Through electrical power, the 2nd commercial mass production was presented. Electronic devices and infotech automated the production process in the third commercial revolution. In the 4th commercial revolution the lines in between "physical, digital and biological spheres" have ended up being blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "characterized by a blend of innovations." This blend of innovations consisted of "fields such as artificial intelligence, robotics, the Internet of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF conference 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 released by envisioning how innovation might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this blend of technologies.
Considering that whatever was totally free, consisting of clean energy, there was no requirement to own products or realty. In her pictured situation, many of the crises of the early 21st century "lifestyle illness, environment change, the refugee crisis, environmental deterioration, completely congested cities, water pollution, air contamination, social unrest and unemployment" were resolved through new innovations. The article has been slammed as representing an utopia at the cost of a loss of privacy. In response, Auken stated that it was planned to "start a conversation about some of the benefits and drawbacks of the existing technological advancement." While the "interest in 4th Industrial Transformation innovations" had "increased" during the COVID-19 pandemic, less than 9% of companies were using artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "basically change the world". 63% of CEOs think that "AI will have a bigger impact than the Web." During 2020, the Great Reset Discussions led to multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "accelerated digital changes". Their report stated that, while "digital ecosystems will represent more than $60 trillion in income by 2025", "just 9% of executives [in July 2020] state their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.