Through electrical power, the 2nd commercial mass production was introduced. Electronics and infotech automated the production process in the 3rd commercial revolution. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have become blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This combination of innovations included "fields such as synthetic intelligence, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, uploaded a post that was later published by thinking of how technology might improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were recognized through this combination of innovations.
Considering that whatever was free, consisting of clean energy, there was no requirement to own items or genuine estate. In her thought of situation, a lot of the crises of the early 21st century "lifestyle diseases, climate change, the refugee crisis, environmental destruction, completely crowded cities, water pollution, air pollution, social discontent and unemployment" were solved through brand-new innovations. The article has been criticized as portraying an utopia at the rate of a loss of personal privacy. In response, Auken said that it was intended to "begin a discussion about some of the advantages and disadvantages of the present technological development." While the "interest in 4th Industrial Transformation technologies" had "surged" during the COVID-19 pandemic, fewer than 9% of business were utilizing device learning, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Program virtual panel talked about how artificial intelligence (AI) will "basically change the world". 63% of CEOs think that "AI will have a larger effect than the Web." During 2020, the Great Reset Dialogues led to multi-year projects, such as the digital change programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in Go to this website profits 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.