Through electrical power, the 2nd commercial mass production was introduced. Electronic devices and infotech automated the production process in the 3rd industrial revolution. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have become blurred and this existing revolution, which started with the digital revolution in the mid-1900s, is "characterized by a blend of technologies." This blend of technologies consisted of "fields such as expert system, robotics, the Web of Things, autonomous lorries, 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, published a post that was later on published by imagining how innovation might enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were understood through this blend of innovations.
Because whatever was free, consisting of clean energy, there was no requirement to own items or genuine estate. In Additional resources her envisioned scenario, a lot of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, ecological deterioration, totally crowded cities, water pollution, air contamination, social unrest and unemployment" were solved through brand-new technologies. The post has actually been criticized as portraying an utopia at the cost of a loss of personal privacy. In response, Auken said that it was planned to "begin a discussion about some of the pros and cons of the present technological advancement." While the "interest in 4th Industrial Revolution innovations" had actually "surged" during the COVID-19 pandemic, fewer than 9% of business were using machine learning, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." During 2020, the Great Reset Discussions resulted in multi-year jobs, such as the digital transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report stated that, while "digital ecosystems will represent more than $60 trillion in revenue by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.