Through electrical power, the second industrial mass production was introduced. Electronics and information technologies automated the production procedure in the 3rd industrial revolution. In the 4th commercial revolution the lines between "physical, digital and biological spheres" have become blurred and this current revolution, which began with the digital revolution in the mid-1900s, is "identified by a blend of innovations." This fusion of innovations consisted of "fields such as expert system, robotics, the Web of Things, self-governing vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 yearly WEF conference of the Global Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, published a post that was later released by thinking of how innovation might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this blend of technologies.
Since whatever was free, consisting of clean energy, there was no need to own products or property. In her imagined situation, a lot of the crises of the early 21st century "way of life illness, environment modification, the refugee crisis, environmental destruction, completely congested cities, water contamination, air pollution, social unrest and unemployment" were dealt with through brand-new innovations. The article has actually been slammed as representing an utopia at the cost of a loss of privacy. In response, Auken said that it was planned to "begin a conversation about some of the advantages and disadvantages of the current technological advancement." While the "interest in Fourth Industrial Revolution technologies" had actually "spiked" throughout the COVID-19 pandemic, fewer than 9% of companies were using device learning, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Program virtual panel discussed how synthetic intelligence (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a bigger effect than the Web." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital changes". Their report said that, while "digital ecosystems will represent more than $60 trillion in revenue by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.