Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and details technologies automated the production procedure in the third commercial transformation. In the fourth industrial transformation the lines between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital revolution in the mid-1900s, is "identified by a fusion of technologies." This blend of technologies consisted of "fields such as synthetic intelligence, robotics, the Internet of Things, autonomous lorries, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Just prior to the 2016 annual WEF conference of the Worldwide 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 post that was later on released by envisioning how innovation could enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this blend of innovations.
Given that whatever was free, including clean energy, there was no requirement to own items or real estate. In her pictured circumstance, a number of the crises of the early 21st century "lifestyle diseases, climate modification, the refugee crisis, environmental destruction, entirely crowded cities, water pollution, air pollution, social discontent and unemployment" were dealt with through brand-new technologies. The post has actually been slammed as representing an utopia at the rate of a loss of personal privacy. In reaction, Auken said that it was planned to "start a conversation about some of the advantages and disadvantages of the current technological development." While the "interest in 4th Industrial Transformation technologies" had actually "spiked" throughout the COVID-19 pandemic, fewer than 9% of companies were using artificial intelligence, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Program virtual panel went over how artificial intelligence (AI) will "fundamentally alter the world". 63% of CEOs think that "AI will have a bigger impact than the Web." During 2020, the Great Reset Discussions led to multi-year tasks, such as the digital transformation programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "accelerated digital improvements". Their report stated that, while "digital ecosystems will represent more than $60 trillion in income by 2025", "just 9% of executives [in July 2020] say their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.