Tim Berners-Lee, "inventor of the World Wide Web," speaks about the launch of the next generation of his creation, the Semantic Web, in an interview run by MarketingProfs.
Whereas the web is now set up to help users find documents that may have the information you want, the Semantic Web would catalogue important data indicating the type of information, enabling a new dimension of archiving and search. The Semantic Web can therefore be thought of as a "smarter," more useful resource.
Berners-Lee says, "Yes, Google can claim to index billions of pages, but given the format of those diverse pages, there may not be a whole lot more the search engine tool can reliably do. We're looking at applications that enable transformations, by being able to take large amounts of data and being able to run models on the fly—whether these are financial models for oil futures, discovering the synergies between biology and chemistry researchers in the Life Sciences, or getting the best price and service on a new pair of hiking boots."