Through electrical power, the 2nd commercial mass production was introduced. Electronics and infotech automated the production procedure in the third commercial transformation. In the 4th commercial transformation the lines in between "physical, digital and biological spheres" have become blurred and this present transformation, which started with the digital revolution in the mid-1900s, is "characterized by a fusion of innovations." This fusion of innovations consisted of "fields such as expert system, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young worldwide leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later published by thinking of how technology might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were understood through this combination of innovations.
Considering that whatever was totally free, consisting of tidy energy, there was no need to own products or real estate. In her thought of circumstance, many of the crises of the early 21st century "lifestyle illness, environment modification, the refugee crisis, ecological degradation, totally congested cities, water contamination, air contamination, social unrest and unemployment" were dealt with through new technologies. The short article has been criticized as portraying an utopia at the cost of a loss of personal privacy. In response, Auken stated that it was meant to "start a conversation about some of the pros and cons of the current technological advancement." While the "interest in Fourth Industrial Revolution technologies" had "increased" during the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "essentially alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report said that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.