Through electrical power, the second commercial mass production was introduced. Electronics and information innovations automated the production process in the third industrial revolution. In the 4th commercial revolution the lines between "physical, digital and biological spheres" have actually become blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "defined by a blend of technologies." This blend of innovations included "fields such as expert system, robotics, the Internet of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young international leader and a member of the Council on Cities and Urbanization, uploaded a blog site post that was later released by thinking of how innovation might enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this fusion of technologies.
Considering that whatever was complimentary, including clean energy, there was no need to own items or real estate. In her pictured circumstance, much of the crises of the early 21st century "lifestyle diseases, climate modification, the refugee crisis, ecological deterioration, completely congested cities, water contamination, air contamination, social unrest and joblessness" were resolved through brand-new innovations. The post has been criticized as portraying 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 Fourth Industrial Transformation innovations" had actually "surged" throughout the COVID-19 pandemic, less than 9% of business were utilizing artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "essentially alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Internet." Throughout 2020, the Great Reset Dialogues resulted in multi-year projects, such as the digital improvement programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report stated that, while "digital environments will represent more than $60 trillion in income by 2025", "only 9% of executives [in July 2020] state their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.