Abstract
This paper provides a synthesis of ontology research and one of its most significant application areas, the business discipline of Knowledge Management (KM). Despite the fact such a synergy is in great demand between consumers and suppliers of ontology technology, there is a lack of understanding on one side and a lack of realism on the other. Due to the lack of communication and understanding between ontology research and applied KM there is the danger that mainstream KM will remain neutral to ontologies, while research develops as a largely unguided exploration.
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