In the early days of the World Wide Web the relative simplicity of HTML markup made it easy to learn how to build and publish websites, lowering the barrier to entry and fueling explosive growth. However, most of these sites featured content that was static. That is, completed information was published to the web, but subsequent changes, additions, or corrections could only be made by the website owner. In many ways it still reflected the traditional paper model of create and publish, with just the delivery mechanism changed.
If you wanted to contribute something to the subject covered by a particular website, there were usually only two options:
The wiki model allows direct editing of a web page, which enables a single website to develop into a central resource where subject matter experts can comment, challenge, and contribute within the same web page. The inherent conversation is made visible. It reduces (although will probably never eliminate) duplication of effort and in general means that the information presented is more likely to be timely and accurate.