Over the past fifteen years, the nature of the World Wide Web has transformed from static, individual Web pages and basic email ("Web 1.0") to the current Web ("Web 2.0") where a host of new capabilities such as social networking, wikis and instant messaging have transformed the way individuals and enterprises use the Web.

Today, "Web 3.0" technologies also known as "the Semantic Web" are gaining traction on both sides of the firewall and migrating toward the mainstream market. The Semantic Web is the World Wide Web Consortium's (W3C) vision for the next generation of the Web in which the meaning of information and services (on the Web) can be easily understood by other applications without requiring human interpretation. Semantic technologies can apply the standards developed for the Semantic Web to data within the enterprise and its supply-chains to make all enterprise information easy to find and use, based on its meaning. These technologies promise to enable a new level of data collaboration that extends the capabilities of information on the Web and in enterprise systems to be shared in dramatically more meaningful ways. So dramatic that Sir Tim Berners-Lee - a British engineer credited with inventing the Web - has identified semantics as the key technology for the next generation of the Internet.

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