Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and info technologies automated the production process in the 3rd industrial revolution. In the 4th commercial revolution the lines between "physical, digital and biological spheres" have actually become blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "identified by a combination of technologies." This fusion of technologies consisted of "fields such as artificial intelligence, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, submitted a blog site post that was later released by envisioning how technology might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were recognized through this combination of technologies.
Given that everything was free, consisting of clean energy, there was no need to own products or realty. In her envisioned situation, a lot of the crises of the early 21st century "lifestyle illness, environment change, the refugee crisis, environmental degradation, totally crowded cities, water pollution, air pollution, social unrest and joblessness" were fixed through brand-new technologies. The article has been criticized as representing a paradise at the price of a loss of privacy. In response, Auken stated that it was planned to "begin a discussion about some of the pros and cons of the current technological development." While the "interest in Fourth Industrial Revolution technologies" had actually "spiked" during the COVID-19 pandemic, fewer than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Dialogues resulted in multi-year jobs, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report stated that, while "digital communities will represent more than $60 trillion in revenue 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.