Fundamentally, Web 3.0 is about using semantic technology to derive meaning from the vast accumulation of textual information out there on the Web and do something useful with it. If you want a slightly deeper dive on Web 3.0 then read What is Web 3.0 and Why Should I Care? but fundamentally it’s about semantic technology.
Pysdex uses such technology to parse information in real time for meaning, aggregating it and filtering it, and delivering it to various streamed services that it offers to its customers. The diagram below illustrates that process.
You don’t need to apologize for calling it Web 3.0. Of course the Web does not upgrade in one go like a company switching to Vista. But there is a definite phase transition from current technologies. My personal Web 3.0 definition is “the combination of Web 2.0 mass collaboration with structured databases”.