Through electrical power, the 2nd industrial mass production was introduced. Electronics and information technologies automated the production procedure in the third commercial revolution. In the fourth commercial transformation the lines in between "physical, digital and biological spheres" have become blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "characterized by a fusion of technologies." This blend of innovations included "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." Right before the 2016 yearly WEF meeting 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, uploaded a post that was later released by envisioning how innovation could enhance our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this blend of innovations.
Considering that everything was complimentary, consisting of tidy energy, there was no requirement to own items or realty. In her imagined situation, a number of the crises of the early 21st century "way of life diseases, environment modification, the refugee crisis, environmental destruction, totally crowded cities, water contamination, air pollution, social unrest and joblessness" were solved through new technologies. The post has been criticized as portraying a paradise at the cost of a loss of privacy. In reaction, Auken stated that it was planned to "begin a discussion about a few of the pros and cons of the current technological advancement." While the "interest in Fourth Industrial Revolution technologies" had "spiked" throughout the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger impact than the Internet." During 2020, the Great Reset Discussions led to multi-year tasks, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital changes". Their report said 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 ideal digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.