Through electrical power, the second industrial mass production was introduced. Electronics and information technologies automated the production process in the 3rd industrial transformation. In the 4th industrial revolution the lines in between "physical, digital and biological spheres" have become blurred and this current transformation, which started with the digital transformation in the mid-1900s, is "identified by a combination of innovations." This blend of innovations included "fields such as synthetic intelligence, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF conference 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 an article that was later on published by envisioning how technology might improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were understood through this combination of innovations.
Because whatever was free, including clean energy, there was no need to own items or property. In her envisioned scenario, a number of the crises of the early 21st century "lifestyle illness, climate modification, the refugee crisis, ecological deterioration, entirely congested cities, water pollution, air pollution, social unrest and joblessness" were resolved through new technologies. The post has actually been criticized as depicting an utopia at the rate of a loss of privacy. In response, Auken stated that it was intended to "begin a discussion about some of the benefits and drawbacks of the current technological development." While the "interest in Fourth Industrial Revolution technologies" had actually "increased" during the COVID-19 pandemic, less than 9% of companies were using device learning, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Program virtual panel discussed how artificial intelligence (AI) will "essentially change the world". 63% of CEOs think that "AI will have a bigger effect than the Web." During 2020, the Great Reset Discussions resulted in multi-year jobs, 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 communities will represent more than $60 trillion in profits by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
