What is Web 3.0 and its benefits to business?

 

 

 It has never been like this during the emergence of web 1.0 until web 3.0 and its benefits revolutionize the way of doing business. Maybe this is the first time to hear about web 3.0, so you don’t know its benefits to business.  That is not a big deal; everything will be explained comprehensively in this article. Don’t rush out, stay cool and learn about web 3.0. 

Before web 3.0 technology was introduced, there have been web 1.0, web 2.0 which tools were very interactive. Though they were very slow, data were shown in a very static format. The lapses in the duo warrant web 3.0 application. The features were not made to interact with users nor understand the user’s intentions unlike web 3.0 and its advanced features. The benefits of the previous web applications were marred with several limitations. Like centralization of content presented in the form of portals, directories, news sites and more.

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  •         Web 1.0 produces static content like HTML codes (read medium)
  •         Web 2.0 produces user generated content like blog post and social media post (read/write medium) like Facebook

The greatest limitation of both is machine intelligence. This feature is a more advanced web technology that web 3.0 integrated. Artificial intelligence (AI) has made computer technology produces services that change the way businesses are run.  It transforms problem solving, internet communication, content generation and content production to a whole new level. Web 3.0’s benefit to business is massive considering its features and what artificial intelligence can executive in a shortest time.

what is web 3.0 benefits to business

What is web 3.0?

In the early 90s, was the era of web 1.0 that saw the syntactic web content production. No provision was made for users to interact with the web interface. Since this was a personal or company website made to pass information to consumers or clients, no means of consumers to communicate back. It was pretty boring and slow to navigate web pages too. Web 1.0 technology lasted for up to a decade from 1990-2000 and produced html page content to consumers.

 Later, there can be evolution of web technology to web 2.0. From the year 2000 to 2010 with the production of read and write content. This was built for user interaction or what we called user generated content that created interactive space. There saw the emergence of many social network sites like YouTube, Twitter, Facebook, LinkedIn and the likes.

The term Web 2.0 was never clearly defined and even today if one asks ten people what it means one will likely get ten different definitions. However, most people in the Web industry would agree that Web 2.0 focuses on several major themes, including AJAX, social networking, folksonomies, lightweight collaboration, social bookmarking, and media sharing. While the innovations and practices of Web 2.0 will continue to develop, they are not the final step in the evolution of the Web.”- Lifeboat Foundation

Also read: Fundamental of Blogging

 

It user centered web technology to enable users full participation in the web space. During this time many young people started visiting these social networking sites to generate content and interact with friends. It brought a whole new technology that made more people go to the internet. The most benefit was internet socialization, democratisation and viral information dissemination.

Web 3.0 definition

”…Tim Berners Lee said, “People keep asking what Web 3.0 is. I think maybe when you’ve got an overlay of scalable vector graphics – everything rippling and folding and looking misty – on Web 2.0 and access to a semantic Web integrated across a huge space of data, you’ll have access to an unbelievable data resource…”- Expert System

Web 3.0 is the technology of using more machine learning language to interact with web content and users to produce more robust results within a short time. It is a way of learning how humans think, interact, react and communicate with web content and react to activities on the web. The benefit of web 3.0 is more progressive and broad I must confess.

The term web 3.0 was first coined by John Markoff of the New York Times in 2006 and first appeared significantly in early 2006 in a Blog article ‘ Critical of Web 2.0 and Associated Technologies such as Ajax”- Jeffrey Zeldman

Businesses that embrace web 3.0 technologies like Google AI are going to benefit a lot in times of revenue and result generation.  Even in the area of data analysis, big data solutions and automation of internet activities.

In Web 3.0, the machines get along with users in content production and in decision-making, transforming traditional supportive role of the internet infrastructure to a protagonist entity in content/process generation.”- Aquarela

The term Web 3.0 is a term that was first mentioned by Tim Berners-Lee because he was one of the founders of the World Wide Web (WWW). His core motive is to allow machines to perform the task of reading web pages in the form of humans and search engines to detect almost accurately users intention during searches. Producing Big Data and collecting huge data analysis in return.

According to Google CEO, Eric Schmidt “Web 3.0 as a series of combined applications. The core software technology of web 3.0 is artificial intelligence, which can intelligently learn and understand semantics. Therefore, the application of web 3.0 technology enables the Internet to be more personalized, accurate and intelligent.” – Google

 

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web 3.0 and it's features

Web 3.0 Basic Features

  1.       Semantic  Web
  2.       Artificial Intelligence
  3.       3D Graphics
  4.       Ubiquitous
  5.       connectivity

 

  1.       Semantic Web

 

This feature in web 3.0 technology evolution that understands sentence and word structure just like the way humans does instead of keywords and the likes.  Semantic Web makes web 3.0 unique among the previously evolved web applications.

 

Semantic web along with artificial intelligence are the two cornerstones of web 3.0. The semantic web will help teach the computer what the data means and that will evolve artificial intelligence that can utilize that information. The core idea is to create a spider web of knowledge across the internet which will help it to understand the meaning of words to generate, share, and connect content through search and analysis.” – Google site

With the ability to learn as a machine, understand and process natural languages. This is by far impressive and beneficial to internet businesses like Google and Bing.

 

Also to distribute databases in a way like wide-area distribution of data bases.

  1.       Artificial Intelligence

 

It is necessary for web3.0 to understand information with the use of Artificial Intelligence (AI) because it is trying to provide exact information for users who are searching the web. This mimicking human learning process enables the robot to provide faster and better results in a smart way.

 

 

AI will allow websites to filter and present users the best data possible. Currently in web 2.0, we have started taking user opinions to help us understand the quality of a particular product/asset. Think of a website like Rotten Tomatoes where users get to vote on a list of movies. Movies with a higher rating are usually considered “good movies”. Lists like these help us get to the “good data” without going through “bad data.”- Blockgeeks

AI not just learns but can filter information within a website to present the user the perfect match because it has understood the user’s intention.

 

  1.       3D Graphics

 

Web 3.0 is a three dimensional  web interface that has features like computer games, ecommerce, real estate, virtual conference, video calling, live streaming and others.

 

This 3d will give birth to so many graphical concepts in the graphical world making people interact more with the virtual than real world. From here we can see what is web 3.0 and its benefits to business today.

 

  1.       Ubiquity

Web 3.0 is trying to make devices be connected everywhere at the same time using tracking sites or the internet. Development of more mobile applications to perform most duties of desktop PCs. After all Smartphones do so much work of Pc and Smartphone optimization in very important Google rankings.

Now web 3.0 has so simple feature

#1 Mobile internet accessibility

#2 mobile devices connection

#3 Broadband  adoption

 

  1.       Connectivity

 

Web 3.0 has made information more connected going by the present increase in mobile phone usage. The user experience has progressed through the connection of web 3.0 semantic metadata.

 

 

Web 3.0 Benefits To Business

 

Web 3.0 business is enormous looking present day activities on the internet space. Voice search has made internet usage faster, smarter and interesting.

 

According to BBcosult

  1. A more personalized browsing experience

As invasive as those adverts may sometimes feel, there is no doubting the convenience in being able to easily click through to a special offer for something you genuinely need or want and that you may have otherwise missed.

Web 3.0 provides a far more personalized browsing experience for all of us. Websites can automatically customize themselves to best fit our device, location and any accessibility requirements we may have and web apps will become far more attuned to our usage habits.

  1. Better search

As noted previously, the ability to speak in natural language with a search engine is incredibly powerful. The learning curve becomes almost non-existent, and the benefits extend far beyond the consumer; businesses will increasingly be able to take a more natural approach to the search engine optimization on their websites, rather than resorting to tricky keyword strategies.

  1. Richer app experiences

It isn’t just websites that will benefit from the multifaceted Web 3.0 – web apps will also start to offer far richer experiences for users.

Consider a mapping service like Google, which is now able to combine the basics of location search with route guidance, hotel recommendations and live traffic updates. This simply wasn’t possible in the Web 2.0 era.

Source:BBcnsult.co.uk

 

Example of web 3.0 Tools

  •       AI powered search engine
  •       Automated customer support chat agent
  •       Distributed search
  •       Ecommerce voice buying
  •       AI content generating tools and more

 

Conclusion

 

Web 3.0 has a whole lot to offer web users and it is benefitting business. Attracting more people into the internet space. From the article, you can now know what is web 3.0 and its benefits to business today. The evolution of web technology fined us here and is still taking us somewhere.

 

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By

 

Humphrey Udoh

 

Elivechat Team

 

 

 

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