Through electrical power, the second industrial mass production was introduced. Electronic devices and infotech automated the production process in the 3rd industrial transformation. In the 4th industrial transformation View website the lines in between "physical, digital and biological spheres" have become blurred and this current transformation, which started with the digital transformation in the mid-1900s, is "defined by a fusion of innovations." This fusion of innovations included "fields such as expert system, robotics, the Web of Things, autonomous cars, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing." Right before 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 Urbanization, published an article that was later on published by imagining how innovation might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were recognized through this blend of technologies.

Given that everything was complimentary, consisting of tidy energy, there was no need to own items or property. In her envisioned situation, a lot of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, ecological deterioration, completely crowded cities, water contamination, air contamination, social discontent and unemployment" were dealt with through brand-new technologies. The short Click to find out more article has been criticized as representing a paradise at the rate of a loss of personal privacy. In reaction, Auken stated that it was meant to "begin a conversation about some of the advantages and disadvantages of the existing technological advancement." While the "interest in Fourth Industrial Transformation innovations" had actually "increased" throughout the COVID-19 pandemic, fewer than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated innovations.

On January 28, 2021 Davos Program virtual panel talked about how synthetic intelligence (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 led to multi-year tasks, such as the digital improvement program where cross-industry stakeholders investigate how the 2020 "dislocative shock" had increased and "accelerated digital transformations". Their report stated that, while "digital ecosystems will represent more than $60 trillion in profits by 2025", "only 9% of executives [in July 2020] say their leaders have the ideal digital skills". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.