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Web3.0 : Weaving the Semantic Web
While most companies haven’t even begun to come to grips with Web 2.0 and its corporate equivalent called Enterprise 2.0, people are beginning to talk about the next generation of web-based technologies, Web 3.0.
Web 3.0 is beginning to align around something called the Semantic Web. This is an idea that was first proposed by Tim Berners-Lee back in 2001 in a Scientific American article. The differentiator of Web 3.0 is that web content can presented in a way that will easily allow software agents to easily find data, read and understand it, and then be able to share and aggregate it.
Web 1.0 was a world of read-only web pages. Web 2.0 created a read-write world of greater collaboration. And Web 3.0’s world will be one of read-write-execute where software applications and agents play an important role.
Central to the Semantic Web are tags that can be applied to data at a very fine-detailed level. Next-generation search engines will be able to interpret the tags and perform highly accurate data searches. Web 2.0 emphasized a grass-roots populist approach to tagging, but Web 3.0 is based on a more structured approach where tags provide detailed context to the information. Companies like Adobe, Google, Oracle and Hewlett-Packard are investigating the possibilities of the technology.
Business Week cites a report by Mills Davis, founder of the consulting firm Project10X, that finds that Semantic Web technologies could surge to more than $50 billion in 2010 from just $2.2 billion in 2006.
Sramana Mitra proposed the following formula for Web 3.0:
Web 3.0 = 4C [content, commerce, community, context] + P [personalization] + VS [vertical search].
