He believes that web 2.0 is becoming very competitive between the companies. The company that figures out how to collect and deliver applications will indeed be the winner. It is important to note that users are the one that will add value to the applications that these companies provide. And now-in-days applications are increasingly data-driven. He believes that if a company has a hard-to-recreate source of data, it will be like the next Intel, and have the competitive advantage.
In building a new web 2.0 company you need to ask yourself what data do you own or control? What user facing services can you build against this data? And how can you make these data sources better as customers use them?
Tim believes that the key to web 2.0 is the harvesting of data from multiple sources. If you can harvest data from multiple sources you will have an advantage. For me an example of this is Google. Google has become such the player that a lot of different applications interact with your google login. Blogger is a prime example of this when you can use your login to create a webpage. You can also import address's of your friends and family into your facebook account. That integration is wonderful and is what helps to attract people to their website.
He goes on to talk about phones as the next big thing. The pc is no longer the only way of accessing internet applications. He cites that perhaps iTunes is the most important Web 2.0 Application to study as it evolved from user participation, it utilizes both the ipod, personal computer and the internet. Apple controls the music industry in the form of online music sales. Their phone is next :-)
As people utilize these applications new ones are created as the use of sensors and collective intelligence increases. From phones to web applications to second life, companies learn what their customers want. Web 2.0 is an evolution of social interactive experience.
