Through electrical power, the 2nd commercial mass production was presented. Electronic devices and infotech automated the production process in the 3rd industrial transformation. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have actually ended up being blurred and this existing revolution, which began with the digital transformation in the mid-1900s, is "identified by a blend of technologies." This blend of innovations consisted of "fields such as artificial intelligence, robotics, the Internet of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Global 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 post that was later on published by thinking of how innovation might improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were understood through this blend of technologies.
Considering that whatever was free, consisting of tidy energy, there was no need to own items or realty. In her imagined scenario, a lot of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological destruction, entirely congested cities, water pollution, air contamination, social discontent and joblessness" were resolved through new technologies. The post has been criticized as depicting an utopia at the price of a loss of privacy. In reaction, Auken said that it was meant to "start a discussion about a few of the benefits and drawbacks of the present technological advancement." While the "interest in 4th Industrial Revolution technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were using artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel went over how expert system (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger effect than the Internet." Throughout 2020, the Great Reset Discussions led to multi-year tasks, such as the digital transformation programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital transformations". Their report stated that, while "digital ecosystems will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.