Towards an Ontology Network in Finance and Economics

Glenda C.M. Amaral; Tiago Prince Sales; Giancarlo Guizzardi

doi:10.1007/978-3-031-11520-2_4

Towards an Ontology Network in Finance and Economics

Glenda C.M. Amaral^*
, Tiago Prince Sales
, Giancarlo Guizzardi

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

1 Citation (Scopus)

449 Downloads (Pure)

Abstract

Finance and economics are wide domains, where ontologies are useful instruments for dealing with semantic interoperability and information integration problems, as well as improving communication and problem solving among people. In particular, reference ontologies have been widely recognized as powerful tools for representing a model of consensus within a community to support communication, meaning negotiation, consensus establishment, as well as semantic interoperability and information integration. In domains like economics and finance, which are too large and complex to be represented as a single, large and monolithic ontology, it is necessary to create an ontological framework, built incrementally and in an integrated way, as a network. Therefore, in this paper we introduce OntoFINE, an Ontology Network in Finance and Economics that organizes and integrates knowledge in the realm on finance and economics, serving as a basis to several applications. We discuss the development of OntoFINE and present some of its applications.

Original language	English
Title of host publication	Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers
Subtitle of host publication	11th Enterprise Engineering Working Conference, EEWC2021
Editors	David Aveiro, Henderik A. Proper, Sérgio Guerreiro, Marné de Vries
Publisher	Springer
Pages	42-57
Number of pages	16
ISBN (Electronic)	978-3-031-11520-2
ISBN (Print)	978-3-031-11519-6
DOIs	https://doi.org/10.1007/978-3-031-11520-2_4
Publication status	Published - 17 Jul 2022
Event	11th Enterprise Engineering Working Conference, EEWC 2021 - Virtual Event Duration: 11 Nov 2021 → 12 Nov 2021 Conference number: 11 https://ciaonetwork.org/events/11th-enterprise-engineering-working-conference-eewc-2021

Publication series

Name	Lecture Notes in Business Information Processing
Publisher	Springer
Volume	441
ISSN (Print)	1865-1348
ISSN (Electronic)	1865-1356

Conference

Conference	11th Enterprise Engineering Working Conference, EEWC 2021
Abbreviated title	EEWC 2021
City	Virtual Event
Period	11/11/21 → 12/11/21
Internet address	https://ciaonetwork.org/events/11th-enterprise-engineering-working-conference-eewc-2021

Keywords

Ontology networks
Money
Value
Trust
Risk
Economic exchanges

Access to Document

10.1007/978-3-031-11520-2_4

ArticleAccepted author version, 664 KB

Cite this

Amaral, G. C. M., Sales, T. P., & Guizzardi, G. (2022). Towards an Ontology Network in Finance and Economics. In D. Aveiro, H. A. Proper, S. Guerreiro, & M. D. Vries (Eds.), Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers: 11th Enterprise Engineering Working Conference, EEWC2021 (pp. 42-57). (Lecture Notes in Business Information Processing; Vol. 441). Springer. https://doi.org/10.1007/978-3-031-11520-2_4

Amaral, Glenda C.M. ; Sales, Tiago Prince ; Guizzardi, Giancarlo. / Towards an Ontology Network in Finance and Economics. Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers: 11th Enterprise Engineering Working Conference, EEWC2021. editor / David Aveiro ; Henderik A. Proper ; Sérgio Guerreiro ; Marné de Vries. Springer, 2022. pp. 42-57 (Lecture Notes in Business Information Processing).

@inproceedings{21e2b0e9755a455cb1f509365732954b,

title = "Towards an Ontology Network in Finance and Economics",

abstract = "Finance and economics are wide domains, where ontologies are useful instruments for dealing with semantic interoperability and information integration problems, as well as improving communication and problem solving among people. In particular, reference ontologies have been widely recognized as powerful tools for representing a model of consensus within a community to support communication, meaning negotiation, consensus establishment, as well as semantic interoperability and information integration. In domains like economics and finance, which are too large and complex to be represented as a single, large and monolithic ontology, it is necessary to create an ontological framework, built incrementally and in an integrated way, as a network. Therefore, in this paper we introduce OntoFINE, an Ontology Network in Finance and Economics that organizes and integrates knowledge in the realm on finance and economics, serving as a basis to several applications. We discuss the development of OntoFINE and present some of its applications.",

keywords = "Ontology networks, Money, Value, Trust, Risk, Economic exchanges",

author = "Amaral, \{Glenda C.M.\} and Sales, \{Tiago Prince\} and Giancarlo Guizzardi",

note = "1. The current specification of OntoFINE is available at http://purl.org/krdb-core/ontofine. 2. The complete version of ROT in OntoUML and its implementation in OWL are available at http://purl.org/krdb-core/trust-ontology. 3. The complete version of ROME in OntoUML and its implementation in OWL are available at http://purl.org/krdb-core/money-ontology. 4. The complete version of COEX in OntoUML and its implementation in OWL are available at http://purl.org/krdb-core/economic-exchanges-ontology. 5. The complete version of COVER in OntoUML and its implementation in OWL are available at http://purl.org/krdb-core/value-and-risk-ontology. 6. The complete version of ROTwR in OntoUML and its implementation in OWL are available at http://purl.org/krdb-core/trustworthiness-requirements-ontology.; 11th Enterprise Engineering Working Conference, EEWC 2021<br/>, EEWC 2021 ; Conference date: 11-11-2021 Through 12-11-2021",

year = "2022",

month = jul,

day = "17",

doi = "10.1007/978-3-031-11520-2\_4",

language = "English",

isbn = "978-3-031-11519-6",

series = "Lecture Notes in Business Information Processing",

publisher = "Springer",

pages = "42--57",

editor = "David Aveiro and Proper, \{Henderik A.\} and S{\'e}rgio Guerreiro and Vries, \{Marn{\'e} de\}",

booktitle = "Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers",

address = "Germany",

url = "https://ciaonetwork.org/events/11th-enterprise-engineering-working-conference-eewc-2021",

}

Amaral, GCM, Sales, TP & Guizzardi, G 2022, Towards an Ontology Network in Finance and Economics. in D Aveiro, HA Proper, S Guerreiro & MD Vries (eds), Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers: 11th Enterprise Engineering Working Conference, EEWC2021. Lecture Notes in Business Information Processing, vol. 441, Springer, pp. 42-57, 11th Enterprise Engineering Working Conference, EEWC 2021
, Virtual Event, 11/11/21. https://doi.org/10.1007/978-3-031-11520-2_4

Towards an Ontology Network in Finance and Economics. / Amaral, Glenda C.M.; Sales, Tiago Prince ; Guizzardi, Giancarlo.
Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers: 11th Enterprise Engineering Working Conference, EEWC2021. ed. / David Aveiro; Henderik A. Proper; Sérgio Guerreiro; Marné de Vries. Springer, 2022. p. 42-57 (Lecture Notes in Business Information Processing; Vol. 441).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Amaral, Glenda C.M.

AU - Sales, Tiago Prince

AU - Guizzardi, Giancarlo

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Y1 - 2022/7/17

N2 - Finance and economics are wide domains, where ontologies are useful instruments for dealing with semantic interoperability and information integration problems, as well as improving communication and problem solving among people. In particular, reference ontologies have been widely recognized as powerful tools for representing a model of consensus within a community to support communication, meaning negotiation, consensus establishment, as well as semantic interoperability and information integration. In domains like economics and finance, which are too large and complex to be represented as a single, large and monolithic ontology, it is necessary to create an ontological framework, built incrementally and in an integrated way, as a network. Therefore, in this paper we introduce OntoFINE, an Ontology Network in Finance and Economics that organizes and integrates knowledge in the realm on finance and economics, serving as a basis to several applications. We discuss the development of OntoFINE and present some of its applications.

AB - Finance and economics are wide domains, where ontologies are useful instruments for dealing with semantic interoperability and information integration problems, as well as improving communication and problem solving among people. In particular, reference ontologies have been widely recognized as powerful tools for representing a model of consensus within a community to support communication, meaning negotiation, consensus establishment, as well as semantic interoperability and information integration. In domains like economics and finance, which are too large and complex to be represented as a single, large and monolithic ontology, it is necessary to create an ontological framework, built incrementally and in an integrated way, as a network. Therefore, in this paper we introduce OntoFINE, an Ontology Network in Finance and Economics that organizes and integrates knowledge in the realm on finance and economics, serving as a basis to several applications. We discuss the development of OntoFINE and present some of its applications.

KW - Ontology networks

KW - Money

KW - Value

KW - Trust

KW - Risk

KW - Economic exchanges

U2 - 10.1007/978-3-031-11520-2_4

DO - 10.1007/978-3-031-11520-2_4

M3 - Conference contribution

SN - 978-3-031-11519-6

T3 - Lecture Notes in Business Information Processing

SP - 42

EP - 57

BT - Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers

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A2 - Proper, Henderik A.

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A2 - Vries, Marné de

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Amaral GCM, Sales TP , Guizzardi G. Towards an Ontology Network in Finance and Economics. In Aveiro D, Proper HA, Guerreiro S, Vries MD, editors, Advances in Enterprise Engineering XV - 11th Enterprise Engineering Working Conference, EEWC 2021, Virtual Event, November 12, 2021, and December 16-17, 2021, Revised Selected Papers: 11th Enterprise Engineering Working Conference, EEWC2021. Springer. 2022. p. 42-57. (Lecture Notes in Business Information Processing). doi: 10.1007/978-3-031-11520-2_4

Towards an Ontology Network in Finance and Economics

Abstract

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Keywords

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