Web 2.0 collaboration has successfully transformed today's Internet
The web 2.0 collaboration allowed personal computing to become universally available and affordable.
Rapid advancements in the digital media field, improvements in size and scope of network infrastructures, and the rise of giant Internet companies for connection and service created an Internet we still recognize today.
Y2K had created an updraft; we were swept up in a tide of optimism. This Internet thing seemed like it was going to last forever.
The early 90’s brought us a proliferation of interconnected tech advances that gave rise to a new medium of business.
There was a problem though, promise and wonder alone cannot fill out a bottom line.
Economic reality stepped in, and publicly traded stocks, the most successful of the start-ups who’d already "made it", with their valuations of 100, 200, and 300 times earnings came tumbling down.
So, that money, which had raced too far ahead of ideas and their implementations, retreated. And when the markets soured, so too did sentiment.
Money, as it sometimes does, overtook the dreams; it had run right past all the sensible bounds of ideas.
Soaring stock prices and risky deals in unproven fields had created a nasty bubble.
It was the Web 1.0 bubble, but at the time everyone thought it was a buying opportunity.
It was March 2000 when the tech market started tanking. Actual technology however, never retreated, So, as the money dried up, Internet capability continued to grow.
And it grew rather quietly until the shape of a Web 2.0 collaboration was recognized.
Like the Internet itself, Web 2.0 did not start with the flip of a switch, but instead it materialized with the gradual coming together of profitable web ventures, added Internet usability, and mass availability to high-speed connection.
I , for one am not uncomfortable with Google's success. In fact, while the dot-com bust was at its most bleak, the boom times of Google were just getting started.
More importantly, Google and their successful IPO mark a new age of profitability for Internet advertising.
Google is profitable. Yahoo is profitable. Microsoft’s AdCenter is coming. Ask.com might also be on the rise. These are big companies vying for a share in a profitable Internet arena.
Compare this with the original Internet boom, there was certainly competition, sizable big money competition, but it was over unproven business models that were ultimately unprofitable. But, it’s different now.
Actually the Web 2.0 collaboration is just getting started, there is a focus on making the Internet a platform for end users.
Paying bills online is no longer a novelty. Shopping for clothes and books online is commonplace.
Mobile music playing components are built around the compatibility of downloading music off the Internet and not store bought units.
MySpace is an interactive pen-pal phenomenon far beyond anything we’d have predicted only a few years ago.
Even Voice over Internet protocol (VoIP) phoning is saving phone customers money.
These are the old dreams that went up in smoke during the dot-com bust of 2000 and if you get right down to it, with web 2.0 collaboration we are really just getting started.