In an interview, Tim O’Reilly points out the big deal of Web 2.0 - it’s about the information:

That goes back to a major theme of web 2.0 that people haven’t yet tweaked to. It’s really about data and who owns and controls, or gives the best access to, a class of data. Amazon is now the definitive source for data about whole sets of products — fungible consumer products. EBay is the authoritative source for the secondary market of those products. Google is the authority for information about facts, but they’re relatively undifferentiated.

Information is the oil/gold/guns of the twentieth century.

Categories: Business and Economics, Distribution, Information Economics, Information Markets, Social Software, Technology