Through electrical power, the 2nd industrial mass production was presented. Electronics and infotech automated the production procedure in the 3rd commercial revolution. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have become blurred and this existing revolution, which began with the digital revolution in the mid-1900s, is "identified by a fusion of innovations." This fusion of technologies included "fields such as expert system, robotics, the Internet of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 yearly WEF conference of the Global 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 blog post that was later on published by picturing how innovation could improve our lives by 2030 if the United Nations sustainable advancement objectives (SDG) were recognized through this blend of technologies.

Considering that everything was complimentary, consisting of clean energy, there was no need to own products or realty. In her thought of situation, numerous of the crises of the early 21st century "way of life diseases, environment change, the refugee crisis, environmental degradation, completely crowded cities, water contamination, air contamination, social unrest and unemployment" were solved through new technologies. The short article has actually been criticized as portraying a paradise at the cost of a loss of personal privacy. In reaction, Auken stated that it was intended to "begin a discussion about some of the advantages and disadvantages of the existing technological development." While the "interest in Fourth Industrial Revolution technologies" had "increased" throughout the COVID-19 pandemic, fewer than 9% of companies were using artificial intelligence, robotics, touch screens and other advanced innovations.

On January 28, 2021 Davos Program virtual panel talked about how synthetic intelligence (AI) will "basically alter 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 jobs, such as the digital change program where cross-industry Discover more here stakeholders investigate how the 2020 "dislocative shock" had increased and "sped up digital changes". Their report stated that, while "digital environments will represent more than $60 trillion in earnings the great reset 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.