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Through electrical power, the second commercial mass production was presented. Electronics and info technologies automated the production procedure in the third industrial revolution. In the 4th industrial transformation the lines between "physical, digital and biological spheres" have ended up being blurred and this current transformation, which started with the digital revolution in the mid-1900s, is "characterized by a fusion of innovations." This blend of innovations included "fields such as expert system, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 annual WEF meeting of the International Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, published a blog post that was later published by thinking of how technology might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this combination of innovations.

Because whatever was free, including tidy energy, there was no requirement to own products or realty. In her pictured circumstance, numerous of the crises of the early 21st century "way of life diseases, climate modification, the refugee crisis, environmental destruction, entirely crowded cities, water contamination, air pollution, social unrest and unemployment" were solved through new innovations. The short article has been slammed as portraying an utopia at the cost of a loss of personal privacy. In action, Auken stated that it was planned to "start a discussion about a few of the pros and cons of the present technological advancement." While the "interest in Fourth Industrial Revolution technologies" had "surged" during the COVID-19 pandemic, less than 9% of companies were using device knowing, robotics, touch screens and other sophisticated innovations.

On January 28, 2021 Davos Agenda virtual panel went over how expert system (AI) will "fundamentally change the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." the great reset During 2020, the Great Reset Dialogues resulted in multi-year tasks, such as the digital improvement programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report said that, while "digital ecosystems will represent more than $60 trillion in income by 2025", "only 9% of executives [in July 2020] say their leaders have the right digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.