Through electrical power, the 2nd commercial mass production was introduced. Electronics and information technologies automated the production process in the 3rd commercial revolution. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this existing transformation, which began with the digital transformation in the mid-1900s, is "characterized by a combination of innovations." This fusion of technologies included "fields such as artificial intelligence, robotics, the Internet of Things, self-governing cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities Additional reading and Urbanization, submitted a post that was later on published by picturing how technology could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this fusion of technologies.
Because whatever was complimentary, including tidy energy, there was no requirement to own products or property. In her thought of situation, a lot of the crises of the early 21st century "lifestyle diseases, climate change, the refugee crisis, ecological deterioration, entirely congested cities, water contamination, air pollution, social discontent and joblessness" were resolved through new technologies. The post has been criticized as representing an utopia at the price of a loss of privacy. In action, Auken said that it was planned to "start a conversation about some of the benefits and drawbacks of the present technological development." While the "interest in Fourth Industrial Transformation technologies" had actually "increased" throughout the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other advanced technologies.
On January 28, 2021 Davos Agenda virtual panel talked about how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a bigger effect than the Internet." During 2020, the Great Reset Discussions led to multi-year jobs, such as the digital improvement programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report stated that, while "digital communities will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.