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What actually is Web 2.0 and why should you care?

Yesterday was the start of the Web Innovation Summit in Mumbai and the first panel, for which I was the moderator, focused on 'What is Web 2.0'. At first glance, it would look like its a dumb topic, especially when the audience is predominantly from the technology industry. You would of course expect them to know what Web 2.0 is. Right? Well, you expected wrong. It may be over three years that Web 2.0 has been in vogue, yet there's still a lot of ambiguity to what it stands for. A quick googling for the definition will surprise you in the versatility of the answers. Tim Berners-Lee, the ...