Ever since the term “Web 2.0” was coined in 2005, it has become a buzz word and is used by both techies, marketers and everyone who wants to get a piece of the pie which is the world wide web.
Google has over 74 million instances of it. But what exactly is Web 2.0? My goal is to simplify the vast collective information about it so far. Join me as I attempt to explain it in layman’s terms and maybe you or your company can benefit from it.
Let’s start with the definition of Web 2.0. Wikipedia lists it as “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.” This was according to Tim O’Reilly’s famous September 2005 post.

More details after the jump.
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