Through electrical power, the second industrial mass production was presented. Electronics and infotech automated the production process in the third commercial transformation. In the 4th commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "identified by a fusion of technologies." This blend of technologies consisted of "fields such as artificial intelligence, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Just prior to the 2016 yearly WEF meeting of the Global 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 blog site post that was later released by imagining how innovation might enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were understood through this blend of innovations.
Because everything was totally free, consisting of tidy energy, there was no requirement to own items or genuine estate. In her envisioned situation, a lot of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, environmental deterioration, totally congested cities, water pollution, air pollution, social discontent and unemployment" were dealt with through new innovations. The short article has been slammed as depicting an utopia at the cost of a loss of privacy. In response, Auken said that it was meant to "begin a discussion about a few of the benefits and drawbacks of the existing technological development." While the "interest in 4th Industrial Revolution innovations" had actually "increased" during the COVID-19 pandemic, less than 9% of business were using machine knowing, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel discussed how synthetic intelligence (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." Throughout 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital change programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "accelerated digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] state their leaders have the best digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.