Through electrical power, the second industrial mass production was introduced. Electronic devices and details innovations automated the production procedure in the 3rd commercial revolution. In the 4th commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this existing transformation, which began with the digital revolution in the mid-1900s, is "defined by a fusion of innovations." This combination of technologies consisted of "fields such as expert system, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual WEF conference of the Global Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, uploaded a blog post that was later on released by imagining how technology could enhance our lives by 2030 if the United Nations sustainable development objectives (SDG) were understood through this fusion of technologies.
Since everything was totally free, including clean energy, there was no need to own products or genuine estate. In her thought of scenario, much of the crises of the early 21st century "lifestyle illness, climate change, the refugee crisis, ecological degradation, totally congested cities, water contamination, air contamination, social unrest and joblessness" were dealt with through new innovations. The short article has been slammed as depicting an utopia at the rate of a loss of personal privacy. In response, Auken said that it was meant to "begin a discussion about some of the pros and cons of the current technological advancement." While the "interest in Fourth Industrial Revolution technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were utilizing maker learning, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "fundamentally change the world". 63% of CEOs think that "AI will have a bigger effect than the Web." 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 actually increased and "sped up digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] state their leaders have the ideal digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.