If the Web evolves as expected, online information will be encoded in the XML-based
semantic language layers of RDF, RDF Schema, and OWL. Ontologies will emerge
in various domains, including those of financial services and reporting. To adapt
FIRST to the Semantic Web, we will teach it to convert extracted facts into semantic
facts that, unlike XBRL, reference terms in some RDF-based financial ontology.
These semantic facts can then be automatically discovered by automated agents on
Conlon, Lukose, Hale, and V njamur
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the Web. We will also build our own Web service on top of the FIRST knowledge
base, to provide explicit informational functions based on FIRST knowledge.
Conclusion
For e-business systems to maximally empower those seeking informational advantage
in the fast-moving world of business, these systems must present accurate, timely,
and relevant information. Much of this information becomes available quarterly,
monthly, weekly, daily, or hourly, in the form of corporate reports or online news
articles which are prepared for the human reader.
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