Through electrical power, the second industrial mass production was presented. Electronic devices and information innovations automated the production process in the third commercial revolution. In the 4th commercial revolution the lines between "physical, digital and biological spheres" have ended up being blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "identified by a fusion of technologies." This fusion of technologies included "fields such as artificial intelligence, robotics, the Internet of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 annual WEF conference of the International Future Councils, Ida Aukena Danish MP, who was likewise a young international leader and a member of the Council on Cities and Urbanization, submitted a blog site post that was later released by envisioning how technology might enhance our lives by 2030 if the United Nations sustainable development objectives (SDG) were recognized through this blend of technologies.
Since whatever was free, including tidy energy, there was no requirement to own products or genuine estate. In her thought of situation, many of the crises of the early 21st century "way of life illness, environment modification, the refugee crisis, ecological destruction, totally congested cities, water pollution, air pollution, social discontent and unemployment" were dealt with through new innovations. The short article has been criticized as depicting a paradise at the cost of a loss of privacy. In reaction, Auken stated that it was meant to "begin a discussion about a few of the benefits and drawbacks of the existing technological development." While the "interest in 4th Industrial Transformation innovations" had "increased" throughout the COVID-19 pandemic, fewer than 9% of business were using device learning, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how artificial intelligence (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." 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 increased and "accelerated digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in profits by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.