Through electrical power, the 2nd commercial mass production was introduced. Electronics and details innovations automated the production process in the 3rd commercial transformation. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have become blurred and this existing transformation, which began with the digital revolution in the mid-1900s, is "identified by a blend of innovations." This fusion 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." Right before the 2016 annual 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, published an article that was later on published by picturing how innovation could enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this combination of innovations.
Since everything was totally free, including tidy energy, there was no requirement to own products or property. In her envisioned situation, much of the crises of the early 21st century "lifestyle illness, climate modification, the refugee crisis, ecological deterioration, totally congested cities, water pollution, air pollution, social unrest and unemployment" were fixed through new innovations. The short article has actually been slammed as portraying a paradise at the rate of a loss of personal privacy. In reaction, Auken stated that it was meant to "start a discussion about some of the benefits and drawbacks of the present technological advancement." While the "interest in 4th Industrial Transformation technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a larger effect than the Internet." Throughout 2020, the Great Reset Dialogues resulted in multi-year projects, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital changes". Their report said that, while "digital communities will represent more than $60 trillion in revenue by 2025", "just 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.