The year 2001 served as a turning point for the web with the crash of the dot-com phenomenon. With its crash however, people assumed that it had been overhyped to the extent that such a crash was imminent. However, all technologies are marred by such tremors appearing to be common in most, if not all, technological revolutions. These tremors occur at the time, when new technologies begin to take shape and their new place as the centre of a new phenomenon. This is what separates one technology from the other.
Web 2.0 emerged initially at a conference brainstorming session between O’Reilly and MediaLive International (Aguiton). Dale Dougherty, web pioneer and O’Reilly VP, observed that the dot-com crash didn’t end it there and then. There’s lots more coming up. The web could be used in an excitingly and surprisingly larger number of ways. He also observed that companies that have managed and paved their way in the worst of this collapse seemed to have some common attributes. These attributes turned out towards a call to action, and so the Web 2.0 Conference was born.
So, what is Web 2.0? The term was first coined in 2004 by Tim Reilly, major software and Internet technology publisher, who developed the definition in 2005 to describe the common characteristics of web-based start-ups that survived the 2001 dot.com bust:
“..a network as platform, spanning all connected devices; Web 2.0 applications & [are] delivering software as a continually–updated service that gets better the more people use it, consuming and remixing data from multiple sources, including individual users, while providing their own data and services in a form that allows remixing by others, creating network effects through an ‘architecture of participation,’ and & deliver rich user experiences.” (O’ Reilly)
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