Through electrical power, the 2nd industrial mass production was introduced. Electronics and information technologies automated the production process in the 3rd commercial transformation. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this present revolution, which began with the digital revolution in the mid-1900s, is "identified by a combination of technologies." This combination of technologies included "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." Right before the 2016 annual WEF meeting of the International 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 post that was later on published by envisioning how innovation could enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this fusion of innovations.
Considering that whatever was free, consisting of clean energy, there was no requirement to own products or property. In her envisioned circumstance, many of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, ecological deterioration, entirely congested cities, water contamination, air contamination, social unrest and unemployment" were resolved through brand-new innovations. The article has been criticized as portraying a paradise at the cost of a loss of privacy. In response, Auken stated that it was planned to "begin a conversation about a few of the advantages and disadvantages of the current technological advancement." While the "interest in Fourth Industrial Transformation innovations" had "increased" during the COVID-19 pandemic, less than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Agenda virtual panel went over how expert system (AI) will "basically alter the world". 63% of CEOs think that "AI will have a larger effect than the Web." During 2020, the Great Reset Dialogues resulted in multi-year tasks, 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 environments will represent more than $60 trillion in income by 2025", "only 9% of executives [in July 2020] state their leaders have the right digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.