario, a lot of the crises of the early 21st century "lifestyle illness, climate modification, the refugee crisis, environmental deterioration, totally congested cities, water contamination, air pollution, social discontent and joblessness" were fixed through brand-new technologies. The post has been criticized as portraying an utopia at the rate of a loss of personal privacy. In reaction, Auken said that it was meant to "begin a discussion about some of the advantages and disadvantages of the current technological advancement." While the "interest in 4th Industrial Transformation innovations" had "spiked" throughout the COVID-19 pandemic, fewer than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." During 2020, the Great Reset Dialogues resulted in multi-year jobs, such as the digital change programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] say their leaders have the ideal digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.