Through electrical power, the second industrial mass production was presented. Electronics and information innovations automated the production procedure in the third commercial revolution. In the fourth industrial transformation the lines in 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 fusion of innovations." This combination of technologies consisted of "fields such as artificial intelligence, robotics, the Internet of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF conference of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later released by envisioning how technology could enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this combination of technologies.
Because everything was complimentary, including tidy energy, there was no requirement to own products or real estate. In her envisioned situation, a number of the crises of the early 21st century "way of life diseases, environment modification, the refugee crisis, environmental degradation, totally crowded cities, water pollution, air contamination, social unrest and unemployment" were fixed through brand-new innovations. The post has actually been criticized as depicting a paradise at the cost of a loss of privacy. In response, Auken stated that it was intended to "start a discussion about a few of the benefits and drawbacks of the current technological development." While the "interest in 4th Industrial Revolution technologies" had actually "increased" throughout the COVID-19 pandemic, less than 9% of business were using machine learning, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how artificial intelligence (AI) will "essentially alter 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 tasks, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in income by 2025", "just 9% of executives [in July 2020] say their leaders have the ideal digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.