Through electrical power, the 2nd commercial mass production was introduced. Electronics and details innovations automated the production process in the third commercial transformation. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have become blurred and this current revolution, which began with the digital revolution in the mid-1900s, is "characterized by a fusion of innovations." This blend of innovations consisted of "fields such as synthetic intelligence, 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 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, submitted an article that was later published by envisioning how technology could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this fusion of innovations.
Given that everything was complimentary, consisting of clean energy, there was no requirement to own items or genuine estate. In her envisioned situation, numerous of the crises of the early 21st century "lifestyle illness, environment modification, the refugee crisis, environmental degradation, totally crowded cities, water contamination, air contamination, social unrest and unemployment" were fixed through brand-new technologies. The post has actually been slammed as representing an utopia at the price of a loss of privacy. In reaction, Auken said that it was intended to "begin a discussion about a few of the benefits and drawbacks of the current technological advancement." While the "interest in 4th Industrial Transformation innovations" had actually "increased" throughout the COVID-19 pandemic, fewer than 9% of business were using device knowing, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how synthetic intelligence (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger impact than the Web." During 2020, the Great Reset Dialogues resulted in multi-year projects, such as the digital change program where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital transformations". Their report stated that, while "digital communities will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] say their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.