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What Can Web 2.0 Do for Your Business? You might have heard of Web 2.0, but do you know what this new version of the internet means for your business? Get in step with the more collaborative, more interactive web of the future.

By Amanda C. Kooser

Opinions expressed by Entrepreneur contributors are their own.

Online Exclusive: For a closer look at the hottest Web 2.0 companies, see our exclusive slideshow.

I wrote this article using a word processor. That in itself is not unusual. But this particular word processor exists solely on the internet and comes with "download," "share" and "publish" buttons at the top of the screen. This is ThinkFree's internet office suite, and there's a whole lot of Web 2.0 going on here. It's an online application that would normally reside on a desktop. There's a built-in collaboration feature. And there are minor technical snafus to remind you that it's still in beta. It's a microcosm of where we're at with Web 2.0.

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