We view the Internet-driven evolution of technology innovation as three distinct phases of IT infrastructure and applications driving new businesses and innovation in traditional industries. 1993-2006 was the era of Web 1.0. We define it as IT infrastructure (webware, middle-ware, servers, storage) and massively scalable architecture enabling Once-turn-on, Always-on services such as search, e-mail, chats, maps, e-commerce, online publishing & sharing. Web 1.0 further opened enterprise compute and communications (beyond client-server) and drove measurable productivity and operational efficiencies. It led to new business models that disrupted traditional industries in retail, publishing, media and travel. Consumers and businesses gained visibility to price comparisons and gained buyer power. On the flip side, it also opened personal and enterprise info to security and privacy breach.
In 2016, we are in the midst of Web 2.0. We define Web2.0 as digital business underpinned by CASM (Cloud, Analytics, Social, Mobile) and integrated with Web 1.0 era infrastructure. While Web 2.0 is accelerating further disruption of industries previously impacted by Web1.0, it is also creating new businesses, new business models, new and more intimate ways of customer engagement, new sources of revenues across all industries.
While Web 2.0 is playing out, simultaneously, we see the building blocks of Web 3.0 emerge. We define Web 3.0 as IT infrastructure and applications underpinned by CASM and further extending into biome through nano-technologies and into inanimate objects through IOT.
Web 3.0 is characterized by a massive evolution in:
- Artificial Intelligence (AI)
- Augmented Reality (AR)
- Virtual Reality (VR)
- Machine Learning (ML)
- Software-Driven Automation
- Internet of Things
- 5G Provided Pervasive Mobile Broadband
- Blockchain-Driven Cyber Security
We believe, privacy and information security will continue to be not fully solved in the Web 3.0 era. Regulators will demand more stringent requirements to safeguard their citizens, leading to massive needs for security and privacy management services.