Future wave of Internet innovation

Web2.0 is a set of economic, social, and technology trends that collectively form the basis for the next generation of the Internet a more mature, distinctive medium characterized by user participation, openness, and network effects. The large scale collection of user data and creation of user generated content, aggregated by Web applications, will continue and no doubt deepen as people explore new ideas. Web 2.0 based social applications such as MySpace, Flickr, and YouTube, has been forging new applications that were previously unimaginable. The scale of this will grow through the network effect as more people come online and existing users increase their use of Web services. Many enterprises are reaping significant benefits from Web2. Many IT vendors and service providers are positioning their products and services as “Web 2.0 ready” and are bringing new Web 2.0 development tools. Three characteristics of Web 2.0 include AJAX, Flex and Google Web Toolkit. Many websites are beginning to embrace these concepts, causing never-before seen accessibility issues… Views on the next stage of the Internet Innovation vary greatly. Some believe that emerging technologies such as the Semantic Web will transform the way the Web is used, and lead to new possibilities in artificial intelligence