Nowadays, firms need to refocus the way they manage the knowledge generated from business processes in order to optimize their Information Systems’ performance. Business ontologies are an excellent tool for this. In this chapter, we briefly treat and highlight how important is companies invest efforts in a closer integration of their systems, with the aim of improving their performance and cooperation. This implies moving towards more efficient systems in their knowledge management. The big challenge for firms now is the semantic integration of information. Essential questions related to this question are synthetically introduced. Then, some of the most significant initiatives and projects on semantic integration of information are presented and compared with a business ontology we have developed for commercial use.
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