Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and details technologies automated the production process in the 3rd commercial transformation. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have ended up being blurred and this existing transformation, which began with the digital transformation in the mid-1900s, is "defined by a blend of technologies." This fusion of technologies included "fields such as synthetic intelligence, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, uploaded a post that was later published by picturing how technology could enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this fusion of technologies.
Since everything was complimentary, including tidy energy, there was no need to own products or real estate. In her envisioned scenario, much of the crises of the early 21st century "way of life illness, environment change, the refugee crisis, ecological destruction, entirely crowded cities, water pollution, air contamination, social unrest and joblessness" were fixed through brand-new innovations. The short article has been slammed as depicting an utopia at the cost of a loss of privacy. In response, Auken stated that it was planned to "start a discussion about a few of the benefits and drawbacks of the current technological development." While the "interest in 4th Industrial Transformation technologies" had actually "surged" during the COVID-19 pandemic, less than 9% of business were using artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Internet." During 2020, the Great Reset Discussions led to multi-year jobs, such as the digital transformation program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.
