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Through electrical power, the second commercial mass production was introduced. Electronics and information innovations automated the production process in the 3rd commercial transformation. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have ended up being blurred and this current revolution, which started with the digital transformation in the mid-1900s, is "identified by a fusion of innovations." This blend of technologies included "fields such as artificial intelligence, robotics, the Internet of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 yearly WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, published a blog site post that was later released by picturing how technology could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this combination of technologies.

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Because everything was free, including clean energy, there was no requirement to own products or realty. In her pictured scenario, many of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, environmental degradation, totally congested cities, water contamination, air contamination, social discontent and unemployment" were solved through new technologies. The post has been criticized as depicting a Find out more paradise at the cost of a loss of privacy. In reaction, Auken stated that it was meant to "begin a discussion about some of the pros and cons of the current technological advancement." While the "interest in 4th Industrial Transformation technologies" had "increased" during the COVID-19 pandemic, fewer than 9% of business were utilizing machine learning, robotics, touch screens and other sophisticated technologies.

On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) https://traviszunu883.weebly.com/blog/granby-ct-bathroom-remodeling-contractor-near-me1090661 will "basically change the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." During 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital change programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report stated that, while "digital communities will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] say their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.