Web Services explained

From Business Week, What exactly are web services?

Web services refer to a set of programming standards used to make different types of software talk to each other over the Internet, without human intervention.
Like Hypertext Markup Language (HTML) that's the face of all Web programming, no one owns these technologies.
Web services can also refer to technology that's delivered to a consumer or business over the Internet. It means less up-front costs for the customer. It means the customer gets software updates more frequently. And it means the people who wrote the software -- the ones who know it best -- are the same people running it on a day-to-day basis.
Today's Web-service companies design their software from the ground up to be delivered over the Internet as a service. That's a big difference. It means their business model can scale, and the bigger they get, the more profitable they become because they're building on that initial research and development investment.

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