Digitalisation and Intellectual Property in the time of COVID-19
KAIST IP Minor
날짜 2021.01.22
조회수 250
Prior to the COVID-19 pandemic, the speed of change had already been expected to be significant. The rollout of 5G, AI and big data was predicted to bring about more disruptive change in the next five years than any technology had done in the past 30. With over 60% of global GDP expected to be digitised by 2022, an estimated 70% of new value created in the coming decade is forecast to be based on digitally-enabled platforms. COVID-19 has accelerated that process beyond the most ambitious predictions. It has, by one estimate, compressed five years of progress within the space of three months. Lockdowns across the world have propelled our social interaction and cultural consumption almost entirely into the digital sphere. Digital businesses like e-commerce, fintech, online working and entertainment platforms, have benefitted during this period. Technology firms have seen their value skyrocket; Zoom, the remote working platform, for example, saw its share price more than double in the period January to May, and both Zoom and Slack together have added US$50 billion to their market capitalisation this year. (the rest if omitted)
