Through electrical power, the 2nd commercial mass production was introduced. Electronics and infotech automated the production process in the third commercial revolution. In the 4th commercial revolution the lines in between "physical, digital and biological spheres" have ended up being blurred and this present revolution, which began with the digital revolution in the mid-1900s, is "defined by a combination of innovations." This blend of innovations consisted of "fields such as synthetic intelligence, robotics, the Web of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, submitted a blog post that was later on published by picturing how technology might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this combination of innovations.
Since everything was totally free, consisting of clean energy, there was no need to own products or realty. In her envisioned circumstance, much of the crises of the early 21st century "way of life diseases, environment modification, the refugee crisis, environmental deterioration, completely crowded cities, water pollution, air pollution, social discontent and joblessness" were dealt with through new technologies. The post has been criticized as depicting an utopia at the price of a loss of personal privacy. In response, Auken said that it was meant to "begin a discussion about some of the pros and cons of the current technological development." While the "interest in 4th Industrial Revolution technologies" had "surged" throughout the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "essentially change the world". 63% of CEOs believe that "AI will have a bigger effect than the Web." During 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital change programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report stated that, while "digital ecosystems will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.