Semantic Web as an Innovation Enabler

Ranjith Nayar (), K. Venugopalan (), Rajeshwari Narendran () and Smitha Nayar ()
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Ranjith Nayar: Mohanlal Sukhadia University
K. Venugopalan: Mohanlal Sukhadia University
Rajeshwari Narendran: Mohanlal Sukhadia University
Smitha Nayar: Asinnova Innovation Management

A chapter in Driving the Economy through Innovation and Entrepreneurship, 2013, pp 475-486 from Springer

Abstract: Abstract We examine the role of Web 2.0 and Web 3.0 in enabling innovation and their effects on organizations, with examples of financial and technology enterprises. While Web 1.0 plays significant roles in collaborative innovation, easing professional connectivity among peers, Web 2.0 facilitates open innovation to corporations. Meanwhile, Web 3.0 (Semantic Web), in its infancy, is about machines talking to machines, enabling machines to understand the meaning of information on the Web, making the Web more “intelligent.” It could institutionalize open innovation. We examine geographic tilts in the nature of innovation and discuss our study to deploy Semantic Web in an extended enterprise and our survey results.

Keywords: Innovation Management; Asian Company; Business Model Innovation; Collaborative Innovation; Semantic Cluster (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-81-322-0746-7_39

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DOI: 10.1007/978-81-322-0746-7_39

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