Web 2.0 is a word that was first coined by O'Reilly Media three years ago in 2004. The word is used to describe second generation web based sites like social networking sites (e.g. Myspace.com, Facebook.com), communication tools, and it also emphasizes sharing among its users. Web 2.0 could be a deceiving term since it is the second generation of websites. However, it is not the updated version of the Internet, but it does change the standards of Internet.
Web 2.0 could also refer to other things besides second-generation websites. It also refers to:
"- The transition from Websites to from isolated silos sources of content and functionality, thus becoming computing platforms serving web-applications to end-users.
- A social phenomenon embracing an approach to generating and distributing web content itself, characterized by open communication decentralization of authority, and freedom to share.
- Enhanced organization and and categorization of content, emphasizing deeplinking.
- A rise or fall in the economic value of the web, possibly surpassing the impact of the dot com boom of the late 1990s." (Wikipedia)
According to Tim O'Reilly, the founder of O'Reilly Media, "Web 2.0 is the business revolution in the computer industry caused by the move to the Internet as platform, and an attempt to understand the rules for success on that new platform."
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