Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and details technologies automated the production process in the 3rd industrial transformation. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have become blurred and this existing transformation, which began with the digital revolution in the mid-1900s, is "identified by a combination of technologies." This blend of innovations consisted of "fields such as expert system, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, uploaded a post that was later published by envisioning how innovation could enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were understood through this blend of technologies.
Given that everything was complimentary, consisting of clean energy, there was no need to own items or realty. In her envisioned scenario, numerous of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, environmental destruction, completely congested cities, water contamination, air contamination, social discontent and joblessness" were resolved through brand-new technologies. The article has been slammed as representing a paradise at the price of a loss of personal privacy. In response, Auken said that it was intended to "start a conversation about some of the benefits and drawbacks of the existing technological advancement." While the "interest in Fourth Industrial Revolution innovations" had "spiked" throughout the COVID-19 pandemic, fewer than 9% of business were using device learning, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Program virtual panel went over how expert system (AI) will "essentially change the world". 63% of CEOs believe that "AI will have a larger impact than the Web." During 2020, the Great Reset Discussions led to multi-year jobs, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report said that, while "digital communities will represent more than $60 trillion in income by 2025", "just 9% of executives [in July 2020] state their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.