Towards adaptive ontology-based virtual business networks

Abstract

In the future scenarios of evolving business networks, enterprises will transform themselves into better forms by becoming "more intelligent". "Intelligent" means ability of a network or company to react and adapt to changing market opportunities and conditions. Consequently, a fast and easy docking and quick formation of network entities or new business partners providing needed competencies is vital. In this paper we propose an olltologybased methodology (ODAMY) allowing flexible ontology-based partner integration into existing or evolving business networks. On the basis of all empirical model describillg key criteria for successful parlner illtegratioll. we show how ontologies can be applied to support a fast, on demand integration of required resources. ODAMY will be outlined facilitating partner fit and matching seen as crucial functionalities in future dynamic business ecosystems. Our approach is presented using examples and ODAMY is introduced applying ontologies. ODAMY allows accessing and providing information in machine understandable form. © 2004 by Springer Science+Business Media New York.