(openPR) - Semantic Web technologies are nowadays essential for
web-based applications. Leading analysts such as Gartner add Semantic
Web technologies to the key technology themes. Yet another field has
become increasingly important: Business Rules technologies are dealing
with the semantic representation of business processes and the
influence of business intelligence.
"The Business Rules community and Semantic Web community talk about the
same things, but by people with a different background. The Business
Rules community is driven by the practical experiences of business
people and business consultants while the Semantic Web community is a
vision of scientists driven by (mostly) scientific publications", said
Silvie Spreeuwenberg, co-founder and director of LibRT.
Based on this observation, a better understanding of each others work
is important to achieve a new vision: a 'semantic business' that
enables a practical approach to business problems. The aim of the
Semantic Web Days at the European Business Rules Conference is to get a
better understanding of the differences and similarities that exist
between the Semantic Web and Business Rules community.
Real-world applications scenarios for semantic technologies used in
Business Intelligence (BI) are developed within the RTD project MUSING
(MUlti-industry, Semantic-based next generation business IntelliGence),
co-funded by the European Commission, within the 6th Framework
Programme, Information Society. MUSING provides semantics-driven BI
services for three application areas with high social impact: Financial
Risk Management (FRM), Internationalisation and IT Operational Risk.
In one of the use cases in the FRM area we investigate the use of an
ontology infrastructure, together with rule-based and statistical
natural language processing, for guide the automated process of
extracting and merging relevant information from both structured and
unstructured (financial) documents. This process allows to include
qualitative information, typically contained in unstructured documents,
like news articles, in systems that are designed for rating and or
scoring companies, adding thus a high-level of semantics and
transparency to decision procedures towards credit accordance to
Thierry Declerck, senior consultant at DFKI and coordinator of the
research activities in MUSING will give a deeper insight of business
cases that kind at the European Business Rules Conference 2007.
Network of Excellence REWERSE - Reasoning on the Web with Rules and Semantics
REWERSE is a leading European research project on Reasoning on the Web.
REWERSE develops rule-based languages and applications to query and to
automatically reason over Web data. REWERSE's technologies thus enhance
today's conventional Web towards a more intelligent "Semantic Web".
The objectives are to develop a set of inter-operable rule-languages
supporting various forms of Web reasoning, to provide support tools for
reasoning on the Web like rule modelling, verbalization or
visualisation, and to test these technologies on various Semantic Web
application domains like personalisation, reasoning with time and space
or with Bioinformatics data. REWERSE aims to develop open pre-standards
of its technologies. As a W3C member REWERSE is involved in various
For more Information, please visit: www.rewerse.net
webXcerpt Software GmbH
Technology Transfer REWERSE
Tel.: +49 (89) 54 80 88 48
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