Through electrical power, the 2nd industrial mass production was presented. Electronics and information technologies automated the production process in the 3rd industrial revolution. In the 4th commercial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "characterized by a blend of innovations." This blend of technologies included "fields such as expert system, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 yearly WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, submitted a blog post that was later on released by picturing how innovation might enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were understood through this blend of innovations.
Because whatever was complimentary, consisting of tidy energy, there was no need to own items or real estate. In her envisioned circumstance, numerous of the crises of the early 21st century "lifestyle illness, environment change, the refugee crisis, ecological deterioration, totally congested cities, water contamination, air contamination, social unrest and unemployment" were fixed through brand-new innovations. The article has been criticized as representing an utopia at the price of a loss of privacy. In reaction, Auken stated that it was intended to "begin a conversation about a few of the pros and cons of the current technological development." While the "interest in 4th Industrial Transformation technologies" had "increased" throughout the COVID-19 pandemic, less than 9% of companies were using device learning, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Dialogues resulted in multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital changes". Their report said that, while "digital ecosystems will represent more than $60 trillion in income by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.