The Information Era has caused significant economic changes. In just tw decades, a new group of tech-focused companies has risen, quickly becoming leaders in the global economy and pushing aside older industries.
Once-dominant economic giants have seen their market value drop. On the other hand, tech companies have experienced impressive growth in their market values. This change in the market shows a clear shift: intangible assets, even in traditional industries, are becoming more valuable. For many manufacturing companies, the real value now lies in their intellectual capital - like their engineers, designers, and research - not just in their production lines.
In the current digital age, knowledge and technology are vital for economic success. Tech companies are growing in influence. These companies, in many cases, have as much, if not more, influence on the international stage than some countries.
In our connected world, a company's reputation has become a crucial and valuable asset. With the internet and social media everywhere, any unethical behavior by a company can quickly become public and can significantly influence its market valuation.
In short, businesses today are not just about making money; they play a role in the global community. Their values and ethics they follow shape the story of our digital age and societal behavior. That is why at GAID, we truly believe that commercial companies should become equal stakeholders with national regulators in defining future where ICT can be a positive force for change and the progress of humanity.