The Value of Ontology

Mark von Rosing, Wim Laurier, and Simon M. Polovina

Abstract

This chapter introduces ontologies as versatile artifacts that can be applied for knowledge and data management. It argues that ontologies can support knowledge management at two levels of abstraction: (1) at the highest level, by providing the fundamental concepts for the development and evaluation of the conceptual modeling grammars (e.g., business process modeling notation) that are used to document corporate knowledge; and (2) at the lowest level, by structuring the knowledge itself. In this chapter, ontologies are classified according to their level of context dependency and maturity. Along with the classification of ontologies, examples of ontology applications ...

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