Through electrical power, the 2nd industrial mass production was introduced. Electronic devices and infotech automated the production process in the 3rd commercial transformation. In the 4th industrial transformation the lines between "physical, digital and biological spheres" have actually ended up being website blurred and this current revolution, which started with the digital revolution in the mid-1900s, is "characterized by a combination of innovations." This combination of technologies consisted of "fields such as artificial intelligence, robotics, the Internet of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Just before the 2016 annual WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young worldwide leader and a member of the Council on Cities and Urbanization, published a post that was later on published by envisioning how innovation might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this combination of innovations.

Considering that whatever was totally free, including clean energy, there was no requirement to own items or realty. In her pictured scenario, much of the crises of the early 21st century "way of life diseases, climate change, the refugee crisis, ecological degradation, completely congested cities, water pollution, air contamination, social discontent and unemployment" were fixed through new technologies. The post has been criticized as portraying a paradise at the price of a loss of personal privacy. In response, Auken stated that it was intended to "begin a discussion about a few of the benefits and drawbacks of the present technological development." While the "interest in Fourth Industrial Transformation innovations" had actually "increased" throughout the COVID-19 pandemic, fewer than 9% of business Find out more were using device knowing, robotics, touch screens and other advanced innovations.

On January 28, 2021 Davos Agenda virtual panel talked about how artificial intelligence (AI) will "essentially change the world". 63% of CEOs believe 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 program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had actually increased and "sped up digital transformations". Their report said that, while "digital communities will represent more than $60 trillion in profits by 2025", "only 9% of executives [in July 2020] state their leaders have the ideal digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.