From the W3C:

The Semantic Web is a Web of Data — of dates and titles and part numbers and chemical properties and any other data one might conceive of. The collection of Semantic Web technologies (RDF, OWL, SKOS, SPARQL, etc.) provides an environment where application can query that data, draw inferences using vocabularies, etc.

However, to make the Web of Data a reality, it is important to have the huge amount of data on the Web available in a standard format, reachable and manageable by Semantic Web tools. Furthermore, not only does the Semantic Web need access to data, but relationships among data should be made available, too, to create a Web of Data (as opposed to a sheer collection of datasets).

This collection of interrelated datasets on the Web can also be referred to as Linked Data.

For more information see: