Through electrical power, the second commercial mass production was introduced. Electronics and infotech automated the production procedure in the third industrial transformation. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "defined by a fusion of technologies." This combination of innovations consisted of "fields such as synthetic intelligence, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young international leader and a member of the Council on Cities and Urbanization, uploaded a post that was later on released by thinking of how innovation could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this combination of innovations.
Given that whatever was free, consisting of tidy energy, there was no requirement to own items or genuine estate. In her envisioned scenario, a number of the crises of the early 21st century "lifestyle illness, climate change, the refugee crisis, ecological degradation, completely crowded cities, water contamination, air pollution, social unrest and joblessness" were resolved through new innovations. The post has been criticized as representing an utopia at the cost of a loss of personal privacy. In action, Auken stated that it was meant to "begin a discussion about a few of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Revolution innovations" had actually "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were using device learning, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Agenda virtual panel talked about how synthetic intelligence (AI) will "basically change the world". 63% of CEOs believe that "AI will have a larger impact than the Internet." During 2020, the Great Reset Discussions led to multi-year tasks, such as the digital transformation program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually 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 ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
