Facilitating Ontology Development with Continuous Evaluation
Dejan Lavbi\v{c}, Marjan Krisper

TL;DR
This paper introduces a continuous evaluation approach for ontology development, guiding users through quality assessments and recommendations to improve ontology completeness and correctness, especially aiding non-technical users.
Contribution
It presents an ontology completeness indicator and evaluation framework that simplifies ontology development for non-experts, demonstrated on a financial ontology with comparative analysis.
Findings
Effective guidance for ontology development process
Improved ontology quality through continuous evaluation
Successful application on Financial Instruments and Trading Strategies ontology
Abstract
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.
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Taxonomy
TopicsSemantic Web and Ontologies · Advanced Database Systems and Queries · Data Management and Algorithms
