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Conceptual modeling captures descriptions of business entities in terms of their attributes and relations with other business entities. When those descriptions are needed for interoperability tasks between two or more autonomously developed information systems ranging from Web of Data with no a priori known purposes for the data to Enterprise Information Management in which organizations agree on (strict) rules to ensure proper business, those descriptions are often captured in a shared formal specification called an ontology. The authors present the method Business Semantics Management (BSM), a fact-oriented approach to knowledge modeling grounded in natural language.
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