Through electrical power, the second industrial mass production was introduced. Electronics and details innovations automated the production process in the 3rd industrial transformation. In the fourth industrial revolution the lines in between "physical, digital and biological spheres" have actually become blurred and this existing revolution, which began with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This fusion of technologies consisted of "fields such as expert system, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Just before the 2016 annual WEF meeting 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, submitted a post that was later released by envisioning how technology might enhance our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this fusion of innovations.

Since everything was free, including clean energy, there was no need to own products or property. Check out this site In her pictured situation, a lot of the crises of the early 21st century "way of life illness, environment change, the refugee crisis, ecological deterioration, completely crowded cities, water contamination, air pollution, social unrest and unemployment" were fixed through new technologies. The post has been slammed as portraying an utopia at the cost of a loss of personal privacy. In action, Auken said that it was planned to "begin a discussion about some of the benefits and drawbacks of the present technological advancement." While the "interest in 4th Industrial Transformation technologies" had actually "spiked" during the COVID-19 pandemic, less than 9% of companies were utilizing machine knowing, robotics, touch screens and other advanced technologies.

On January 28, 2021 Davos Program virtual panel went over how expert system (AI) will "basically change the world". 63% of CEOs think that "AI will have a larger effect than the Web." Throughout 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital improvement programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital changes". Their report said that, while "digital environments will represent more than $60 trillion in revenue by Visit this site 2025", "just 9% of executives [in July 2020] say their leaders have the best digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.