Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and details technologies automated the production process in the third industrial transformation. In the fourth industrial transformation the lines in between "physical, digital and biological spheres" have ended up being blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "identified by a blend of innovations." This fusion of innovations consisted of "fields such as expert system, robotics, the Internet of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, published a blog post that was later on published by imagining how innovation could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this fusion of innovations.
Since everything was totally free, consisting of clean energy, there was no requirement to own products or property. In her envisioned situation, a lot of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, ecological deterioration, entirely congested cities, water contamination, air contamination, social discontent and joblessness" were fixed through new innovations. The short article has been slammed as representing an utopia at the price of a loss of personal privacy. In response, Auken stated that it was planned to "begin a conversation about a few of the pros and cons of the current technological development." While the "interest in Fourth Industrial Revolution innovations" had actually "surged" throughout the COVID-19 pandemic, less than 9% of companies were utilizing machine learning, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel talked about how artificial intelligence (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a bigger effect than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year jobs, such as the digital change program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report stated that, while "digital ecosystems will represent more than $60 trillion in earnings by 2025", "only 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.