Through electrical power, the 2nd commercial mass production was presented. Electronics and details innovations automated the production procedure in the 3rd commercial revolution. In the fourth industrial revolution the lines between "physical, digital and biological spheres" have ended up being blurred and this present transformation, which began with the digital revolution in the mid-1900s, is "characterized by a combination of technologies." This fusion of innovations included "fields such as artificial intelligence, robotics, the Web of Things, self-governing automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Simply prior to the 2016 yearly WEF meeting of the Worldwide Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, submitted an article that was later on published by imagining how technology might improve our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through this blend of innovations.

Given that everything was complimentary, including clean energy, there was no requirement to own products or real estate. In her envisioned circumstance, a Helpful resources number of the crises of the early 21st century "way of life illness, environment modification, the refugee crisis, ecological deterioration, totally congested cities, water contamination, air pollution, social unrest and joblessness" were dealt with through brand-new technologies. The article has been slammed as depicting a paradise at the price of a loss of personal privacy. In action, Auken stated that it was planned to "start a conversation about some of the advantages and disadvantages of the current technological advancement." While the "interest in 4th Industrial Transformation innovations" had "increased" during the COVID-19 pandemic, less than 9% of companies were utilizing machine learning, robotics, touch screens and other advanced technologies.

On January 28, 2021 Davos Program virtual panel went over how expert system (AI) will "fundamentally alter the world". 63% of CEOs believe that "AI will have a larger effect than the Web." During 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 changes". Their report stated that, while "digital environments will represent more than $60 here trillion in earnings by 2025", "just 9% of executives [in July 2020] state their leaders have the ideal digital abilities". Political leaders such as Canadian Prime Minister Justin Trudeau and U.S.