The Web is changing. Mighty forces are at work and a new Internet is slouching towards a monstrous liquidity event. This reborn Web is vast, huge and unimaginably significant and intense. In fact, it's a new Web - it's called Web 2.0. You may have heard some buzz words: folksonomies, mashups, social networking. You may have been to Flickr, Wondr, Del.icio.us, Orkut, or Listl (note the daringly misspelt or awkward names, to ensure a nice Google ranking - very Web 2.0).
The term Web 2.0 with its knowing nod to upgraded computer applications, garnered its current meaning following a 2004 conference hosted by O’ Reilly Media and MediaLive International on the future impact of the internet. Since then its actual definition has been debated and applied (often wrongly) to a number of internet concerns. TechCrunch’s description of Web 2.0, however, that narrows it down to the "inevitable evolution of the web from a read-mostly medium to a read-write, or two-way medium," appears to be the one closest to Tim O’ Reilly’s original vision that puts the consumer at the forefront of the next generation of the internet.
Tim O’Reilly in conversation with the BBC’s regular technology blogger, Bill Thompson, believes that in its original incarnation, the internet was a publishing channel for pushing information to the consumer. But those companies that survived and really succeeded post dotcom crash, were those that harnessed the participatory nature of online. It was these businesses, like Google, Amazon and eBay that created the foundations of Web 2.0.
O’ Reilly uses the internet’s biggest brand, Google, as an example of how the online audience’s collective intelligence and desire to get involved with the internet has contributed to the evolution of the medium. Google distinguished itself from a number of other search engines through the use of Page Rank. By looking beyond what was contained within the search results to how relevant they are for the user, Page Rank helped swell Google to the behemoth we know, love and rely upon today. Amazon, eBay, MySpace and Flickr are revolutionising the World Wide Web for the same reason, because as O’Reilly states, they "harness user input to add value."
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