Web 2.0 summit and Facebook | SocialExcerpts

Web 2.0 summit and Facebook | SocialExcerpts

Web 2.0 summit and Facebook Oct 20

“Everything I want in a consumer OS is in Facebook,” – Salesorce.com CEO Marc Benioff

Web 2.0 summit 2011 took the stage from October 17 to October 19 in San Francisco. And Facebook seems to clearly steal the entire show, when industry leaders met to discuss the role of data in web businesses.

Tim O’Reilly, the founder of O’Reilly Media started the discussion by taking the cue from Peter Norvig, Director of Research, Google, who once described his company’s advantage as “We don’t have better algorithms, we just have more data”. Yes, data… it’s the pivotal point of discussion on Monday.

With social networking sites like Google Plus and Facebook, the meaning of data has completely changed. In Web 2.0 Summit, techies gathered to describe how mere data could be turned into meaningful information for your business.

When O’Reilly took off the dialogue, Marc Benioff, the CEO of Salesforce quoted, “We’re on the threshold of a new industry with data”. He exemplified Facebook as the visionary to the new direction. He told, “I really think that Facebook is becoming a vision and execution of the next generation consumer operating system.”

When everyone was applauding Facebook for its data storage technique, its former president had something different to say.

Sean Parker, who was also there, confirmed that the biggest threat for Facebook is not its privacy concerns, but its huge repository of data. As a Facebook shareholder, he did not comment much on this issue, but he mentioned that FB’s glut of information may cause trouble for the power users, which in turn may push these users to another social networking channel like Twitter or G+.

The solution? As suggested by Napster founder Parker, Facebook should concentrate on making tools, which would help its users to manage and control their data effectively.

Truly as Parker said, “today’s creepy is tomorrow’s necessity”.

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