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Semantic Web as an Innovation Enabler

In: Driving the Economy through Innovation and Entrepreneurship

Author

Listed:
  • Ranjith Nayar

    (Mohanlal Sukhadia University)

  • K. Venugopalan

    (Mohanlal Sukhadia University)

  • Rajeshwari Narendran

    (Mohanlal Sukhadia University)

  • Smitha Nayar

    (Asinnova Innovation Management)

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.

Suggested Citation

  • Ranjith Nayar & K. Venugopalan & Rajeshwari Narendran & Smitha Nayar, 2013. "Semantic Web as an Innovation Enabler," Springer Books, in: Chiranjit Mukhopadhyay & K B Akhilesh & R. Srinivasan & Anjula Gurtoo & Parthasarathy Ramachandran & (ed.), Driving the Economy through Innovation and Entrepreneurship, edition 127, pages 475-486, Springer.
    • Handle: RePEc:spr:sprchp:978-81-322-0746-7_39
    DOI: 10.1007/978-81-322-0746-7_39
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