Significant changes took place throughout the world in the 20th century. This period was the most productive in relation to the process of implementing many scientific discoveries that were made as far back as the 19th century. The achieved results provided a technological breakthrough in many sectors of the world economy. Significant development of the economy and the processes of production of goods and services were also ensured. Statistics show that in one working day the world economy produces a volume of goods and services equivalent to the volume of their production at the beginning of the 20th century. The planet's population is growing at a faster pace, while until 1970 the world population grew by hyperbole, but since 1990, there has been a slowdown in growth. At the moment, the world population is about 7 billion people. According to various researchers, the population will increase by 2100 and amount to 11.2 billion people. A significant increase in population and industry is already exerting significant pressure on the biosphere of the planet, while the amount of animal matter in the biosphere in accordance with the law of V. Vernadsky constantly, therefore, the significant dominance of one kind of "man" over another can lead to significant changes in the life of the entire planet. Such changes can have a catastrophic effect on the entire dominant species, leading to its mass extinction. Therefore, it is relevant to change the current paradigm of economic development of society to a new one, balanced and taking into account social and environmental aspects. Changing the existing paradigm and focus of innovative processes will ensure the sustainable development of human society in the future.