WEB 2.0

Web 2.0 Definition:
Web 2.0 is a new generation technology & platform devoted to expansion of the online community through blogs, wikis, social networks, indexing, etc. It's main components and elements are web development & design, simplicity, user friendly, collaboration of different media, convergence of different audio and video sites, and being online vs. going online. There is also a significant shift in economic value of the web, software as a service, and interpersonal computing.
Benefits & pros...ways it can help business and society
Web 2.0 proves to be very beneficial to today's society due to our world being generated and centered around technology and all of the up-to-date "gizmo's & gadgets." Whether it's the latest itunes or updating one's profile on facebook, we rely heavily on having our lives put up on display for all to see. We need to have our life as a complete package in the palms of our hands. For instance, having a blackberry or iphone means having your e-mail, instant messaging, phone, contacts...all you need in your day-to-day life is at immediate access in an all-in-one technology. Through blogging and wiki's, it is easier to have business meetings from across the country, while seeing everyone's personal opinion or suggestion on a various topic. With Web 2.0 products, users can quickly find exactly what they're looking for, they can interact with like-minded individuals and access their data at anytime.The new Web 2.0 proves to be benficial when it comes to bettering and helping today's contemporary society.
Cons...?
The main negative factor I see in Web 2.0 is a somewhat lack of privacy concerning searching the internet, and the social networking or blogging websites. Also, what if the site where you store your personal data is sold to another company? Will that company then have your best interest at heart? What if the servers crash and you lose your valuable information, say your schedule, or your team collaboration project, even if it's only temporarily? What if you lose your Internet connection and therefore cannot access your to-do list?...http://www.tucows.com/article/846