This document provides an overview of Web 2.0 and proposes an approach for senior IT management to assess adopting Web 2.0 solutions. It discusses drivers like shifts in demographics, the rise of mobile devices, and growth in emerging markets. It also covers opportunities like improved innovation and engagement, as well as risks around information security, systems vulnerabilities, and legal compliance. The author recommends a comprehensive approach including analyzing the firm's landscape, defining a target state, developing a roadmap, and establishing governance to successfully implement relevant Web 2.0 solutions.