Web 3.0 Technology and Social Networking

Web 3.0 Technology
Recently, new advances in Internet technology have been summarized by the evolution of what is known as  into the current state of the internet known as, and into the emergence of semantic web technologies and the advancements looking forward into. Additionally, the development of social networks have created new forms of competition between businesses.

Web 3.0 Era Technology

Using new technologies in the Web 3.0 era, firms will have the ability to use the information gathered by organizations before, during, or after contact with customers via techniques such as data warehousing, data mining or customer relationship management, as well as using various pieces of information from diverse social networks or on the net in general. This type of information will become essential for adapting products to the end user and providing enhanced personalization according to their needs. It makes for an overwhelming transformation in technology itself, which can lead to new business models.

Social Media & Businesses

Many view the most important strategic change in Web 3.0 to be the importance of meaning in the new environment. Social networks will become tools for finding out what is happening at a given moment, what the competition is doing, what is in high demand by customers, or even for uncovering technological trends. The administration of social networks for knowledge management will also become a very useful tool. Networks will be enable knowledge creation, sharing and learning, and will become great sources of creativity and innovation.

has enormous potential during the web 3.0 era, but is also in heavy effect already for many businesses. outlines some of the unknowns of for businesses:

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