Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and info technologies automated the production process in the third commercial transformation. In the fourth commercial transformation the lines in between "physical, digital and biological spheres" have actually become blurred and this present transformation, which began with the digital transformation in the mid-1900s, is "identified by a fusion of technologies." This combination of technologies included "fields such as expert system, robotics, the Web of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, published an article that was later on published by thinking of 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 free, consisting of clean energy, there was no requirement to own items or property. In her imagined scenario, a lot of the crises of the early 21st century "lifestyle illness, climate change, the refugee crisis, ecological destruction, entirely crowded cities, water pollution, air contamination, social discontent and joblessness" were fixed through brand-new innovations. The post has been slammed as representing an utopia at the price of a loss of privacy. In response, Auken said that it was meant to "start a discussion about a few of the advantages and disadvantages of the present technological development." While the "interest in 4th Industrial Transformation technologies" had "spiked" throughout the COVID-19 pandemic, fewer than 9% of business were using artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel went over how artificial intelligence (AI) will "essentially alter the world". 63% of CEOs believe that "AI will have a larger effect than the Internet." During 2020, the Great Reset Discussions resulted in multi-year tasks, such as the digital change program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in income by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
