Through electrical power, the 2nd industrial mass production was introduced. Electronic devices 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 ended up being blurred and this current transformation, which began with the digital transformation in the mid-1900s, is "defined by a combination of innovations." This blend of technologies consisted of "fields such as artificial intelligence, robotics, the Web of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly 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, submitted a post that was later on released by imagining how innovation might improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this fusion of technologies.
Since everything was totally free, consisting of tidy energy, there was no need to own items or real estate. In her pictured situation, a number of the crises of the early 21st century "lifestyle illness, environment change, the refugee crisis, ecological degradation, completely congested cities, water pollution, air contamination, social discontent and joblessness" were resolved through new technologies. The article has actually been slammed as representing an utopia at the price of a loss of personal privacy. In response, Auken said that it was planned to "begin a discussion about a few of the advantages and disadvantages of the present technological advancement." While the "interest in Fourth Industrial Revolution technologies" had "spiked" throughout the COVID-19 pandemic, less than 9% of companies were utilizing maker knowing, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel talked about how artificial intelligence (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger impact than the Internet." During 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] say their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.