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April 10, 2011 06:00 pm GMT

The New Information Age

LinkedIn Founder Reid Hoffman said, recently, "that if Web 1.0 involved go search, get data and some limited interactivity, and if Web 2.0 involves real identities and real relationships, then Web 3.0 will be real identities generating massive amounts of data."Reid is a visionary and certainly had this right. But the information that Reid described is just the tip of the iceberg. We are already gathering a thousand times more data than that. The growth is exponential, and the innovation opportunities are even bigger than Silicon Valley can imagine they are.I'm going to explain why I believe this. But let me start with a short history lesson.

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