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The Main Difference
The Semantic Web isn't just inevitable.
It is imminent.
http://bit.ly/J2yInC
Problem Statement
Current Approach
Everyone produces Data
From "Needle in a Haystack"
To "Needles in a Field of Haystacks"
Traditional BI Shortcomings
Searching instead of Knowing
Employee Hours Wasted per Task
were conceived ahead of time
We still have to MANUALLY collate the data
The Semantic Way
(NOW-???)
(The FUTURE)
(1991-2003)
(2004-2010)
"Smart Data"
Inference & Reasoning
XML
RDF
Ontologies
Semantics is not only for Business Intelligence
We can fix the Knowledge Gap at the Source
Inference Rules
Conventional
VS
Semantic
Semantics!
Be sure to read the Semantic Briefing Portfolio at
From Searching To Knowing - Spectrum of Knowledge Representation and Reasoning Capabilities
The Bottom Line
"Smart" Data/Applications
PDF password (case-sensitive): "Saraswati"
In Plain English
Knowledge Engineering
Practice
2
kNOW
NOW kNOW
What do the Experts Say?
The Semantic Web can assist the evolution of human knowledge as a whole.
Over the next decade, Web 3.0 will spawn multi-billion dollar technology markets that will drive trillion dollar global economic expansions to transform industries as well as our experience of the internet.
Tim Berners-Lee, "Inventor" of the Internet
Scientific American, 2001
Mills Davis, Semantic Wave Report 2008, Project 10X
This BI industry is estimated to be worth more than $100 billion and growing at almost 10% a year, roughly twice as fast as the software business as a whole.
Today’s business intelligence (BI) and reporting
systems are NOT designed for this on-the-fly creation of meaning. These systems lack the capability to capture and manage the semantics of the business in a more dynamic, scalable way.
Data, Data Everywhere
The Economist, Feb 2010
Semantic Technology Products & Services Opportunities
PWC Tech Forecast, Spring 2009
The real reason why the semantic web is inevitable at this point is because the business potential of a web of data — inside the enterprise and out in the public web — is becoming obvious and immense. Businesses are data-driven.
Systems that are able to “understand” and have far greater contextual awareness will provide a level of proactive assistance that was previously available only from human helpers. For scientists, this will mean deeper scientific insight, richer discovery, and faster breakthroughs.
Scott Brinker, President & CTO,
Ion Interactive, SemTech 2009
June 2009
Craig Mundie, Microsoft Chief Research & Strategy Officer
The Fourth Paradigm, Data-Intensive Scientific Discovery
Microsoft Research 2009
Top 10 Opportunities in the Enterprise
1 Information sharing
2 Semantic search, discovery, & navigation
3 Semantic mashups and composite applications
4 Semantic infrastructure / middleware SSOA, SBPM, SWS, virtualization, policy-based computing
5 Semantic business intelligence
6 Semantic ERP applications CRM, PLM, SCM, HRM
7 Semantic governance, compliance, & risk
8 Semantic web sites, wikis, collaboration, interest networking, & collective knowledge systems
9 Semantic advertising, marketing, personalization, & customization
10 Intelligent systems knowledge-based research, design, engineering, simulation, planning, scheduling, optimization, & decision support.
Mills Davis, Web 3.0 Manifesto, Project 10X, Oct 2008
By 2020, Mills Davis estimates
that the Entire BI Market will be Semantic
Semantic Wave
2010 - Total BI Market estimated at 100 Billion
Semantic Market estimated at 10 Billion
2015 -BI Market Size - 175 Billion
Semantic BI - 52 Billion
Source: Mills Davis, Project 10X
PWC Spring 2009 Tech Forecast
And that is just the Business Intelligence Market,
within the Next Decade, the majority of Information and Communication Technologies (ICT) will have Semantic Capabilities.
It is Inevitable. There is no other way ICT can cope up with
the Data Tsunami.