Through electrical power, the 2nd industrial mass production was presented. Electronics and infotech automated the production process in the third commercial revolution. In the 4th industrial revolution the lines between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "identified by a blend of innovations." This blend of technologies included "fields such as artificial intelligence, robotics, the Web of Things, self-governing vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just before 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 a blog post that was later on released by thinking of how technology could improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were realized through this fusion of innovations.
Given that whatever was free, including clean energy, there was no requirement to own products or property. In her imagined situation, much of the crises of the early 21st century "way of life illness, climate modification, the refugee crisis, environmental destruction, totally congested cities, water pollution, air contamination, social discontent and unemployment" were fixed through new technologies. The post has been slammed as portraying an utopia at the rate of a loss of privacy. In reaction, Auken stated that it was intended to "start a conversation about a few of the advantages and disadvantages of the existing technological advancement." While the "interest in Fourth Industrial Transformation innovations" had "surged" throughout the COVID-19 pandemic, fewer than 9% of business were using artificial intelligence, robotics, touch screens and other innovative technologies.
On January 28, website 2021 Davos Agenda virtual panel went over how synthetic intelligence (AI) will "essentially change the world". 63% of CEOs believe that "AI will have a larger effect than the Internet." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital improvement programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "sped up digital improvements". Their report stated that, while "digital communities will represent more than $60 trillion in revenue by 2025", "just 9% of executives [in July 2020] state their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.