This news reported that ontology, far frome being an ideal high-order tool, is a 300-year-old hack, now nearing the end of his useful life. I really do not believe this view.
Ontologies, as the backbone of most of the existing and potential application, is becoming more and more important. They are mainly used to organize the fractal knowledge in our routine life by providing a structure "tree" whose branches and nodes are the knowledge points. What we have is a vast and increasing number of the information. What we do not have is the well-organized knowledge distilled from the information sources, which is the real internal energy to drive the application running. Ontology provides us an infrastructure for this internal energy. The applications built on the top of it will not only run intelligently but also collaborate seamlessly.
I don't think ontology is overrated. The truth is ontology is rated and needed badly!
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