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What is Web 2.0 and Why it is Important? Part three
November 12, 2008

Benefits of Web 2.0
Web 2.0's impact is huge. Here we look at some of the benefits of Web 2.0:

New and Better Tools for Communication

Web 1.0 lacked interactivity. In Web 1.0 there was very little for a user to do but Web 2.0 is very User-Focused and highly interactive. In Web 2.0 it is achieved by better tools of Communication. And what's more many of these tools are free. For example, Blogs are great sources of communication and anyone can now setup a Blog in less than ten minutes for free and start communicating online.

Software as a Service

Web 2.0 has introduced a new concept 'Software as a Service' which has changed the Software Industry forever. 'Software as a Service' means software that exists on the Internet on a Website and is accessed through a Browser. You just subscribe for it, make payment online if needed and use it, that's just it.

Expenses Cuts and new Revenue Opportunities

With the help of Technologies emerging around Web 2.0 you can better position your company with your customers and significantly cut operational costs by streamlining all internal process. For example, consider HRM, Contact Management and Sales tools: which you can use on the Web now. These tools not only help you to cut your Business Expenses but also create new and bigger opportunities of Revenue Generation.

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