Semantic Web as an Innovation Enabler

Abstract

We examine the role of Web2.0 and Web3.0 in enabling innovation and its effects on organizations, with examples of financial and technology enterprises. While Web1.0 plays significant roles in collaborative innovation easing professional connectivity among peers, Web2.0 facilitates open innovation to corporations. Meanwhile, Web3.0 (Semantic Web), in its infancy, is about machines talking to machines, enabling machines to understand the meaning of information on the Web making the Web more 'intelligent'. It could institutionalize Open Innovation. We examine geographic tilts in the nature of innovation; discuss our study to deploy Semantic Web in an extended enterprise and our survey results.