March 5, 2008

How Much Is That Ontology?

Ontologies are expensive to build. By now thats known to everyone and we have lots of people thinking about how they can justify the cost of building an ontology for their enterprise. Entirely wrong question - most companies don't need an ontology at all, they should go and bugger the data wharehousing companies. And another misconception is that when people think of 'expensive ontologies' they think its the formalization that makes it costy - na, for all meaningfull ontologies its creating the shared model of the domain; writing it down doesn't add that much and might even help.


And I just realized that the machine in 'shared machine understandable model of a domain' can mean soo much more than just being able to use reasoners with it - just have a look at the project to create the international barcode of life (here at Wikipedia, or watch the TechTalk embedded below)



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