Finally, The Internet As Intended.

The Web, version 1.0, and the forgo-profit-for-marketshare companies that inflated it past the bursting point are now distant memories. Today, a new’ish set of internet technologies and fresh philosophies on how to harness the interconnected nature of the network are gaining significant attention from consumers and venture capitalists. It’s the web, version 2.0, or Web 2.0 as it has been dubbed by many.

Online companies and services are harnessing the network effect of the web combined with syndication, micro-content, social networks, collective intelligence and open standards to change the face of interactivity both online, and offline. There will be serious implications for businesses focused on information and people.

So what is the Web 2.0? Will it make as big a splash on the future of business as its hypes predicts? What companies are poised to take advantage of the trend? And who are most vulnerable to the new upstart Web 2.0 companies and the business models of  the new web world?