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2008 | OriginalPaper | Buchkapitel
Ontologies: State of the Art, Business Potential, and Grand Challenges
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In this chapter, we give an overview of what ontologies are and how they can be used. We discuss the impact of the expressiveness, the number of domain elements, the community size, the conceptual dynamics, and other variables on the feasibility of an ontology project. Then, we break down the general promise of ontologies of facilitating the exchange and usage of knowledge to six distinct technical advancements that ontologies actually provide, and discuss how this should influence design choices in ontology projects. Finally, we summarize the main challenges of ontology management in real-world applications, and explain which expectations from practitioners can be met as of today.