Through electrical power, the second industrial mass production was introduced. Electronics and details innovations automated the production process in the third commercial transformation. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this existing transformation, which began with the digital transformation in the mid-1900s, is "defined by a fusion of innovations." This fusion of innovations consisted of "fields such as expert system, robotics, the Internet of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 annual WEF conference of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young worldwide leader and a member of the Council on Cities and Urbanization, submitted an article that was later released by picturing how technology could enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this fusion of technologies.
Considering that everything was complimentary, consisting of tidy energy, there was no need to own items or property. In her thought of situation, numerous of the crises of the early 21st century "way of life diseases, climate change, the refugee crisis, ecological deterioration, entirely crowded cities, water pollution, air contamination, social unrest and unemployment" were dealt with through brand-new technologies. The article has actually been slammed as portraying an utopia at the cost of a loss of privacy. In action, Auken said that it was intended to "start a conversation about a few of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Revolution technologies" had "increased" throughout the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a larger effect than the Web." Throughout 2020, the Great Reset Discussions led to multi-year jobs, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] state their leaders have the best digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
