Through electrical power, the second industrial mass production was presented. Electronics and info technologies automated the production procedure in the third industrial revolution. In the 4th industrial revolution the lines between "physical, digital and biological spheres" have actually become blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "identified by a blend of technologies." This blend of technologies included "fields such as synthetic intelligence, robotics, the Web of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 yearly 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, uploaded a post that was later released by picturing how technology could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were understood through this fusion of technologies.
Since whatever was totally free, including clean energy, there was no need to own products or realty. In her envisioned circumstance, a number of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, ecological destruction, completely congested cities, water pollution, air pollution, social discontent and unemployment" were solved through brand-new innovations. The article has been criticized as portraying an utopia at the cost of a loss of personal privacy. In response, Auken stated that it was intended to "begin a conversation about a few of the benefits and drawbacks of the current technological advancement." While the "interest in Fourth Industrial Revolution innovations" had "increased" during the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Dialogues resulted in multi-year tasks, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report said that, while "digital environments 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". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.