State Specialization in a Service Discovery Ontology: A Financial Services Business Grid.
David Bell, Simone A. Ludwig, Mark Lycett · IASSE · 2005
Investment Banking requires a diverse set of supporting systems in order to operate in a range of markets from corporate mergers to trading options on weather. The challenge to this community is ability to adapt to new business requirements in an effective manner, utilizing their network of capabilities in a flexible and dynamic way. A semantic approach to capability discovery can combine many strategic perspectives in a pragmatic yet easily usable form. The use of richer explicit knowledge, that is system readable, provides basis for discovering capabilities on this exemplar Business Grid the grid of services. Current research of semantic capability description in Grid community has tended to focus on resource selection rather than service discovery. This research explores practical usage of Grid services in financial market sector. The approach demonstrates need for distributed and phased semantic service discovery (with capabilities described and stored in a dynamic ontology).