Through electrical power, the 2nd commercial mass production was introduced. Electronics and infotech automated the production process in the 3rd industrial revolution. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this current revolution, which started with the digital revolution in the mid-1900s, is "defined by a blend of innovations." This fusion of innovations included "fields such as artificial intelligence, robotics, the Internet of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just before the 2016 annual WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, published an article that was later on published by envisioning how technology might enhance our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this combination of technologies.
Because whatever was totally free, including clean energy, there was no need to own items or realty. In her envisioned scenario, a lot of the crises of the early 21st century "way of life illness, climate modification, the refugee crisis, ecological deterioration, totally crowded cities, water pollution, air contamination, social unrest and unemployment" were solved through brand-new technologies. The article has been slammed as representing an utopia at the price of a loss of privacy. In response, Auken stated that it was meant to "start a conversation about some of the benefits and drawbacks of the existing technological development." While the "interest in Fourth Industrial Transformation technologies" had actually "spiked" throughout the COVID-19 pandemic, fewer than 9% of companies were using machine learning, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Program virtual panel talked about how synthetic intelligence (AI) will "essentially change the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." Throughout 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital improvement programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report stated that, while "digital communities will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] say their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.