Through electrical power, the second industrial mass production was introduced. Electronic devices and information technologies automated the production process in the third commercial transformation. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This fusion of innovations consisted of "fields such as expert system, robotics, the Internet of Things, self-governing vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 yearly WEF conference 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, published an article that was later released by thinking of how technology might improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this blend of innovations.
Because everything was free, consisting of clean energy, there was no requirement to own items or genuine estate. In her envisioned situation, a number of the crises of the early 21st century "lifestyle illness, climate modification, the refugee crisis, ecological degradation, completely crowded cities, water pollution, air contamination, social discontent and joblessness" were solved through new technologies. The short article has actually been slammed as portraying a paradise at the cost of a loss of personal privacy. In action, Auken stated that it was planned to "begin a discussion about a few of the pros and cons of the existing technological advancement." While the "interest in 4th Industrial Transformation technologies" had "increased" throughout the COVID-19 pandemic, less than 9% of companies were utilizing maker knowing, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "essentially change the world". 63% of CEOs think that "AI will have a larger impact than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year tasks, such as the digital improvement programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital improvements". Their report said that, while "digital environments will represent more than $60 trillion in profits by 2025", "only 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.
