Tomorrow, the seminar-class has been canceled as our professor is attending a seminar of his own. It has been rescheduled to Thursday I’ll come back to that then.

While our professor is currently out of town, and even out of our country, we’ve stumbled upon several important questions regarding the transformation of XBRL into OWL, and thus ontologies.
Due to the fact an ontology is designed with several questions which cannot be answered easily in mind, and an XBRL-taxonomy is already set to answer some very specific questions (What was last year’s revenue? How much did we spend on housing? and so on), developing an ontology from that taxonomy is not of any use. When it is just to keep us busy, we can understand but while our professor isn’t able to explain to us what the added value of an ontology is during the group-sessions, we might as well ask him through an email.
And so it is. I’ve just sent an email to him posing several questions with the same subject: Why?

As we get to grips with our more existential questions, we also combined the already constructed ontologies and ‘instances’ to come to a better, more comprehensive and more elaborate version. We are very curious as to how our professor will grade our creation.
I’ll be posting updates soon!