Through electrical power, the second commercial mass production was introduced. Electronics and infotech automated the production procedure in the third industrial revolution. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "identified by a combination of innovations." This fusion of technologies included "fields such as expert system, robotics, the Web of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just prior to the 2016 yearly WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was likewise a young international leader and a member of the Council on Cities and Urbanization, uploaded an article that was later published by imagining how technology could improve our lives by 2030 if the United Nations sustainable development goals (SDG) were understood through this fusion of technologies.
Considering that everything was complimentary, consisting of clean energy, there was no need to own products or realty. In her thought of situation, a lot of the crises of the early 21st century "lifestyle diseases, climate modification, the refugee crisis, environmental deterioration, totally congested cities, water contamination, air contamination, social unrest and unemployment" were dealt with through brand-new innovations. The short article has been criticized as representing a paradise at the cost of a loss of privacy. In action, Auken stated that it was meant to "start a discussion about a few of the pros and cons of the present technological advancement." While the "interest in 4th Industrial Revolution innovations" had "spiked" throughout the COVID-19 pandemic, less than 9% of business were using artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Program virtual panel went over how artificial intelligence (AI) will "essentially change the world". 63% of CEOs think that "AI will have a bigger impact than the Web." During 2020, the Great Reset Dialogues resulted in multi-year jobs, such as the digital improvement programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital improvements". Their report stated that, while "digital ecosystems will represent more than $60 trillion in profits by 2025", "just 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.