Through electrical power, the second industrial mass production was introduced. Electronics and infotech automated the production procedure in the third industrial transformation. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have become blurred and this current transformation, which started with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This blend of innovations consisted of "fields such as expert system, robotics, the Web of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Simply before the 2016 annual WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, published a blog post that was later published by thinking of how innovation might improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this fusion of technologies.
Given that everything was free, including tidy energy, there was no requirement to own products or genuine estate. In her thought of situation, a number of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological destruction, completely crowded cities, water contamination, air contamination, social discontent and joblessness" were solved through new technologies. The post has actually been slammed as portraying a paradise at the rate of a loss of privacy. In action, Auken said that it was planned to "begin a discussion about some of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Transformation innovations" had actually "surged" during the COVID-19 pandemic, less than 9% of companies were using machine learning, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how synthetic intelligence (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a larger effect than the Internet." During 2020, the Great Reset Dialogues led to multi-year projects, such as the digital improvement program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] state their leaders have the best digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.