Through electrical power, the 2nd industrial mass production was presented. Electronic devices and information technologies automated the production process in the third commercial transformation. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have become blurred and this existing transformation, which started with the digital revolution in the mid-1900s, is "characterized by a combination of technologies." This combination of technologies included "fields such as expert system, robotics, the Web of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later released by imagining how technology might enhance our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this combination of technologies.
Because whatever was totally free, including tidy energy, there was no need to own products or realty. In her imagined scenario, a number of the crises of the early 21st century "lifestyle illness, environment modification, the refugee crisis, ecological deterioration, completely congested cities, water contamination, air pollution, social unrest and joblessness" were dealt with through brand-new technologies. The post has actually been criticized as depicting a paradise at the cost of a loss of personal privacy. In action, Auken said that it was planned to "begin a discussion about some of the advantages and disadvantages of the current technological development." While the "interest in 4th Industrial Transformation technologies" had actually "spiked" during the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how artificial intelligence (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Internet." Throughout 2020, the Great Reset Discussions resulted in multi-year tasks, such as the digital transformation programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report said that, while "digital communities will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] state their leaders have the ideal digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
