Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and infotech automated the production procedure in the 3rd industrial transformation. In the 4th industrial revolution the lines in between "physical, digital and biological spheres" have ended up being blurred and this existing transformation, which began with the digital transformation in the mid-1900s, is "identified by a blend of innovations." This combination of technologies included "fields such as expert system, robotics, the Internet of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual WEF conference 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, uploaded a blog post that was later on published by imagining how technology could improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this fusion of technologies.
Given that everything was totally free, including clean energy, there was no requirement to own items or property. In her imagined situation, a number of the crises of the early 21st century "lifestyle diseases, climate modification, the refugee crisis, ecological degradation, totally crowded cities, water contamination, air pollution, social unrest and unemployment" were resolved through new technologies. The short article has actually been criticized as portraying an utopia at the cost of a loss of privacy. In reaction, Auken stated that it was meant to "begin a conversation about a few of the benefits and drawbacks of the present technological development." While the "interest in Fourth Industrial Transformation innovations" had actually "increased" during the COVID-19 pandemic, less than 9% of companies were utilizing device knowing, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel discussed how artificial intelligence (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 Discussions led to multi-year projects, such as the digital improvement program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". 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 best digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.