The document discusses the emergence of the semantic web, which aims to make data on the web more interconnected and machine-readable. It describes Tim Berners-Lee's vision of a "Giant Global Graph" that connects all web documents based on what they are about rather than just linking documents. This would allow user data and profiles to be seamlessly shared across different sites without having to re-enter the same information. The semantic web uses standards like RDF, RDFS and OWL to represent relationships between data in a graph structure and enable automated reasoning. Several companies are working to build applications that take advantage of this interconnected semantic data.