After much research and exploration, it is clear that narrowing the definition of Web 2.0 involves many facets of elements and different layers of information. Thus, Web 2.0 is not a simple topic.
A much more technical meaning in its compact form can be seen by Tim O'Reilly (Founder and CEO of O'Reilly Media) (Source: http://radar.oreilly.com/archives/2005/10/web-20-compact-definition.html).
O'Reilly states: "Web 2.0 is the network as platform, spanning all connected devices; Web 2.0 applications are those that make the most of the intrinsic advantages of that platform: delivering software as a continually-updated service that gets better the more people use it, consuming and remixing data from multiple sources, including individual users, while providing their own data and services in a form that allows remixing by others, creating network effects through an "architecture of participation," and going beyond the page metaphor of Web 1.0 to deliver rich user experiences".
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