Through electrical power, the second commercial mass production was presented. Electronic devices and infotech automated the production procedure in the third industrial transformation. In the 4th industrial transformation the lines in between "physical, digital and biological spheres" have actually become blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "characterized by a combination of innovations." This fusion of technologies included "fields such as expert system, robotics, the Web of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just prior to the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, submitted an article that was later released by imagining how innovation might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this fusion of technologies.
Given that everything was free, consisting of clean energy, there was no need to own products or realty. In her envisioned situation, much of the crises of the early 21st century "way of life illness, environment modification, the refugee crisis, ecological deterioration, completely crowded cities, water pollution, air pollution, social unrest and unemployment" were solved through new technologies. The short article has actually been criticized as depicting an utopia at the price of a loss of privacy. In action, Auken stated that it was planned to "begin a discussion about some of the advantages and disadvantages of the present technological development." While the "interest in Fourth Industrial Transformation technologies" had actually "increased" throughout the Go to the website COVID-19 pandemic, fewer than 9% of business were using machine learning, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Program virtual panel discussed how synthetic intelligence (AI) will "essentially alter the world". 63% of CEOs think that "AI will have a bigger effect than the Web." Throughout 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in profits 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.
