Through electrical power, the 2nd commercial mass production was presented. Electronics and infotech automated the production process in the third commercial transformation. In the fourth commercial revolution the lines in between "physical, digital and biological spheres" have become blurred and this present revolution, which began with the digital revolution in the mid-1900s, is "defined by a blend of technologies." This fusion of innovations consisted of "fields such as expert system, robotics, the Web of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just prior to the 2016 yearly 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 and Urbanization, uploaded a blog site post that was later released by imagining how technology might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this fusion of technologies.
Given that everything was complimentary, consisting of clean energy, there was no requirement to own items or realty. In her imagined scenario, a lot of the crises of the early 21st century "way of life the great reset book illness, climate modification, the refugee crisis, ecological degradation, entirely congested cities, water pollution, air contamination, social discontent and unemployment" were dealt with through brand-new technologies. The article has been criticized as depicting a paradise at the price of a loss of personal privacy. In action, Auken stated that it was meant to "begin a conversation about a few of the pros and cons of the existing technological development." While the "interest in Fourth Industrial Transformation innovations" had "spiked" throughout the COVID-19 pandemic, less than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel went over how expert system (AI) will "essentially change the world". 63% of CEOs think 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 transformation program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in profits by 2025", "only 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.