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September 22, 2007

A Tussle Over Semantics About Semantics

In my most recent post here at BI in Action, I attempted to wade into the often-arcane waters of Semantics. Many pundits have taken to calling the phenomenon -- whatever form it takes -- "Web 3.0," implying that things will move to a whole new level.

Now, it seems Gartner has voiced its displeasure at the term "Web 3.0," saying that new technologies such as virtual worlds and the Semantic Web do not deserve their own new label. According to Gartner analysts, speaking at a recent conference and quoted in Network World, since things such as Semantic Web and virtual worlds are “not providing the same kind of fundamental change as blogs, wikis and social networking tools,” they don't qualify as a dot-oh release.

As analyst Gene Phifer put it: “It’s not going to be another era like Web 2.0. However, there will be some very interesting innovative things coming out. If you’re in love with numbering schemes, maybe it’s Web 2.1.”

Gartner projects a 42% compound annual growth rate in the Web 2.0 market through 2011. Best of all, much of the stuff is cheap, they said. Phifer pointed out that “mashup technology might cost a few hundred thousand dollars, while blogging and wiki tools could cost a few thousand. But that’s not as expensive as acquiring and managing a traditional software infrastructure. You’re not looking at humongous investments.”

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