With this post we begin a new sub-set under Journal, for Real-Time and Near-Real-Time material. The other similar sub-set is focused on True Cost.
Now, established companies and start-ups are scrambling to develop real-time Web applications for gaming, intuitive online searches, location services and customer support. The market potential is huge, tech analysts and others say.
Everything from cellphones to common digital cameras is “being turned into eyes and ears for applications,” says Tim O’Reilly, the founder of O’Reilly Media who is credited with inventing the term Web 2.0. “Data is being collected, presented and acted upon in real time. It’s all about immediacy and instantaneous data.”
The need for speed
The need for data speed has inspired O’Reilly to come up with a new phrase, “Web squared,” to describe the evolution of the Web as we know and use it. O’Reilly and John Battelle, founder of Federated Media Publishing, coined it in a white paper preceding their Web 2.0 Summit conference in San Francisco next month.