Through electrical power, the second commercial mass production was introduced. Electronic devices and details technologies automated the production process in the third industrial revolution. In the fourth industrial revolution the lines in between "physical, digital and biological spheres" have ended up being blurred and this present transformation, which started with the digital revolution in the mid-1900s, is "identified by a combination of innovations." This combination of technologies included "fields such as expert system, robotics, the Internet of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF conference of the International Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later on released by thinking of how technology might enhance our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this blend of technologies.
Because everything was totally free, including tidy energy, there was no requirement to own products or genuine estate. In her envisioned situation, a number of the crises of the early 21st century "lifestyle diseases, environment modification, the refugee crisis, ecological deterioration, totally congested cities, water contamination, air contamination, social unrest and unemployment" were dealt with through new technologies. 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 discussion about some of the advantages and disadvantages of the current technological development." While the "interest in Fourth Industrial Transformation technologies" had "surged" during the COVID-19 pandemic, fewer than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how synthetic intelligence (AI) will "essentially alter the world". 63% of CEOs think that "AI will have a larger effect than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year tasks, such as the digital improvement 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 income by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.