Through electrical power, the second commercial mass production was introduced. Electronic devices and infotech automated the production procedure in the third commercial revolution. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this current transformation, which began with the digital revolution in the mid-1900s, is "identified by a blend of technologies." This fusion of innovations included "fields such as synthetic intelligence, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual WEF meeting 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 a post that was later published by thinking of how innovation could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this fusion of technologies.
Considering that everything was complimentary, consisting of clean energy, there was no requirement to own products or property. In her thought of situation, a number of the crises of the early 21st century "lifestyle illness, climate modification, the refugee crisis, environmental deterioration, totally crowded cities, water pollution, air contamination, social unrest and joblessness" were resolved through new technologies. The 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 "begin a conversation about some of the pros and cons of the existing technological development." While the "interest in 4th Industrial Revolution innovations" had actually "surged" throughout the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "fundamentally alter the world". 63% of CEOs think that "AI will have a larger effect than the Internet." Throughout 2020, the Great Reset Dialogues resulted in multi-year tasks, such as the digital change programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital improvements". Their report said that, while "digital environments will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.