Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and information innovations automated the production procedure in the third commercial transformation. In the 4th commercial revolution 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 "characterized by a fusion of technologies." This blend of innovations included "fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 annual WEF conference of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, published a blog post that was later on released by thinking of how innovation might enhance our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this blend of innovations.
Considering that everything was free, including clean energy, there was no requirement to own items or genuine estate. In her envisioned situation, a lot of the crises of the early 21st century "lifestyle illness, environment modification, the refugee crisis, ecological destruction, totally crowded cities, water contamination, air pollution, social discontent and unemployment" were resolved through new innovations. The short article has been slammed as portraying an utopia at the cost of a loss of privacy. In reaction, Auken said that it was meant to "start a discussion about a few of the pros and cons of the present technological development." While the "interest in Fourth Industrial Transformation technologies" had "increased" throughout the COVID-19 pandemic, fewer than 9% of business were using artificial intelligence, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a larger effect than the Web." During 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital changes". Their report stated that, while "digital communities will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.