Through electrical power, the 2nd industrial mass production was presented. Electronic devices and information innovations automated the production process in the 3rd commercial revolution. In the 4th industrial transformation the lines in between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "defined by a fusion of technologies." This combination of innovations included "fields such as expert system, robotics, the Web of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 annual WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was likewise a young worldwide leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later on published by imagining how technology could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this combination of technologies.
Since everything was totally free, including clean energy, there was no need to own products or genuine estate. In her envisioned scenario, a number of the crises of the early 21st century "way of life illness, environment modification, the refugee crisis, environmental degradation, entirely crowded cities, water pollution, air pollution, social unrest and unemployment" were fixed through new technologies. The article has actually been slammed as representing a paradise at the price of a loss of personal privacy. In action, Auken said that it was planned to "start a conversation about a few of the advantages and disadvantages of the existing technological development." While the "interest in 4th Industrial Revolution technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of business were using artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "essentially alter the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." Throughout 2020, the Great Reset Discussions led to multi-year tasks, 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 ecosystems will represent more than $60 trillion in revenue by 2025", "just 9% of executives [in July 2020] state their leaders have the ideal digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.