Since the creation of the World Wide Web academics have been trying to compartmentalise its evolution. One of the first concepts was the notion of Web1.0, Web2.0 and Web3.0.
Web 1.0 was the first generation of the Web. During this phase the focus was primarily on building the Web, making it accessible, and commercialising it for the first time. Due to this it was also very “flat” with little interaction from the consumer and the content was mainly static pages which could only be consumed.
Web 2.0 (where we are believed to be now) refers to a supposed second generation of Internet-based services — such as social networking sites, wikis and communication tools that emphasize online collaboration and sharing among users.
Web3.0 refers to a proposed third generation of Internet-based services that collectively comprise what might be called “the intelligent” or semantic Web which emphasise machine-facilitated understanding of information in order to provide a more productive and intuitive user experience. It is believed that we will reach this stage somewhere between now and 2020.
Even though the above is now widely used it is still very architectural based and due to this; a new concept “the Internet of Everything” is beginning to emerge.
The premise of this is that at some time in the future (probably when the semantic web is with us) the Internet of everything will be widespread i.e. every device purchased will have an ability to connect to the web and will have its own unique IP address (to emphasis the scale of this belief it is calculated that by 2020 there will be >30 billion permanently Internet – connected devices and >200 billion intermittently Internet-connected devices).
So what does this mean? The potential to connect everything to the internet means that inanimate objects can drive hyper-connected businesses and create new value chains and in essence the more information we have about the environment we live in the easier it will be able to create new and innovative cost models. Burglars would certainly need a new career if you could track every object you own. The impact on business models is almost infinite.
There is a catch however…if a business is to benefit from the “Internet of Everything” investment in technology will certainly need to increase as the amount of storage which will be needed in the future to store all these events and run analytics will be immense.