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. Chief among those rules is this: Build applications that harness network effects to get better the more people use them. (This is what I've elsewhere called "harnessing collective intelligence.")
And to use a Web 2.0 medium to define itself, Wikipedia says:
The phrase Web 2.0 can refer to a perceived second generation of web-based communities and hosted services — such as social networking sites, wikis, and folksonomies — which aim to facilitate creativity, collaboration, and sharing between users.
Basically, the Internet is changing the way society interacts with each another, resulting in a redefinition of the human relationship.
Cool huh? Now I have to go post pictures on my Flickr page so I can show Prairie the cake I ate yesterday for my friend's birthday, then I'll probably check my Facebook, Myspace, Gmail, Yahoo! Mail, and school Webmail. It's going to be a busy night so I'll update more tomorrow!
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