This is the second of a two-part series discussing how Semantic Web Technology can enable Dynamic Business Applications in the enterprise. Read Part 1 of the article here.
Part 1 – Understanding The Semantic Value Proposition
The term “Semantic Web” has developed some interesting yet confusing connotations since it was first introduced in the early 2000’s. Those misconceptions include but are not limited to:
The current information management tools and techniques have not kept pace with the dramatic growth of data within the enterprise. Much of this new data is represented in an unstructured or semi-structured format. The volume of the data makes it unmanageable by humans and the structure of the data makes it unavailable for machine processing. This has created a situation where information is now hidden or lost within the enterprise. This lost information has a significant business impact in the form of unmanaged risk and lost opportunities for revenue or savings.
In many ways the practice of information technology has changed little over the past 30 years or so. It may not seem so on first appearance – but the premises upon which our current technologies are still operating are largely based on philosophical constructs that date back 30 years or more.
