|By Fuat Kircaali||
|December 21, 2008 11:45 PM EST||
In my October 2, 2008 blog entry, I shared the unfortunate news of Web 2.0's demise. This news is now hitting Silicon Valley and Silicon alleys around the world.
Soon all Web 2.0 events will either be "cancelled," or their organizers will make a last-minute attempt to pull together a last show, but throw in the towel after that, IMHO.
If they buck all business logic, and go ahead with their final scheduled Web 2.0 events, they'll lose millions of dollars and find out after their last show that Web 2.0 was DOA (as a software business model) anyway. Industry participation is a key indicator to determine the viability of technology trends. And what is better an indicator than the success or failure of an industry event on a particular subject matter.
This week a WSJ blog entry (advertorial) written by Jeremy Liew entitled, "Will the Recession Kill Web 2.0?", discusses this same thing. He approaches the subject from the business point-of-view (well, there's really no other point-of-view). He thinks some Web 2.0 companies may exit the recession stronger at the expense of the many others that won't make it through. The outcome will be based on the revenue and profitability that reflect their readership demographics, like niche sites that won't be as severely affected by the advertising slump and may flourish despite the economic downturn.
As far as "Web 2.0 as a software business model" goes, I repeat my initial view of October, 2008. Web 2.0 isn't a software business model and has never been. Yes, there was an attempt to make Web 2.0 a software business model, but it crashed and burned at the beginning of 2008, four years after the Web 2.0 Kool-Aid was first passed around the software industry as a solution, a path to heavenly riches. Now the believers in the non-existent "Web 2.0 software business model" find themselves in a situation much like much of Wall Street but without any bail-out parachutes.
I'm not saying that the "Panic of 2008" killed Web 2.0. I'm saying that Web 2.0 was never a way to create revenues. And many software companies and start-ups have ended up in the Web 2.0 dead end.
I'm also not saying that many businesses that we call Web 2.0 sites (for lack of a better term) will disappear because of the recession. What I mean is that none of them needed the services of the hundreds of software companies that positioned themselves as Web 2.0 solution providers. There hasn't been a single example of it since the day the first "Web 2.0 software business model" Kool-Aid was consumed.
Who are these Web 2.0 software companies and solutions providers?
You name them.
Any software company that had the words "Web 2.0" in their "About" page is either out of business, or saw the freight train coming and packed it up and moved off the tracks before they got hit.
Companies that redirected and refocused their research, development, services, and solutions on to more viable technologies by getting off the Web 2.0 bus will at least survive the recession. Some software companies, among best in their competitive landscape, that are providing high-impact cost-saving solutions, and directly fighting the recession will grow, profit, and prosper.
As for the question: "Will the Recession Kill Web 2.0?" - I repeat Web 2.0 as a sustainable software business model never existed and never had a chance, recession or no recession.
Think about it for a moment. Which Web 2.0 software solution provider is behind the success of MySpace, Facebook, or YouTube?
If the start-ups and giants who call themselves Web 2.0 software companies had a clue about what Web 2.0 meant, they would have created MySpace, Facebook, and YouTube.
There are dozens of future Web 2.0 success stories (for lack of a better word) -that are today at their inception, or at the toddler or teenage stage, and they'll be the Web 2.0 giants of tomorrow (recession or no recession), but none of them will be created by one of the so-called Web 2.0 solution providers you used to see on Web 2.0 conference expo floors.
Many of them don't exist anymore, and the few that are left are on life support.
With this gloomy outlook for Web 2.0 (as a software business model), a happy and healthy holiday season to all.
|rabcraig 04/23/09 07:06:00 AM EDT|
I fairly agree that Web 2.0 is dying little by little, sites like Craiglist have to improve otherwise they will die and never get up
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 24, 2016 10:00 PM EDT Reads: 1,940
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jul. 24, 2016 09:45 PM EDT Reads: 2,116
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 24, 2016 09:00 PM EDT Reads: 2,456
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 24, 2016 07:45 PM EDT Reads: 1,845
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 24, 2016 07:30 PM EDT Reads: 1,687
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 07:30 PM EDT Reads: 2,048
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 24, 2016 07:00 PM EDT Reads: 1,926
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 06:45 PM EDT Reads: 1,756
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Jul. 24, 2016 05:00 PM EDT Reads: 2,351
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Jul. 24, 2016 05:00 PM EDT Reads: 2,025
What are the successful IoT innovations from emerging markets? What are the unique challenges and opportunities from these markets? How did the constraints in connectivity among others lead to groundbreaking insights? In her session at @ThingsExpo, Carmen Feliciano, a Principal at AMDG, will answer all these questions and share how you can apply IoT best practices and frameworks from the emerging markets to your own business.
Jul. 24, 2016 04:15 PM EDT Reads: 1,546
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Jul. 24, 2016 03:45 PM EDT Reads: 1,724
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 24, 2016 03:30 PM EDT Reads: 900
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 24, 2016 03:15 PM EDT Reads: 1,672
Traditional IT, great for stable systems of record, is struggling to cope with newer, agile systems of engagement requirements coming straight from the business. In his session at 18th Cloud Expo, William Morrish, General Manager of Product Sales at Interoute, outlined ways of exploiting new architectures to enable both systems and building them to support your existing platforms, with an eye for the future. Technologies such as Docker and the hyper-convergence of computing, networking and sto...
Jul. 24, 2016 03:00 PM EDT Reads: 1,010
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 24, 2016 02:30 PM EDT Reads: 774
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, discussed the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filterin...
Jul. 24, 2016 02:00 PM EDT Reads: 1,191
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 24, 2016 01:30 PM EDT Reads: 816
Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.
Jul. 24, 2016 12:00 PM EDT Reads: 1,884
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jul. 24, 2016 12:00 PM EDT Reads: 1,892