Through electrical power, the second commercial mass production was presented. Electronics and info technologies automated the production procedure in the third commercial transformation. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This combination of technologies included "fields such as expert system, robotics, the Internet of Things, self-governing lorries, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 yearly WEF conference 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, published an article that was later published by thinking of how technology might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this fusion of innovations.
Given that everything was complimentary, consisting of clean energy, there was no need to own items or real estate. In her envisioned circumstance, a lot of the crises of the early 21st century "way of life illness, environment change, the refugee crisis, ecological degradation, completely congested cities, water contamination, air contamination, social discontent and unemployment" were fixed through new technologies. The article has been slammed as representing an utopia at the price of a loss of personal privacy. In reaction, Auken said that it was planned to "begin a conversation about a few of the pros and cons of the present technological advancement." While the "interest in 4th Industrial Transformation technologies" had "surged" throughout the COVID-19 pandemic, fewer than 9% of companies were utilizing maker knowing, robotics, touch screens and other sophisticated innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "fundamentally alter the world". 63% of CEOs think that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Dialogues led to multi-year jobs, such as the digital improvement program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report said that, while "digital communities will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.