Through electrical power, the second industrial mass production was presented. Electronic devices and details technologies automated the production process in the 3rd commercial revolution. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "characterized by a combination of innovations." This blend of technologies consisted of "fields such as artificial intelligence, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just before the 2016 annual WEF conference 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, uploaded a post that was later published by picturing how technology could improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this blend of technologies.
Given that whatever was complimentary, consisting of tidy energy, there was no requirement to own products or realty. In her pictured situation, a number of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, ecological degradation, totally congested cities, water contamination, air contamination, social discontent and joblessness" were solved through new innovations. The post has been criticized as depicting a paradise at the price of a loss of privacy. In reaction, Auken said that it was planned to "start a conversation about some of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Transformation innovations" had actually "spiked" during the COVID-19 pandemic, less than 9% of business were using machine knowing, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Agenda virtual panel went over how synthetic intelligence (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." During 2020, the Great Reset Dialogues led to multi-year tasks, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital improvements". 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 ideal digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.