1) The document discusses the evolution of the semantic web and linked data, from their initial visions to their current uses. It describes how linked data has focused more on sharing information as a graph and facilitating data integration, rather than the formal ontologies originally envisioned for the semantic web.
2) Key developments in linked data are highlighted, such as schema.org for web pages metadata and DBpedia for open data. However, limitations around costs, incentives and tool maintenance are noted.
3) Emerging areas are knowledge discovery through graph mining of linked data, and the potential for a more "sentient web" combining linked data with sensors and AI/ML for continuous learning.