Facilitating Ontology Development with Continuous Evaluation
This addresses the problem of technical barriers in ontology development for business users and developers, though it appears incremental as it builds on existing methodologies.
The paper tackles the complexity of ontology development by introducing a continuous evaluation approach with an ontology completeness indicator, guiding developers through steps and improving quality, demonstrated on the Financial Instruments and Trading Strategies (FITS) ontology with comparisons to other methods.
In this paper we propose facilitating ontology development by constant evaluation of steps in the process of ontology development. Existing methodologies for ontology development are complex and they require technical knowledge that business users and developers don't poses. By introducing ontology completeness indicator developer is guided throughout the development process and constantly aided by recommendations to progress to next step and improve the quality of ontology. In evaluating the ontology, several aspects are considered; from description, partition, consistency, redundancy and to anomaly. The applicability of the approach was demonstrated on Financial Instruments and Trading Strategies (FITS) ontology with comparison to other approaches.