Through electrical power, the 2nd industrial mass production was introduced. Electronics and info innovations automated the production process in the 3rd commercial revolution. In the fourth industrial revolution the lines in between "physical, digital and biological spheres" have become blurred and this current transformation, which started with the digital revolution in the mid-1900s, is "defined by a combination of technologies." This fusion 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 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 Continue reading Urbanization, uploaded a blog post that was later published by envisioning how innovation might enhance our lives by 2030 if the United Nations sustainable development objectives (SDG) were recognized through this fusion of technologies.

Because everything was free, including clean energy, there was no here need to own products or realty. In her thought of scenario, a lot of the crises of the early 21st century "lifestyle diseases, environment change, the refugee crisis, environmental degradation, totally crowded cities, water pollution, air contamination, social unrest and unemployment" were dealt with through brand-new innovations. The article has actually been criticized as representing an utopia at the cost of a loss of privacy. In reaction, Auken stated that it was intended to "start a discussion about a few of the pros and cons of the existing technological development." While the "interest in Fourth Industrial Revolution technologies" had "increased" during the COVID-19 pandemic, fewer than 9% of business were using maker learning, robotics, touch screens and other innovative innovations.

On January 28, 2021 Davos Program virtual panel discussed how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a larger effect than the Web." During 2020, the Great Reset Discussions resulted in multi-year projects, such as the digital change programme where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report stated that, while "digital environments will represent more than $60 trillion in earnings by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.