Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and info technologies automated the production process in the third commercial transformation. In the fourth commercial transformation the lines between "physical, digital and biological spheres" have become blurred and this present revolution, which started with the digital revolution in the mid-1900s, is "characterized by a blend of technologies." This blend of innovations consisted of "fields such as expert system, robotics, the Internet of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Simply before the 2016 yearly WEF meeting of the Worldwide 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 post that was later on published by envisioning how innovation could enhance our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this combination of innovations.
Considering that whatever was complimentary, consisting of tidy energy, there was no need to own products or genuine estate. In her pictured scenario, much of the crises of the early 21st century "lifestyle diseases, environment modification, the refugee crisis, ecological deterioration, totally congested cities, water pollution, air contamination, social discontent and unemployment" were fixed through new innovations. The post has been criticized as representing a paradise at the rate of a loss of personal privacy. In response, Auken stated that it was meant to "begin a discussion about some of the pros and cons of the existing technological development." While the "interest in 4th Industrial Revolution innovations" had actually "surged" throughout the COVID-19 pandemic, less than 9% of companies were utilizing machine knowing, robotics, touch screens and other innovative technologies.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a larger impact than the Web." Throughout 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital change program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital changes". Their report stated that, while "digital ecosystems will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] say their leaders have the right digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.