Wednesday, April 20, 2005

Assignment 2: Semantic Web

Like me you may not have heard of the Semantic Web, yet it is the next logical step in making the web a data work horse. The web as we know from the time of its creation has been a mix bag of data floating around-one just needs to perform a google search to see what sort of data is returned. The W3 consortium vision supplied in the two articles has the web working more along the lines of a relational database where data makes sense. Make sense of all the data on the web? Yes that is what a Semantic Web will do. The semantic web will be a standard that is built on tools already in existence today, such as XML and RDF. It shall allow data to be easily shared through the web and web applications. This sharing is made possible by the Semantic Web standard of allowing data to be combined with other data from other sources and automated so that the requesting system will receive the data in a meaningful and usable format. This is then further extended that the requesting system can communicate out creating a complete communication link to all meaningful data on the web.
How will any of this be of any use to e-commerce? The Semantic Web could revolutionize how e-commerce functions as e-commerce could no longer require human interaction at all. A business could create their Semantic Web and their supplies would automatically be available any system of internal or external business units. Nearly the entire purchasing model could be automated through the Semantic Web.. Not only would this benefit B2B e-commerce, but customers wouldn't have to go shopping through search sites any longer as the best available price of the item could be found by doing a filter across the entire Semantic web of the best available price.

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