Through electrical power, the second industrial mass production was presented. Electronics and info technologies automated the production process in the third industrial transformation. In the 4th commercial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this present revolution, which started with the digital transformation in the mid-1900s, is "identified by a blend of innovations." This fusion of innovations consisted of "fields such as expert system, robotics, the Web of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 annual WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later on released by imagining how technology might enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were understood through this blend of technologies.
Considering that everything was complimentary, including clean energy, there was no requirement to own products or realty. In her imagined scenario, many of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological degradation, entirely congested cities, water contamination, air contamination, social unrest and joblessness" were solved through new technologies. The post has been slammed as representing an utopia at the rate of a loss of personal privacy. In reaction, Auken stated that it was meant to "begin a conversation about a few of the pros and cons of the existing technological advancement." While the "interest in Fourth Industrial Revolution technologies" had actually "surged" throughout the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Agenda virtual panel went over how expert system (AI) will "fundamentally alter the world". 63% of CEOs think that "AI will have a larger impact than the Internet." Throughout 2020, the Great Reset Discussions resulted in multi-year tasks, such as the digital improvement programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report said that, while "digital communities will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] state their leaders have the right digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.