Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and information technologies automated the production process in the third commercial transformation. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have actually become blurred and this current transformation, which began with the digital revolution in the mid-1900s, is "defined by a blend of innovations." This combination of innovations included "fields such as expert system, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 yearly WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was likewise a young worldwide leader and a member of the Council on Cities and Urbanization, published a blog post that was later on published by thinking of how technology could improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were understood through this fusion of technologies.
Given that everything was totally free, consisting of clean energy, there was no requirement to own products or property. In her imagined circumstance, a number of the crises of the early 21st century "way of life illness, climate modification, the refugee crisis, ecological destruction, totally crowded cities, water pollution, air contamination, social unrest and unemployment" were resolved through brand-new innovations. The short article has been slammed as portraying a paradise at the rate of a loss of personal privacy. In reaction, Auken said that it was planned to "start a discussion about some of the advantages and disadvantages of the present technological advancement." While the "interest in Fourth Industrial Transformation innovations" had actually "increased" during the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Program virtual panel discussed how synthetic intelligence (AI) will "basically alter the world". 63% of CEOs think that "AI will have a bigger impact than the Web." Throughout 2020, the Great Reset Dialogues led to multi-year tasks, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report stated that, while "digital communities will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] state their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.