Unless you fully intend to use it, the word “exponentially” may be incorrect. It’s a precise word with mathematical meaning and replacing it with “widely” or simply omitting it altogether would convey the same message without the possible misuse of this overused and abused word.

“We urge that we” is cumbersome. How about “We must” or “We should?”

Grid computing is typically not associated at all with Web 2.0. One is a methodology typically used in high performance scientific computing and the other is a loose term describing applications on the World Wide Web. In fact, grid computing has nothing to do with the Web.

I know it’s hip and buzzword-worthy but I’d recommend dropping the grid computing reference completely. I’d also recommend you consider dropping the Web 2.0 references and simply reference examples of recently developed technologies as you already do. Web 2.0 is ill-defined and contested by some people. So it’s imprecise and may lose, confuse, or alienate some of your readers. Your text should (and does) stand on its own merits.