Economics And Business Model
The popularity of Web 2.0 has made serious consideration of what kind of business model it would be able to provide. In the early days of the Internet, this was also the problem that has been presented by its critics with respect to economics pointing out that there is no sustainable business model for the Internet. However, since then, companies like Google and Yahoo which drive their revenues purely from advertising has proven such a business forecast false.
Web 2.0, however, because of the different structure it has of sharing and collaboration other than information retrieval, is also criticized by many as what kind of business model could fit. Because of the fact that it is content driven, most of the websites and the contents are made by users and companies would not be able to advertise directly to those pages as in traditional methods of selling specific goods and services.
Understand that the highlighting points of Web 2.0 are we keys, blogs, social networks, file sharing, and a host of other user generated content. Being a nonmonetary model of business, individuals are wondering whether or not such companies which focus on collaboration and user generated content would indeed gain profits.
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Web Based Applications
In discussing Web 2.0, it is an essential topic to cover that we discuss online applications because it is the rage these days. Just two weeks ago, Google released its Web browser called Google chrome that has a special feature of dedicating special Windows freebies online applications. Also, Firefox and Internet Explorer are continuously driving and modifying their Web browsers to fit such Web 2.0 model for use in online applications. It is therefore a good thought to keep in mind in discussing online applications that its popularity is driving many of the major computer manufacturers and website owners to modify their existing products to address the needs of consumers and to drive their business model upwards.
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