Through electrical power, the second industrial mass production was introduced. Electronics and infotech automated the production process in the third industrial revolution. In the fourth industrial transformation the lines in between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital transformation in the mid-1900s, is "defined by a combination of technologies." This combination of technologies included "fields such as expert system, robotics, the Internet of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Prior to the 2016 yearly WEF conference of the Global Future Councils, Ida Aukena Danish MP, who was likewise a young global leader and a member of the Council on Cities and Urbanization, uploaded an article that was later on released by envisioning how technology could improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were understood through this fusion of technologies.
Since whatever was free, including tidy energy, there was no need to own items or genuine estate. In her envisioned scenario, many of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological degradation, entirely crowded cities, water pollution, air contamination, social unrest and joblessness" were fixed through new innovations. The article has actually been slammed as depicting an utopia at the cost of a loss of privacy. In response, Auken stated that it was planned to "begin a discussion about some of the advantages and disadvantages of the existing technological advancement." While the "interest in 4th Industrial Transformation innovations" had actually "spiked" throughout the COVID-19 pandemic, less than 9% of companies were utilizing artificial intelligence, robotics, touch screens and other advanced innovations.
On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "essentially alter the world". 63% of CEOs believe that "AI will have a bigger effect than the Web." Throughout 2020, the Great Reset Discussions led to multi-year tasks, such as the digital improvement program where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital improvements". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the best digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.