The document discusses the evolution from Web 1.0 to Web 2.0 and beyond. Web 2.0 is defined as using the internet as a platform enabling participation through user-generated content and social networks. Businesses are leveraging Web 2.0 by listening to customers, engaging with them through social media, and providing more efficient collaboration and customer service. New business models are emerging that provide low-cost online services and involve customers in product development through social communities.