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 knowledge. At the time of this writing almost no enterprises in North America have a formal enterprise ontology. Yet we believe that within a few years this will become one of the foundational pieces to most information system work within major enterprises. In this paper, we will explain just what an enterprise ontology is, and more importantly, what you can expect to use it for and what you should be looking for, to distinguish a good ontology from a merely adequate one.
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