The Internet, the global network of computers, is now far reaching into the country - extending its embrace to include every nook and cranny of the nation - opening doors to not only a diverse range of information sources but also an exhaustive list of possibilities to create new applications which add value to people's lives. In the business world, the Internet - through intranet and extranet solutions - has become an invaluable tool for companies to harness so as to (gain) a competitive edge.  
 Verb: gain
Yes