Through electrical power, the 2nd commercial mass production was presented. Electronics and information innovations automated the production process in the 3rd industrial revolution. In the 4th industrial transformation the lines in between "physical, digital and biological spheres" have become blurred and this current transformation, which started with the digital revolution in the mid-1900s, is "defined by a fusion of innovations." This blend of innovations included "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." Right before the 2016 yearly WEF conference of the Global Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, published an article that was later released by envisioning how innovation might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this combination of technologies.
Because whatever was free, including clean energy, there was no need to own products or real estate. In her thought of scenario, a lot of the crises of the early 21st century "lifestyle illness, climate change, the refugee crisis, ecological degradation, completely crowded cities, water pollution, air contamination, social unrest and unemployment" were resolved through new technologies. The short article has actually been criticized as portraying a paradise at the cost of a loss of personal privacy. In action, Auken stated that it was planned to "start a conversation about some of the pros and cons of the current technological advancement." While the "interest in Fourth Industrial Transformation innovations" had "increased" during the COVID-19 pandemic, less than 9% of business were utilizing machine knowing, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "basically change the world". 63% of CEOs believe that "AI will have a larger impact than the Web." Throughout 2020, the Great Reset Discussions led to multi-year jobs, such as the digital improvement programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report said that, while "digital communities will represent more than $60 trillion in income by 2025", "just 9% of executives [in July 2020] say their leaders have the best digital skills". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.