Through electrical power, the 2nd industrial mass production was introduced. Electronics and infotech automated the production process in the 3rd commercial revolution. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have actually ended up being blurred and this current revolution, which began with the digital transformation in the mid-1900s, is "defined by a combination of innovations." This fusion of innovations 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." Just prior to the 2016 annual WEF conference 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, uploaded an article that was later published by thinking of how innovation might improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this combination of technologies.
Because whatever was totally free, including clean energy, there was no requirement to own products or genuine estate. In her imagined situation, much of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, environmental degradation, completely crowded cities, water pollution, air contamination, social discontent and joblessness" were solved through new technologies. The article has been slammed as portraying a paradise at the rate of a loss of privacy. In reaction, Auken stated that it was meant to "begin a conversation about a few of the advantages and disadvantages of the existing technological advancement." While the "interest in 4th Industrial Revolution innovations" had "surged" throughout the COVID-19 pandemic, less than 9% of companies were using artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "essentially change the world". 63% of CEOs think that "AI will have a larger effect than the Internet." During 2020, the Great Reset Discussions led to multi-year jobs, such as the digital change program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital transformations". Their report stated that, while "digital communities will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.