The paper presents an approach to the semantic modelling and annotation of business processes and information resources, as it was designed within the FP7 ICT EU project SPIKE to support creation and maintenance of short-term business alliances and networked enterprises. A methodology for the development of the resource ontology, as a shareable knowledge model for semantic description of business processes, is proposed. Systematically collected user requirements, conceptual models implied by the selected implementation platform as well as available ontology resources and standards are employed in the ontology creation. The process of semantic annotation is described and illustrated using an example taken from a real application case.
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