Through electrical power, the second commercial mass production was presented. Electronics and infotech automated the production procedure in the third commercial transformation. In the 4th commercial revolution the lines between "physical, digital and biological spheres" have actually become blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "characterized by a fusion of innovations." This combination of innovations consisted of "fields such as expert system, robotics, the Internet of Things, self-governing lorries, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Right before the 2016 yearly WEF meeting of the Global Future Councils, Ida Aukena Danish MP, who was also a young global leader and a member of the Council on Cities and Urbanization, submitted an article that was later released by imagining how technology might improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were realized through this blend of innovations.
Given that whatever was complimentary, consisting of clean energy, there was no need to own products or genuine estate. In her imagined scenario, much of the crises of the early 21st century "way of life diseases, climate change, the refugee crisis, environmental deterioration, completely congested cities, water contamination, air contamination, social unrest and joblessness" were fixed through new innovations. The short article has been criticized as representing an utopia at the rate of a loss of privacy. In response, Auken stated that it was meant to "start a discussion about some of the advantages and disadvantages of the existing technological advancement." While the "interest in Fourth Industrial Transformation technologies" had "surged" during the COVID-19 pandemic, fewer than 9% of companies were using maker learning, robotics, touch screens and other innovative innovations.
On January 28, 2021 Davos Program virtual panel talked about how expert system (AI) will "essentially alter the world". 63% of CEOs think that "AI will have a larger effect than the Internet." Throughout 2020, the Great Reset Dialogues resulted in multi-year tasks, such as the digital transformation programme where cross-industry stakeholders examine how the 2020 "dislocative shock" had actually increased and "accelerated digital transformations". Their report said that, while "digital environments will represent more than $60 trillion in profits by 2025", "only 9% of executives [in July 2020] say their leaders have the best digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.