Through electrical power, the 2nd commercial mass production was presented. Electronic devices and info technologies automated the production procedure in the 3rd industrial revolution. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have actually become blurred and this present revolution, which started with the digital transformation in the mid-1900s, is "defined by a blend of innovations." This blend of innovations consisted of "fields such as expert system, robotics, the Web of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just prior to the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was likewise a young international leader and a member of the Council on Cities and Urbanization, uploaded an article that was later released by imagining how technology could enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this blend of innovations.
Since whatever was complimentary, including clean energy, there was no requirement to own products or property. In her pictured situation, a number of the crises of the early 21st century "way of life illness, climate change, the refugee crisis, ecological deterioration, totally congested cities, water contamination, air pollution, social discontent and joblessness" were fixed through new innovations. The post has been slammed as depicting a paradise at the rate of a loss of personal privacy. In reaction, Auken said that it was planned to "start a conversation about a few of the pros and cons of the current technological development." While the "interest in 4th Industrial Revolution innovations" had "surged" during the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel went over how artificial intelligence (AI) will "fundamentally change 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 projects, such as the digital change program where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.