1 00:00:00,320 --> 00:00:02,880 Speaker 1: Brought to you by the reinvented two thousand twelve camera. 2 00:00:03,240 --> 00:00:08,920 Speaker 1: It's ready. Are you get in touch with technology with 3 00:00:09,080 --> 00:00:18,160 Speaker 1: tech Stuff from how stuff works dot com. Hello again, everyone, 4 00:00:18,200 --> 00:00:20,520 Speaker 1: and welcome to tech stuff. My name is Chris Polette. 5 00:00:20,560 --> 00:00:23,239 Speaker 1: I am an editor here at how stuff works dot com, 6 00:00:23,680 --> 00:00:26,119 Speaker 1: and sitting across from me, as he always does, is 7 00:00:26,520 --> 00:00:30,320 Speaker 1: senior writer Jonathan Strickland. The only way to win is 8 00:00:30,360 --> 00:00:34,680 Speaker 1: not to play. You know, I really enjoy our our 9 00:00:34,760 --> 00:00:38,080 Speaker 1: new studio. This is so much nicer than I'm glad. Uh. 10 00:00:38,159 --> 00:00:40,400 Speaker 1: The only thing is the pool. We have to kind 11 00:00:40,400 --> 00:00:41,640 Speaker 1: of stay out of the pool because it makes a 12 00:00:41,640 --> 00:00:43,559 Speaker 1: lot of noise when we're trying to uh, trying to 13 00:00:43,600 --> 00:00:46,680 Speaker 1: record a podcasts really stir Josh and Chuck and the 14 00:00:46,920 --> 00:00:50,440 Speaker 1: electricity incident. We really don't want to get in net 15 00:00:50,440 --> 00:00:53,840 Speaker 1: pool anyway. So let's talk a little bit about a 16 00:00:53,920 --> 00:00:58,760 Speaker 1: subject that I find endlessly entertaining. Sure, Web two point oh? 17 00:00:59,320 --> 00:01:02,040 Speaker 1: The heck is it? Is it? What we think it is? 18 00:01:02,240 --> 00:01:06,720 Speaker 1: Doesn't mean anything? Where am I? Where do I live? What? 19 00:01:07,280 --> 00:01:08,800 Speaker 1: I'm sorry? I just I kind of get off on 20 00:01:08,840 --> 00:01:11,759 Speaker 1: a whole series of questions there. Web two point oh 21 00:01:11,800 --> 00:01:13,399 Speaker 1: can mean a lot of things. But I can tell 22 00:01:13,400 --> 00:01:15,920 Speaker 1: you what it meant when it was coined, and the 23 00:01:15,959 --> 00:01:18,840 Speaker 1: person you have to think or blame, depending on how 24 00:01:18,840 --> 00:01:21,080 Speaker 1: you look at it, I think in general, probably think 25 00:01:21,360 --> 00:01:25,560 Speaker 1: would be O'Riley, the publisher, O'Riley vice president Dale Doherty, 26 00:01:25,560 --> 00:01:29,399 Speaker 1: who came up with the idea, uh, basically back in 27 00:01:29,680 --> 00:01:33,160 Speaker 1: a retreat that they were talking about different things, and 28 00:01:33,640 --> 00:01:36,080 Speaker 1: essentially what he meant at the time was these websites 29 00:01:36,200 --> 00:01:39,520 Speaker 1: survived the dot com crash, and this is why because 30 00:01:39,560 --> 00:01:42,039 Speaker 1: they had they sort of had a common set of 31 00:01:42,080 --> 00:01:45,039 Speaker 1: characteristics that people still wanted to use, right right. What 32 00:01:45,200 --> 00:01:48,520 Speaker 1: sort of qualities set those companies apart from the ones 33 00:01:48,560 --> 00:01:53,080 Speaker 1: that collapsed dot com crash? Sorry I'm interrupting. These guys 34 00:01:53,120 --> 00:01:54,800 Speaker 1: had a business model in a lot of cases, and 35 00:01:54,840 --> 00:01:58,200 Speaker 1: some of them didn't, which helped them along. Let's talk 36 00:01:58,240 --> 00:02:00,280 Speaker 1: about the dot com crash a little bit before we 37 00:02:00,320 --> 00:02:03,360 Speaker 1: get into web two point. Oh so, let's let's cast 38 00:02:03,400 --> 00:02:06,640 Speaker 1: our minds back to the mid nineties. Okay, but I 39 00:02:06,640 --> 00:02:09,119 Speaker 1: can't throw very far. I've kind of a wimpy arm. Right, Well, 40 00:02:09,160 --> 00:02:11,000 Speaker 1: your brain doesn't weigh that much, so I think you'll 41 00:02:11,040 --> 00:02:12,920 Speaker 1: be able to get some more distance than you think 42 00:02:13,320 --> 00:02:17,680 Speaker 1: the back in the mid nineties. The web is relatively new. 43 00:02:18,000 --> 00:02:19,959 Speaker 1: You know, the web really started coming out in the 44 00:02:20,320 --> 00:02:24,399 Speaker 1: early nineties, UM, and companies were just starting to kind 45 00:02:24,400 --> 00:02:27,880 Speaker 1: of get a presence on the web, and we started 46 00:02:27,919 --> 00:02:32,000 Speaker 1: seeing companies that with existence that existed outside the web 47 00:02:32,639 --> 00:02:35,520 Speaker 1: make an entry first, right right, So, like you know, 48 00:02:35,560 --> 00:02:39,120 Speaker 1: it would be some recognizable brand creating a website as 49 00:02:39,120 --> 00:02:41,280 Speaker 1: a way of marketing that brand. Now, at the time, 50 00:02:41,440 --> 00:02:43,639 Speaker 1: no one really knew the most effective way of doing 51 00:02:43,639 --> 00:02:46,799 Speaker 1: it because it was so brand new, right right. And 52 00:02:46,800 --> 00:02:48,840 Speaker 1: in addition to a lot of a lot of companies 53 00:02:48,880 --> 00:02:50,600 Speaker 1: thought it was just a flash in the hand. They 54 00:02:50,600 --> 00:02:53,000 Speaker 1: didn't see a whole lot of value in even bothering 55 00:02:53,000 --> 00:02:55,040 Speaker 1: with it in the first place. Well, and I can 56 00:02:55,080 --> 00:02:57,120 Speaker 1: kind of understand why, because at the time it was 57 00:02:57,160 --> 00:03:00,920 Speaker 1: really a niche thing that at that time. Again, college 58 00:03:00,919 --> 00:03:04,640 Speaker 1: students were probably the number one consumers of the web 59 00:03:04,680 --> 00:03:08,040 Speaker 1: when it first came out. UM and then people in 60 00:03:08,120 --> 00:03:10,960 Speaker 1: research facilities think people who are using it as a 61 00:03:11,280 --> 00:03:15,760 Speaker 1: means of actually communicating their their work to one another. Uh. 62 00:03:15,800 --> 00:03:17,960 Speaker 1: And so in those early days, you might have thought, 63 00:03:17,960 --> 00:03:21,919 Speaker 1: if you were if you were a corporate executive that, uh, 64 00:03:21,960 --> 00:03:24,880 Speaker 1: why would we market directly to these people. We can 65 00:03:25,040 --> 00:03:28,960 Speaker 1: use television and print marketing the way we've always used it. Um, 66 00:03:29,400 --> 00:03:32,280 Speaker 1: this web thing is never going to go anywhere. Of course, 67 00:03:32,639 --> 00:03:36,960 Speaker 1: that was not the case. The web exploded, and during 68 00:03:36,960 --> 00:03:39,840 Speaker 1: that explosion, a lot of people got this kind of 69 00:03:39,920 --> 00:03:42,680 Speaker 1: cool idea, like, what if we built a company that 70 00:03:43,360 --> 00:03:47,840 Speaker 1: was founded upon the web. Web itself was the face 71 00:03:48,000 --> 00:03:52,480 Speaker 1: of the company, the interface between company and customer, and 72 00:03:53,640 --> 00:03:56,560 Speaker 1: will provide either a product or a service, and the 73 00:03:56,640 --> 00:03:59,280 Speaker 1: web will be the way that we uh that we 74 00:03:59,360 --> 00:04:03,000 Speaker 1: present that to to the average customer. And a lot 75 00:04:03,040 --> 00:04:06,640 Speaker 1: of different companies sprung up using this idea. Everyone's thinking, 76 00:04:06,720 --> 00:04:08,560 Speaker 1: this is going to be the future. Everyone's gonna buy 77 00:04:08,560 --> 00:04:12,800 Speaker 1: everything online, um and uh. And before you knew it, 78 00:04:13,280 --> 00:04:17,000 Speaker 1: companies were popping up in in the dozens every single day, 79 00:04:17,400 --> 00:04:20,159 Speaker 1: and you had lots of investors interested in this idea 80 00:04:20,520 --> 00:04:24,920 Speaker 1: pouring money into these these companies um that had either 81 00:04:25,279 --> 00:04:29,560 Speaker 1: no business model, an unproven business model, or at least 82 00:04:29,600 --> 00:04:34,280 Speaker 1: at the very least no proven revenue, right, I mean 83 00:04:34,320 --> 00:04:38,080 Speaker 1: they I've heard more than one person referred to the 84 00:04:38,160 --> 00:04:40,360 Speaker 1: early days of the web as sort of a wild 85 00:04:40,400 --> 00:04:45,120 Speaker 1: West scene. You know, to overuse a cliche, but um, 86 00:04:45,160 --> 00:04:47,919 Speaker 1: you know, essentially, you know, it kind of was like 87 00:04:47,960 --> 00:04:50,839 Speaker 1: that people were in such a hurry to to to 88 00:04:50,880 --> 00:04:53,400 Speaker 1: claim their territory, to to come to the web with 89 00:04:53,440 --> 00:04:56,520 Speaker 1: a brand new idea or at least, you know, one 90 00:04:56,600 --> 00:04:59,200 Speaker 1: that they could take ownership off before everyone else got 91 00:04:59,200 --> 00:05:01,640 Speaker 1: to it, that they didn't really think through things very 92 00:05:01,640 --> 00:05:03,760 Speaker 1: well well. And and these a lot of these little 93 00:05:03,800 --> 00:05:06,719 Speaker 1: companies did not need the massive amount of investment that 94 00:05:06,760 --> 00:05:10,080 Speaker 1: they received, and in a way that actually ended up 95 00:05:10,160 --> 00:05:12,680 Speaker 1: hurting them. You get a company that what might need 96 00:05:13,000 --> 00:05:16,240 Speaker 1: let's say a hundred thousand dollars investment in order to 97 00:05:16,240 --> 00:05:18,719 Speaker 1: to really get off the ground and work, and what's 98 00:05:18,839 --> 00:05:22,640 Speaker 1: instead get a million dollars of investment. And so the 99 00:05:22,680 --> 00:05:24,760 Speaker 1: person righting the company be like, well, great, now I 100 00:05:24,760 --> 00:05:26,920 Speaker 1: can hire tons and tons of people. And you ramp 101 00:05:27,000 --> 00:05:30,160 Speaker 1: up faster that before you've even built an infrastructure, So 102 00:05:30,200 --> 00:05:33,240 Speaker 1: before you've built the basic structure for your your business 103 00:05:33,279 --> 00:05:36,640 Speaker 1: to rest on, you are going into full swing. And 104 00:05:36,760 --> 00:05:39,240 Speaker 1: a lot of these companies could not maintain that momentum. 105 00:05:39,320 --> 00:05:41,840 Speaker 1: And in fact, you got to hear stories about how 106 00:05:41,880 --> 00:05:44,600 Speaker 1: people were going to be paid in in stock options 107 00:05:45,080 --> 00:05:48,720 Speaker 1: because these companies were doing crazy amounts of of you know, 108 00:05:48,800 --> 00:05:52,320 Speaker 1: the the amount of money being invested into into them. UM. 109 00:05:52,480 --> 00:05:54,920 Speaker 1: Some of the ones that went public, their stocks rose 110 00:05:55,080 --> 00:06:00,280 Speaker 1: dramatically overnight because everyone was interested in it. I mean, 111 00:06:00,480 --> 00:06:03,400 Speaker 1: the initial public offering or i p OH for some 112 00:06:03,440 --> 00:06:08,080 Speaker 1: of these companies was massive, and and in the weeks 113 00:06:08,120 --> 00:06:12,120 Speaker 1: immediately following UM, some of the people who had stock options, 114 00:06:12,120 --> 00:06:14,880 Speaker 1: and some of the very early pioneers of the Internet, 115 00:06:14,960 --> 00:06:16,880 Speaker 1: some of the ones that are still around, especially the 116 00:06:16,880 --> 00:06:19,440 Speaker 1: ones who've had real staying power, they made quite a 117 00:06:19,440 --> 00:06:22,040 Speaker 1: bit of money just on the stock options that they 118 00:06:22,040 --> 00:06:25,200 Speaker 1: were granted as part of their UH incentive packages. Right now, 119 00:06:25,279 --> 00:06:27,240 Speaker 1: if you were if you were to make a ton 120 00:06:27,279 --> 00:06:31,560 Speaker 1: of money off this initial UM Internet boom, this initial 121 00:06:31,560 --> 00:06:34,200 Speaker 1: web boom, the best way for you to have made 122 00:06:34,279 --> 00:06:36,800 Speaker 1: money off this would be to get tons and tons 123 00:06:36,800 --> 00:06:39,960 Speaker 1: of stock and then almost immediately sell it off because 124 00:06:40,160 --> 00:06:43,520 Speaker 1: because the real problem was that as the reality set 125 00:06:43,560 --> 00:06:47,320 Speaker 1: in that these companies were not generating revenue and therefore 126 00:06:47,400 --> 00:06:49,440 Speaker 1: not making a return on the investment that had been 127 00:06:49,480 --> 00:06:52,960 Speaker 1: poured into them, the companies began to collapse. Now the 128 00:06:52,960 --> 00:06:55,520 Speaker 1: stock became worthless, and so people who were paid in 129 00:06:55,560 --> 00:06:59,400 Speaker 1: stock essentially made nothing. UM or or close to nothing, 130 00:06:59,760 --> 00:07:02,200 Speaker 1: and a lot of these companies went away and only 131 00:07:02,320 --> 00:07:07,599 Speaker 1: a few, uh by relative means anyway, survived. Now, those 132 00:07:07,640 --> 00:07:12,200 Speaker 1: companies that did survive were the ones that that Dougherty said, 133 00:07:12,200 --> 00:07:14,600 Speaker 1: we're web two point o companies. These were the ones 134 00:07:14,640 --> 00:07:18,240 Speaker 1: that did something differently than the ones who died out, 135 00:07:18,800 --> 00:07:21,040 Speaker 1: and that's why they were able to stick around. So 136 00:07:21,240 --> 00:07:25,840 Speaker 1: the the task at hand at this this conference was 137 00:07:26,240 --> 00:07:29,320 Speaker 1: let's look at these companies, see what sort of things 138 00:07:29,400 --> 00:07:32,960 Speaker 1: they did differently, and then that is what we will 139 00:07:33,000 --> 00:07:36,040 Speaker 1: now define as being what is required to be successful 140 00:07:36,360 --> 00:07:41,440 Speaker 1: a successful company on the web. Yeah, and uh, over 141 00:07:41,480 --> 00:07:45,720 Speaker 1: the years, I think people didn't necessarily understand what what 142 00:07:45,760 --> 00:07:48,840 Speaker 1: he meant, um because web two point out of the 143 00:07:48,960 --> 00:07:51,200 Speaker 1: term web two point I was kind of gotten hijacked 144 00:07:51,760 --> 00:07:56,320 Speaker 1: and almost now is synonymous with social networking. Yeah, and 145 00:07:56,360 --> 00:08:01,160 Speaker 1: that's that's simply because, Um, their earliest websites were basically 146 00:08:01,400 --> 00:08:04,560 Speaker 1: one way websites. The publisher would put them up on 147 00:08:04,600 --> 00:08:07,280 Speaker 1: the web, and I mean about the most interaction you 148 00:08:07,360 --> 00:08:09,440 Speaker 1: had with it was, you know, if there was an 149 00:08:09,480 --> 00:08:12,160 Speaker 1: email address on there for you to reply to, you 150 00:08:12,200 --> 00:08:15,360 Speaker 1: could you know, send the author an email and let 151 00:08:15,360 --> 00:08:17,080 Speaker 1: them know what was going on but there were really 152 00:08:17,120 --> 00:08:21,880 Speaker 1: wasn't any embedded interaction of any kind, and the content 153 00:08:21,960 --> 00:08:25,400 Speaker 1: on that site in general tended to be static. So 154 00:08:25,560 --> 00:08:28,880 Speaker 1: you had an animated gif alright, But the what I 155 00:08:28,880 --> 00:08:31,560 Speaker 1: mean by static is that it did not change. In 156 00:08:31,600 --> 00:08:34,840 Speaker 1: other words, if you visited it in May of nine 157 00:08:35,600 --> 00:08:39,640 Speaker 1: and then you went back in March of of and 158 00:08:39,679 --> 00:08:43,199 Speaker 1: the web page was essentially the same page because there 159 00:08:43,280 --> 00:08:45,360 Speaker 1: was no you know, it wasn't dynamic at all. It 160 00:08:45,400 --> 00:08:48,320 Speaker 1: would just stay the same. There wasn't really any incentive 161 00:08:48,360 --> 00:08:50,800 Speaker 1: to go back to that web page, right, And a 162 00:08:50,800 --> 00:08:54,160 Speaker 1: lot of companies hadn't really figured out how to leverage 163 00:08:54,160 --> 00:08:57,079 Speaker 1: the web in such a way where you were providing 164 00:08:57,400 --> 00:09:00,520 Speaker 1: useful information and a useful way for customers to interact 165 00:09:00,960 --> 00:09:03,680 Speaker 1: beyond just saying, hey, this is who we are and 166 00:09:03,720 --> 00:09:06,520 Speaker 1: this is what we do, especially not in a way 167 00:09:06,520 --> 00:09:08,720 Speaker 1: that they could monetize and and try to make a 168 00:09:08,760 --> 00:09:10,800 Speaker 1: business out of. So let's talk about you could put 169 00:09:10,840 --> 00:09:12,880 Speaker 1: anything you wanted to on there, but if people weren't 170 00:09:12,920 --> 00:09:15,720 Speaker 1: coming back and they weren't buying something from you, you 171 00:09:15,920 --> 00:09:18,000 Speaker 1: really weren't getting anything from it. A matter of fact, 172 00:09:18,080 --> 00:09:20,600 Speaker 1: if you were paying for hosting, then you are paying 173 00:09:20,640 --> 00:09:22,960 Speaker 1: money to read your content. For them to read your 174 00:09:22,960 --> 00:09:25,640 Speaker 1: content and not getting anything in returns, that really isn't 175 00:09:25,640 --> 00:09:28,400 Speaker 1: a particularly practical business model. Now that's that's what we 176 00:09:28,480 --> 00:09:31,480 Speaker 1: call a bad business model. Let's talk about one that 177 00:09:31,480 --> 00:09:33,680 Speaker 1: actually ended up being a good business model, although it 178 00:09:33,679 --> 00:09:36,000 Speaker 1: took years for it to turn around. And I'm talking 179 00:09:36,040 --> 00:09:40,679 Speaker 1: about Amazon dot Com. Yes. Now, Amazon was one of 180 00:09:40,040 --> 00:09:43,319 Speaker 1: the companies that Alerty would point to and say, this 181 00:09:43,360 --> 00:09:45,120 Speaker 1: is an example of web two point oh, and I 182 00:09:45,160 --> 00:09:47,480 Speaker 1: would agree, even though it was a company that took 183 00:09:47,679 --> 00:09:50,800 Speaker 1: years for it to really start making enough money to 184 00:09:50,800 --> 00:09:54,080 Speaker 1: to start and being a return on investment UM. One 185 00:09:54,160 --> 00:09:56,920 Speaker 1: of the things that Amazon did that really helped out 186 00:09:56,960 --> 00:10:00,800 Speaker 1: early on was Amazon allowed its users to post reviews 187 00:10:00,840 --> 00:10:04,560 Speaker 1: of products. Yes, and this was a an interactive way 188 00:10:04,600 --> 00:10:07,880 Speaker 1: where customers could get involved in the process and it 189 00:10:07,880 --> 00:10:12,640 Speaker 1: it it added value to Amazon dot COM's service, and 190 00:10:12,720 --> 00:10:15,360 Speaker 1: because of that, it was able to survive the dot 191 00:10:15,360 --> 00:10:17,760 Speaker 1: com crash, or that's part of why it was able 192 00:10:17,800 --> 00:10:21,520 Speaker 1: to survive. The fact that it that customers valued that 193 00:10:21,640 --> 00:10:23,840 Speaker 1: particular part of the service, as well as the fact 194 00:10:23,880 --> 00:10:25,600 Speaker 1: that they could use it to to shop for whatever 195 00:10:25,600 --> 00:10:28,480 Speaker 1: it is they wanted UM meant that they would come 196 00:10:28,520 --> 00:10:31,320 Speaker 1: back to Amazon dot Com and actually use the service, 197 00:10:31,400 --> 00:10:33,120 Speaker 1: as opposed to some of these others where you visit 198 00:10:33,200 --> 00:10:34,600 Speaker 1: once and then you're like, well that was cool, but 199 00:10:34,640 --> 00:10:37,120 Speaker 1: there's no reason to ever come back. Another thing that 200 00:10:37,520 --> 00:10:40,600 Speaker 1: Amazon had in its favor is the algorithm on the 201 00:10:40,640 --> 00:10:44,600 Speaker 1: back end that enables uh, the software running the site 202 00:10:44,640 --> 00:10:48,040 Speaker 1: to identify not only what you have bought, but it 203 00:10:48,040 --> 00:10:51,839 Speaker 1: helps you It helps match up customers that have bought 204 00:10:51,840 --> 00:10:55,320 Speaker 1: the same thing and make recommendations to you. So suddenly 205 00:10:55,360 --> 00:10:58,600 Speaker 1: there's a reason to go back and shop because you go, yeah, 206 00:10:58,720 --> 00:11:01,960 Speaker 1: you know, I really like this one book, but you know, 207 00:11:02,280 --> 00:11:04,240 Speaker 1: I don't know, I don't really know what I want 208 00:11:04,280 --> 00:11:07,040 Speaker 1: to read next. And Amazon dot Com could say, well, 209 00:11:07,080 --> 00:11:09,360 Speaker 1: you know what, other people who bought this book bought 210 00:11:09,400 --> 00:11:12,120 Speaker 1: this book too, and you you know, read the description 211 00:11:12,160 --> 00:11:13,560 Speaker 1: of it and read some of the reviews, and you know, 212 00:11:13,600 --> 00:11:15,560 Speaker 1: you know what, that really does look good. And of 213 00:11:15,600 --> 00:11:18,600 Speaker 1: course they expanded into many many other markets as well. 214 00:11:19,040 --> 00:11:22,200 Speaker 1: But you know, just it's an experience where you go 215 00:11:22,320 --> 00:11:26,160 Speaker 1: to shop, you get an idea of what people think 216 00:11:26,200 --> 00:11:28,560 Speaker 1: about the product, you get an idea of other things 217 00:11:28,559 --> 00:11:30,200 Speaker 1: that you could buy along with it. That's, you know, 218 00:11:30,240 --> 00:11:33,880 Speaker 1: the add on sale and retail terms. Um, oh, hey, 219 00:11:33,920 --> 00:11:35,840 Speaker 1: you're buying this, other people like this one, why don't 220 00:11:35,880 --> 00:11:38,840 Speaker 1: you buy both for especially discounted rate. Um. You know 221 00:11:38,880 --> 00:11:42,319 Speaker 1: that that really helped them survive and and thrive really 222 00:11:42,320 --> 00:11:46,640 Speaker 1: in the in the post dot com crash market. Um. 223 00:11:46,679 --> 00:11:51,839 Speaker 1: And it also sort of spawned what Wired um editor 224 00:11:52,360 --> 00:11:55,760 Speaker 1: Chris Anderson called the long tail, because suddenly you were 225 00:11:55,760 --> 00:11:59,560 Speaker 1: finding items in the back catalog, things that may have 226 00:11:59,640 --> 00:12:03,600 Speaker 1: even been published years ago, um, that other people liked, 227 00:12:04,000 --> 00:12:06,400 Speaker 1: and suddenly those items were starting to sell. And it 228 00:12:06,480 --> 00:12:10,720 Speaker 1: wasn't just the top ten of of you know, just 229 00:12:10,760 --> 00:12:13,480 Speaker 1: the best sellers, it was pretty much anything that that 230 00:12:13,600 --> 00:12:16,680 Speaker 1: Amazon carried, and um, suddenly they were able to compete 231 00:12:16,720 --> 00:12:18,800 Speaker 1: with the brick and mortar stores the world, which basically 232 00:12:18,880 --> 00:12:21,880 Speaker 1: were just carrying stuff that they knew they could sell 233 00:12:22,520 --> 00:12:26,240 Speaker 1: right now. So UM, that was definitely a good example 234 00:12:26,280 --> 00:12:29,880 Speaker 1: of that. Yeah, and uh, getting back to the dynamic 235 00:12:29,960 --> 00:12:33,000 Speaker 1: ver sycstatic, this is also when we started seeing things 236 00:12:33,080 --> 00:12:36,560 Speaker 1: like trends like blogging really start to take off. Blogging 237 00:12:36,679 --> 00:12:39,080 Speaker 1: is another good example, and that it's if you go 238 00:12:39,160 --> 00:12:43,240 Speaker 1: to a blog, then that that content changes sometimes on 239 00:12:43,280 --> 00:12:46,280 Speaker 1: an hourly basis, depending on the blogger, but at least 240 00:12:46,400 --> 00:12:48,880 Speaker 1: like if you visit a blog a couple of times 241 00:12:48,880 --> 00:12:52,520 Speaker 1: a week, you'll notice that there's new content up. Um 242 00:12:52,640 --> 00:12:55,520 Speaker 1: blogging was one of those things that really attracted people 243 00:12:55,559 --> 00:12:57,760 Speaker 1: to different websites. Again, it gives you a reason to 244 00:12:57,880 --> 00:13:00,640 Speaker 1: return to the same site over an over again. It's 245 00:13:00,679 --> 00:13:03,040 Speaker 1: not just that you know you don't you don't go 246 00:13:03,120 --> 00:13:05,640 Speaker 1: there just whenever you need something specific. You go there 247 00:13:05,679 --> 00:13:07,800 Speaker 1: because you're interested in the bloggers point of view and 248 00:13:07,840 --> 00:13:10,240 Speaker 1: you want to see the latest information that that person 249 00:13:10,320 --> 00:13:13,480 Speaker 1: has to offer. Um also the whole Wisdom of the 250 00:13:13,480 --> 00:13:16,320 Speaker 1: crowds notion. This is another one of those things that 251 00:13:16,360 --> 00:13:17,920 Speaker 1: came out of the whole web two point o. And 252 00:13:18,040 --> 00:13:20,439 Speaker 1: we touched on it with the Amazon dot Com stuff 253 00:13:20,440 --> 00:13:23,840 Speaker 1: and the user reviews. But another, of course, another great 254 00:13:23,840 --> 00:13:26,559 Speaker 1: example of that would be all the wikis, including Wikipedia, 255 00:13:27,400 --> 00:13:31,600 Speaker 1: and these are websites that have become successful because they 256 00:13:31,640 --> 00:13:34,760 Speaker 1: build a community of users and they rely upon the 257 00:13:34,880 --> 00:13:38,600 Speaker 1: users to provide content. So you're no longer just creating 258 00:13:38,640 --> 00:13:41,040 Speaker 1: content and serving it to people and telling them that's 259 00:13:41,080 --> 00:13:44,520 Speaker 1: what they want. That's the Steve Jobs method. What you're 260 00:13:44,559 --> 00:13:47,960 Speaker 1: doing is you're allowing the community of users to create 261 00:13:48,000 --> 00:13:50,600 Speaker 1: the content that they do want and that they're all 262 00:13:50,640 --> 00:13:54,280 Speaker 1: providing their own point of view and their own expertise 263 00:13:54,600 --> 00:13:57,520 Speaker 1: to kind of to build it up over time. Now, 264 00:13:57,920 --> 00:14:01,760 Speaker 1: this is not always success. Well, there are problems that 265 00:14:01,960 --> 00:14:05,160 Speaker 1: come up because we're people, and people tend to have 266 00:14:05,240 --> 00:14:09,440 Speaker 1: different ideas of what's best for any given situation, and 267 00:14:09,520 --> 00:14:11,520 Speaker 1: some of them have agendas and you know that can 268 00:14:11,520 --> 00:14:17,719 Speaker 1: come into play too, But the basic idea is pretty sound. Yeah, no, 269 00:14:17,840 --> 00:14:20,560 Speaker 1: I was, you know, the idea of user generated content 270 00:14:20,640 --> 00:14:24,680 Speaker 1: folksonomy's crowdsourcing, you know, getting everybody into the act instead 271 00:14:24,680 --> 00:14:28,760 Speaker 1: of just the content producers. Um. Again, Anderson said, you know, 272 00:14:28,880 --> 00:14:33,720 Speaker 1: computers democratized the act of creating content, and the Internet 273 00:14:33,880 --> 00:14:38,600 Speaker 1: basically democratized the act of, uh of distributing that content, 274 00:14:38,600 --> 00:14:41,720 Speaker 1: and suddenly everybody's you know, creating videos to share on 275 00:14:41,760 --> 00:14:45,520 Speaker 1: YouTube and taking other items and mashing them together to 276 00:14:45,600 --> 00:14:49,040 Speaker 1: make new things. Um. Then you have you know, the 277 00:14:49,040 --> 00:14:52,680 Speaker 1: interactivity sites where there are you know, games and and 278 00:14:52,760 --> 00:14:56,560 Speaker 1: things that you can do ajax and the other a 279 00:14:56,680 --> 00:14:59,200 Speaker 1: p I s that allow you to, uh to make 280 00:14:59,400 --> 00:15:02,840 Speaker 1: individual sites much more interactive and and functional than they 281 00:15:02,920 --> 00:15:05,240 Speaker 1: used to be for the user. And you can customize things, 282 00:15:05,240 --> 00:15:08,840 Speaker 1: you know, portals, um, where you really have control over 283 00:15:08,840 --> 00:15:12,120 Speaker 1: the content RSS feeds to bring to incorporate your blogs 284 00:15:12,640 --> 00:15:16,000 Speaker 1: into a reader. Yeah, you can syndicate your blog feeds 285 00:15:16,080 --> 00:15:19,360 Speaker 1: and aggregate them in one place, um, along with weather 286 00:15:19,560 --> 00:15:22,880 Speaker 1: and traffic and stock reports and all that stuff. You know. 287 00:15:22,880 --> 00:15:26,200 Speaker 1: It's it just makes those sites interactive, you know, and 288 00:15:26,320 --> 00:15:30,240 Speaker 1: to the point where, uh, you can you have a 289 00:15:30,320 --> 00:15:33,120 Speaker 1: reason to come back to them every day, and there 290 00:15:33,200 --> 00:15:36,520 Speaker 1: there is a way to keep you there. Um. You know, 291 00:15:36,560 --> 00:15:39,760 Speaker 1: Facebook certainly has found a way to do that. Yeah, 292 00:15:39,920 --> 00:15:41,800 Speaker 1: you've actually touched on something else that I thought I 293 00:15:41,840 --> 00:15:45,040 Speaker 1: would mention about Web two point oh, and that part 294 00:15:45,080 --> 00:15:47,000 Speaker 1: of the whole idea is that you can access the 295 00:15:47,080 --> 00:15:51,280 Speaker 1: web through multiple um means not just sitting at your computer, 296 00:15:51,360 --> 00:15:54,040 Speaker 1: but on say a cell phone or smartphone right or 297 00:15:54,120 --> 00:15:58,000 Speaker 1: tablet device or whatever. Um. That's another important part of 298 00:15:58,000 --> 00:16:00,520 Speaker 1: web two point oh. A good web two point site 299 00:16:00,560 --> 00:16:06,600 Speaker 1: would be accessible through multiple forms of electronic devices, so 300 00:16:06,680 --> 00:16:11,320 Speaker 1: that way a person can consume that product or service 301 00:16:11,400 --> 00:16:13,880 Speaker 1: or whatever however you wanted to find it, um in 302 00:16:13,920 --> 00:16:17,240 Speaker 1: the way that he or she prefers. So you might 303 00:16:17,320 --> 00:16:20,520 Speaker 1: have certain people who for example, Twitter is a great 304 00:16:20,560 --> 00:16:24,160 Speaker 1: example okay. Some people prefer to use Twitter just by 305 00:16:24,200 --> 00:16:27,920 Speaker 1: going to the Twitter website, reading the updates, and occasionally 306 00:16:27,960 --> 00:16:31,520 Speaker 1: updating from there. Some people prefer to download a client 307 00:16:31,640 --> 00:16:34,680 Speaker 1: to their computers so they can keep up with Twitter 308 00:16:34,760 --> 00:16:38,760 Speaker 1: updates throughout the day. Some people prefer to only interact 309 00:16:39,000 --> 00:16:41,720 Speaker 1: with Twitter through some sort of handheld device like a phone, 310 00:16:42,320 --> 00:16:44,680 Speaker 1: where they've either got a Twitter client on there, or 311 00:16:44,720 --> 00:16:48,760 Speaker 1: they're actually using the Twitter Phone API where they can uh, 312 00:16:48,800 --> 00:16:51,520 Speaker 1: I can update through text messages. UM. I don't know 313 00:16:51,560 --> 00:16:54,200 Speaker 1: anyone who does that specifically because it tends to eat 314 00:16:54,240 --> 00:16:57,040 Speaker 1: up your text messages pretty quickly. But I'm sure there 315 00:16:57,080 --> 00:16:59,400 Speaker 1: are people out there who do use that. I have 316 00:16:59,480 --> 00:17:02,640 Speaker 1: done that on occasion, but that's it's a good example there. 317 00:17:02,720 --> 00:17:05,480 Speaker 1: Twitter has really got the right idea as far as 318 00:17:05,800 --> 00:17:10,679 Speaker 1: giving users the most flexibility to to access that service 319 00:17:10,760 --> 00:17:14,320 Speaker 1: as possible, or Twitter kind of is still you know, 320 00:17:14,840 --> 00:17:18,520 Speaker 1: questionable as the whole business model angle. Um. Some of 321 00:17:18,560 --> 00:17:22,120 Speaker 1: these companies have great business models where they are clearly 322 00:17:22,160 --> 00:17:26,480 Speaker 1: making plenty of revenue. UM. There are other companies where 323 00:17:26,480 --> 00:17:30,880 Speaker 1: the business model is either emerging or still kind of murky, 324 00:17:30,880 --> 00:17:33,320 Speaker 1: where we're not really sure if they figured out a 325 00:17:33,320 --> 00:17:37,639 Speaker 1: way to monetize what they do. Uh, that's one of 326 00:17:37,680 --> 00:17:39,399 Speaker 1: the downsides of some of the folks who are on 327 00:17:39,440 --> 00:17:41,399 Speaker 1: the web is that they've got these great ideas of 328 00:17:41,600 --> 00:17:46,520 Speaker 1: ways of providing really compelling services or websites or whatever, 329 00:17:47,400 --> 00:17:52,080 Speaker 1: but they don't have the business expertise to find a 330 00:17:52,080 --> 00:17:55,280 Speaker 1: way of actually leveraging leveraging that to make money beyond 331 00:17:55,359 --> 00:17:58,439 Speaker 1: the initial investment. Sure, so I can get investors to 332 00:17:58,440 --> 00:18:01,560 Speaker 1: pour money into it, but again, when we look back 333 00:18:01,560 --> 00:18:03,960 Speaker 1: at the dot com crash, if you don't find a 334 00:18:03,960 --> 00:18:07,400 Speaker 1: way to generate revenue so that you can repay those investors, 335 00:18:07,880 --> 00:18:10,959 Speaker 1: then it just becomes a borrowing game until people are 336 00:18:11,040 --> 00:18:14,040 Speaker 1: no longer willing to lend you money. And once they've 337 00:18:14,040 --> 00:18:16,680 Speaker 1: figured out that you don't have a viable business model 338 00:18:16,720 --> 00:18:18,760 Speaker 1: and you're not making money, all you're do is spending 339 00:18:18,800 --> 00:18:22,639 Speaker 1: millions of dollars, they're not exactly likely to continue funding. 340 00:18:22,800 --> 00:18:24,560 Speaker 1: It becomes kind of like a pyramid scheme. You have 341 00:18:24,600 --> 00:18:26,920 Speaker 1: to keep asking more people to pay money so you 342 00:18:26,960 --> 00:18:29,480 Speaker 1: can pay back the investors from the previous round as 343 00:18:29,480 --> 00:18:32,520 Speaker 1: well as keep going. Yeah. Yeah, that that gets scary 344 00:18:32,920 --> 00:18:35,800 Speaker 1: really really fast. And in fact, a lot of us 345 00:18:35,800 --> 00:18:40,320 Speaker 1: have felt that Twitter was kind of on that path, because, um, 346 00:18:40,359 --> 00:18:44,600 Speaker 1: everyone recognizes that Twitter provides a very valuable service. But 347 00:18:44,800 --> 00:18:47,000 Speaker 1: until Twitter finds out a way of making money from 348 00:18:47,040 --> 00:18:49,400 Speaker 1: that valuable service, it's a question of how long are 349 00:18:49,400 --> 00:18:53,080 Speaker 1: people willing to pay money in the hope that eventually 350 00:18:53,119 --> 00:18:55,480 Speaker 1: Twitter will get its act together and pay back investments. 351 00:18:56,000 --> 00:18:58,880 Speaker 1: I'm not sure that everybody knows for sure that that's 352 00:18:59,280 --> 00:19:01,960 Speaker 1: very well vluable service. I'm sure that all the people 353 00:19:02,000 --> 00:19:05,240 Speaker 1: who have used Twitter and quit very early on in 354 00:19:05,280 --> 00:19:07,440 Speaker 1: Twitter does have quite a few of them. We call 355 00:19:07,480 --> 00:19:12,360 Speaker 1: them losers users. We don't call them that. I call 356 00:19:12,440 --> 00:19:16,720 Speaker 1: them users. Um, but no, I mean not everyone agrees 357 00:19:16,760 --> 00:19:18,600 Speaker 1: on that. But that's that's one of the things about 358 00:19:18,640 --> 00:19:21,280 Speaker 1: web two point. Now, there are plenty, plenty, plenty of 359 00:19:21,320 --> 00:19:25,439 Speaker 1: sites that offer variations of different things, and there's generally 360 00:19:25,520 --> 00:19:27,800 Speaker 1: a flavor that people will eventually hit on when they go, 361 00:19:27,800 --> 00:19:29,680 Speaker 1: oh wait, I like this one a little better because 362 00:19:29,680 --> 00:19:34,680 Speaker 1: it's got it's it's orange instead of green. Um, So 363 00:19:35,480 --> 00:19:38,359 Speaker 1: there's there's there's always somebody popping up with with a 364 00:19:38,400 --> 00:19:40,920 Speaker 1: new site these days, but the trick is to get 365 00:19:40,960 --> 00:19:43,359 Speaker 1: them to to stay on. And then of course people 366 00:19:43,400 --> 00:19:47,480 Speaker 1: ask about web three point Oh right, Well, I think 367 00:19:47,520 --> 00:19:49,920 Speaker 1: the big winner of web two point oh out of 368 00:19:50,000 --> 00:19:52,960 Speaker 1: everyone is the whole idea of the social network, although 369 00:19:53,040 --> 00:19:55,840 Speaker 1: ultimately you can say that the big winner is really Facebook, 370 00:19:55,960 --> 00:20:01,399 Speaker 1: at least for the United States. Um yeah, almost every 371 00:20:01,400 --> 00:20:04,439 Speaker 1: other social network at this point in the United States 372 00:20:04,480 --> 00:20:07,560 Speaker 1: isn't also ran, even my Space, which was ahead of 373 00:20:07,600 --> 00:20:09,719 Speaker 1: Facebook for a really long time. And then there were 374 00:20:09,720 --> 00:20:15,439 Speaker 1: a Friends too. Yeah, let's yeah, it's barely warranted a mention. Um, 375 00:20:15,520 --> 00:20:19,600 Speaker 1: there's my yearbook dot com. Don't go there, so they 376 00:20:19,760 --> 00:20:25,159 Speaker 1: But no, the this Facebook really definitely one out in 377 00:20:25,200 --> 00:20:27,440 Speaker 1: the long run. But the social networking idea, the whole 378 00:20:27,480 --> 00:20:30,360 Speaker 1: idea of connecting people together so that they can communicate 379 00:20:30,400 --> 00:20:34,480 Speaker 1: and participating games and that kind of thing, that really 380 00:20:34,520 --> 00:20:40,240 Speaker 1: took off, especially after like no, I'd say two thousand four, 381 00:20:40,320 --> 00:20:43,280 Speaker 1: two five, Um, that's when you really start seeing the 382 00:20:43,359 --> 00:20:46,880 Speaker 1: social networks start to ramp up. And then once Facebook 383 00:20:46,920 --> 00:20:48,639 Speaker 1: at the scene and that was what two thou seven 384 00:20:48,800 --> 00:20:51,919 Speaker 1: when they went public with everybody, Uh yeah, then it 385 00:20:52,000 --> 00:20:56,240 Speaker 1: really exploded. So yeah, moving on to web three point 386 00:20:56,240 --> 00:20:59,800 Speaker 1: what could that be? Well, the question is whether or 387 00:20:59,840 --> 00:21:02,880 Speaker 1: not it's even a meaningful term. I I honestly think 388 00:21:02,920 --> 00:21:06,240 Speaker 1: that at this point um. I think to some degree, 389 00:21:06,240 --> 00:21:09,600 Speaker 1: web two point oh is a valid term, especially if 390 00:21:09,640 --> 00:21:13,160 Speaker 1: you keep it in the concept of, uh what Dale 391 00:21:13,200 --> 00:21:17,120 Speaker 1: Doherty was thinking of. You know, these survived because they're viable, 392 00:21:17,160 --> 00:21:20,280 Speaker 1: that they can they can support themselves to that end, 393 00:21:20,320 --> 00:21:22,159 Speaker 1: I'm not sure there's ever really going to be a 394 00:21:22,200 --> 00:21:25,480 Speaker 1: Web three point I mean, we've made so many improvements 395 00:21:25,600 --> 00:21:29,520 Speaker 1: since the dot com bust, but those you know, improvements 396 00:21:29,520 --> 00:21:32,439 Speaker 1: have come gradually one by one. People sort of had 397 00:21:32,440 --> 00:21:35,359 Speaker 1: their head screwed on straight, both venture capitalists and the 398 00:21:35,680 --> 00:21:39,320 Speaker 1: people who create most of the uh, you know, the websites, 399 00:21:39,359 --> 00:21:42,560 Speaker 1: the new style websites with interactivity and and and that 400 00:21:42,640 --> 00:21:44,840 Speaker 1: kind of thing. I'm trying deliberately not trying to call 401 00:21:44,880 --> 00:21:48,000 Speaker 1: it web two point out. I mean, generally, it seems 402 00:21:48,040 --> 00:21:52,760 Speaker 1: like most most websites have an idea of what they're 403 00:21:52,800 --> 00:21:54,160 Speaker 1: you know, the the group of people that are trying 404 00:21:54,160 --> 00:21:56,800 Speaker 1: to reach, the business model they're going to do used 405 00:21:56,800 --> 00:22:00,959 Speaker 1: to sustain themselves, and you know, how they're going to 406 00:22:01,000 --> 00:22:03,720 Speaker 1: achieve their goals. And I'm not sure that there's a leap, 407 00:22:03,800 --> 00:22:07,359 Speaker 1: a significant leap, where there's a demarcation between web two 408 00:22:07,400 --> 00:22:09,080 Speaker 1: point oh and Web three point out that people are 409 00:22:09,080 --> 00:22:11,280 Speaker 1: going to point back and go, oh, this this is 410 00:22:11,320 --> 00:22:14,080 Speaker 1: actually when everything really changed and it's now web three 411 00:22:14,080 --> 00:22:16,920 Speaker 1: point out. I can think of a couple of possibilities, 412 00:22:16,960 --> 00:22:19,879 Speaker 1: although both are well really I can think of one possibility, 413 00:22:19,920 --> 00:22:23,440 Speaker 1: but it's really kind of a uh, you know, orwell again, 414 00:22:25,480 --> 00:22:28,680 Speaker 1: fat chance kind of thing, which is that Web three 415 00:22:28,680 --> 00:22:33,920 Speaker 1: point oh becomes Facebook is synonymous with web, or Google 416 00:22:34,080 --> 00:22:37,720 Speaker 1: is synonymous with Web. The idea being that you have 417 00:22:38,000 --> 00:22:41,640 Speaker 1: one company that is so good at defining the web 418 00:22:41,680 --> 00:22:44,840 Speaker 1: experience that it becomes the de facto definition of the 419 00:22:44,880 --> 00:22:50,959 Speaker 1: web experience and slowly eats up everything else until anything 420 00:22:51,000 --> 00:22:53,080 Speaker 1: else you would encounter on the web has to play 421 00:22:53,119 --> 00:22:56,439 Speaker 1: ball with that particular corporation. So, in the example of Facebook, 422 00:22:56,760 --> 00:22:59,040 Speaker 1: instead of having web pages that you would go and visit, 423 00:22:59,240 --> 00:23:02,040 Speaker 1: you would have all these ferent Facebook apps or Facebook 424 00:23:02,080 --> 00:23:04,320 Speaker 1: fan pages or whatever you want to call it, uh 425 00:23:04,400 --> 00:23:08,919 Speaker 1: to interact with different brands. Now, that would take years 426 00:23:09,280 --> 00:23:12,080 Speaker 1: for that to actually happen, but I could see it 427 00:23:12,160 --> 00:23:16,119 Speaker 1: happening if if, in fact, trends continued the way they do. 428 00:23:16,200 --> 00:23:20,560 Speaker 1: For example, the idea being that people are relying more 429 00:23:20,600 --> 00:23:24,960 Speaker 1: on sites like Facebook to find information they want and 430 00:23:25,240 --> 00:23:29,639 Speaker 1: ask their friends questions then they would going to a 431 00:23:29,680 --> 00:23:34,080 Speaker 1: traditional search engine. They also have to beat out Google 432 00:23:34,240 --> 00:23:36,640 Speaker 1: to get to that rule. Yeah, so Google and Facebook 433 00:23:36,760 --> 00:23:40,480 Speaker 1: might eventually face off against one another, or one might 434 00:23:40,520 --> 00:23:43,400 Speaker 1: try to buy the other one. Uh, that would be interesting. 435 00:23:43,680 --> 00:23:46,200 Speaker 1: I do have a different concept of what three point 436 00:23:46,200 --> 00:23:50,439 Speaker 1: oh might be. What's that the semantic web, that's a 437 00:23:50,600 --> 00:23:53,800 Speaker 1: great point. Yeah. Semantic web is where you start having 438 00:23:53,840 --> 00:23:58,960 Speaker 1: some artificial intelligence in the network so that the web 439 00:23:59,000 --> 00:24:02,639 Speaker 1: itself is respond ending very specifically to what you want 440 00:24:02,800 --> 00:24:06,280 Speaker 1: to see, so that it's it's kind of learning about 441 00:24:06,320 --> 00:24:09,199 Speaker 1: you as you use the web. It relies on a 442 00:24:09,240 --> 00:24:14,480 Speaker 1: technology called Resource Description Framework or RDF and UM and XML, 443 00:24:14,600 --> 00:24:20,280 Speaker 1: which is by a lot of people's terms successor to HTML, 444 00:24:20,320 --> 00:24:24,280 Speaker 1: although HTML five will probably call that into question. But basically, uh, 445 00:24:24,520 --> 00:24:28,320 Speaker 1: the difficulty in turning things turning the current web into 446 00:24:28,320 --> 00:24:32,680 Speaker 1: the semantic web is it requires people creating additional markup 447 00:24:32,840 --> 00:24:36,160 Speaker 1: for each page. Because what the semantic web is trying 448 00:24:36,160 --> 00:24:39,439 Speaker 1: to do is um it takes two different items and 449 00:24:39,440 --> 00:24:43,600 Speaker 1: puts them into a context, and that basically will help 450 00:24:43,680 --> 00:24:46,240 Speaker 1: you match up your interests to the interests of other 451 00:24:46,280 --> 00:24:49,800 Speaker 1: people and it makes connections very quickly or can but 452 00:24:49,880 --> 00:24:52,479 Speaker 1: it also requires people to learn this new technology and 453 00:24:52,560 --> 00:24:56,160 Speaker 1: implement this new technology. It will probably require new browser 454 00:24:56,200 --> 00:24:59,119 Speaker 1: technology in order to make that work. So it's not 455 00:24:59,280 --> 00:25:02,560 Speaker 1: a pure, in simple, as we know it right now, 456 00:25:02,600 --> 00:25:04,639 Speaker 1: web technology something that we can just throw into a 457 00:25:04,640 --> 00:25:06,600 Speaker 1: website and make it work. It's going to take quite 458 00:25:06,640 --> 00:25:08,800 Speaker 1: a bit of infrastructure managing in the back end. But 459 00:25:08,880 --> 00:25:11,159 Speaker 1: it is something I mean, you know, it's Tim Berners 460 00:25:11,240 --> 00:25:13,800 Speaker 1: Lee helps come up with it. So, I mean, it's 461 00:25:13,960 --> 00:25:16,240 Speaker 1: a really neat idea that it would make the web 462 00:25:16,280 --> 00:25:19,240 Speaker 1: more personal and more usable for a lot of people. 463 00:25:19,280 --> 00:25:21,440 Speaker 1: And in some ways there are some web two point 464 00:25:21,480 --> 00:25:25,520 Speaker 1: oh websites that sort of incorporate the concept behind it, 465 00:25:25,520 --> 00:25:28,760 Speaker 1: but it's not as efficient as purely what is described 466 00:25:28,800 --> 00:25:31,280 Speaker 1: as the semantic web, which requires again a lot of 467 00:25:31,280 --> 00:25:33,840 Speaker 1: markup on the back end. Right, So, first of all, 468 00:25:33,880 --> 00:25:35,800 Speaker 1: Tim Burners Lee for those of you who don't remember 469 00:25:35,800 --> 00:25:39,000 Speaker 1: as the guy who invented the World Wide Web. Yeah, 470 00:25:39,160 --> 00:25:42,480 Speaker 1: so that's why why Chris was a name dropping there. 471 00:25:42,520 --> 00:25:46,600 Speaker 1: But the yeah, the the whole um concept does require 472 00:25:46,640 --> 00:25:50,560 Speaker 1: lots and lots of work by human beings to make 473 00:25:50,880 --> 00:25:54,640 Speaker 1: the websites smarter. For lack of a better term, it's 474 00:25:54,840 --> 00:25:57,320 Speaker 1: smarter than quotes here right, so that you when you 475 00:25:57,359 --> 00:26:02,200 Speaker 1: are searching for something, the well quote unquote knows what 476 00:26:02,280 --> 00:26:05,199 Speaker 1: it is you're searching for. UM, as opposed to you know, 477 00:26:05,240 --> 00:26:07,560 Speaker 1: the old search engines. You would put in some keywords 478 00:26:07,840 --> 00:26:09,960 Speaker 1: and you would get a bunch of results, and the 479 00:26:10,119 --> 00:26:12,840 Speaker 1: quality of your results would largely depend upon the quality 480 00:26:12,840 --> 00:26:15,520 Speaker 1: of the keywords you used. So if you didn't use 481 00:26:15,600 --> 00:26:18,720 Speaker 1: the right keywords, or if used very generic keywords, you 482 00:26:18,840 --> 00:26:22,000 Speaker 1: might get tons and tons of responses, but only a 483 00:26:22,040 --> 00:26:24,200 Speaker 1: few of them would be relevant to what you actually wanted, 484 00:26:24,240 --> 00:26:26,159 Speaker 1: and you'd have to sort through them all. With the 485 00:26:26,200 --> 00:26:29,879 Speaker 1: semantic web, theoretically your search engine would be able to 486 00:26:29,880 --> 00:26:31,959 Speaker 1: figure out exactly what it was you were looking for 487 00:26:32,119 --> 00:26:34,960 Speaker 1: and return the things you wanted, and maybe even return 488 00:26:35,080 --> 00:26:37,960 Speaker 1: some stuff that you didn't know about but it has 489 00:26:38,040 --> 00:26:42,240 Speaker 1: determined you would also be interested in based upon those keywords. Yeah, 490 00:26:42,359 --> 00:26:44,320 Speaker 1: it would be uh, it would be a nice leap 491 00:26:44,359 --> 00:26:47,159 Speaker 1: forward or something very useful I think for most people. 492 00:26:47,240 --> 00:26:51,320 Speaker 1: But um, and nobody is just racing to get on 493 00:26:51,320 --> 00:26:53,840 Speaker 1: that bandwagon. Yeah, just to kind of them. Well maybe 494 00:26:53,840 --> 00:26:56,240 Speaker 1: not nobody, but few people are are racing it on 495 00:26:56,240 --> 00:26:59,000 Speaker 1: that bandwag and I've seen some other predictions, things like 496 00:26:59,040 --> 00:27:01,239 Speaker 1: the web three point o type thing would be more 497 00:27:01,280 --> 00:27:03,880 Speaker 1: of a three D experience where you have an avatar 498 00:27:04,040 --> 00:27:06,640 Speaker 1: wandering through the web. I honestly don't think that's gonna happen. 499 00:27:06,640 --> 00:27:09,720 Speaker 1: I don't think it's as efficient as using just very 500 00:27:09,760 --> 00:27:13,800 Speaker 1: simple links. Um. It's much more time consuming, and while 501 00:27:13,880 --> 00:27:17,119 Speaker 1: I can understand the science fiction appeal of it, uh, 502 00:27:17,160 --> 00:27:20,440 Speaker 1: in practice, I just don't see it being very useful. 503 00:27:20,600 --> 00:27:22,960 Speaker 1: And I think Second Life is a good example of that. 504 00:27:23,000 --> 00:27:25,320 Speaker 1: The Second Life was adopted by a lot of people 505 00:27:25,359 --> 00:27:27,360 Speaker 1: and then abandoned by a lot of people. There's still 506 00:27:27,400 --> 00:27:30,040 Speaker 1: people who use it and who still find value in it, 507 00:27:30,520 --> 00:27:33,600 Speaker 1: but um, but for the most part, I think people 508 00:27:33,680 --> 00:27:36,840 Speaker 1: realize that it's just not the most efficient way to 509 00:27:36,920 --> 00:27:38,800 Speaker 1: navigate through the web, and even though it's kind of 510 00:27:38,840 --> 00:27:41,960 Speaker 1: cool if you need to get something done, it's not 511 00:27:42,119 --> 00:27:44,280 Speaker 1: the route to go. Yeah. Yeah, I think it's one 512 00:27:44,280 --> 00:27:46,520 Speaker 1: of those things where there are just too many people 513 00:27:46,560 --> 00:27:49,080 Speaker 1: with too many different kinds of interests, and if there's 514 00:27:49,080 --> 00:27:51,440 Speaker 1: no money in it for people, then they're not going 515 00:27:51,480 --> 00:27:54,800 Speaker 1: to pursue it as a viable technology. And things follow 516 00:27:54,840 --> 00:27:57,879 Speaker 1: by the way sign, right, right, But We'll keep our 517 00:27:57,920 --> 00:27:59,720 Speaker 1: eyes open so if we do figure out what Web 518 00:27:59,760 --> 00:28:01,920 Speaker 1: three I know it's going to be. If anything, we'll 519 00:28:01,960 --> 00:28:05,199 Speaker 1: let you know and hopefully will be making money on it. Now, 520 00:28:05,240 --> 00:28:07,760 Speaker 1: if you have any ideas of what you think the 521 00:28:07,800 --> 00:28:09,399 Speaker 1: future of the web is going to be, right, let 522 00:28:09,480 --> 00:28:12,240 Speaker 1: us know. Are just as tech stuff at how stuff 523 00:28:12,240 --> 00:28:15,240 Speaker 1: boards dot com. Remember you can also follow us on 524 00:28:15,280 --> 00:28:18,560 Speaker 1: Facebook and Twitter. 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