Through electrical power, the 2nd commercial mass production was presented. Electronic devices and infotech automated the production process in the 3rd industrial transformation. In the fourth commercial revolution the lines between "physical, digital and biological spheres" have become blurred and this present revolution, which started with the digital transformation in the mid-1900s, is "characterized by a combination of technologies." This fusion of technologies consisted of "fields such as artificial intelligence, robotics, the Internet of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF conference of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, uploaded an article that was later released by picturing how innovation could improve our lives by 2030 if the United Nations sustainable advancement goals (SDG) were realized through this blend of innovations.
Given that everything was free, consisting of clean energy, there was no need to own products or genuine estate. In her pictured scenario, many of the crises of the early 21st century "lifestyle illness, climate change, the refugee crisis, ecological destruction, entirely crowded cities, water pollution, air pollution, social unrest and unemployment" were solved through brand-new innovations. The post has been criticized as depicting a paradise at the price of a loss of personal privacy. In reaction, Auken said that it was planned to "begin a discussion about a few of the pros and cons of the present technological development." While the "interest in Fourth Industrial Revolution technologies" had "increased" during the COVID-19 pandemic, fewer than 9% of companies were using artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Agenda virtual panel discussed how artificial intelligence (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a bigger effect than the Web." Throughout 2020, the Great Reset Dialogues resulted in multi-year tasks, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] say their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.
