With due respect, I think you, and even more aggresiously Clay Shirkey, have been misrepresenting what the Semantic Web is, and critiquing based on that misunderstanding, not on the reality. Folks like Danny Hillis and Nova Spivack who were listening got
We believe that the enterprise ontology will become a cornerstone in many information systems in the future. In general terms, an ontology is an organization of a body of knowledge or, at least, an organization of a set of terms related to a body of know
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