Ontologies in the Realm of Enterprise Modeling – A Reality Check

The Enterprise Modeling (EM) community has recognized formal ontologies as a promising instrument to address some of the challenges in the EM field. The studies have shown that the main benefits of applying formal ontologies in the realm of EM are the machine-reasoning, flexibility of the logic-based schema and ability to integrate easily a number of data sources. However, in order to realize the potential benefits, among others, formal ontologies fulfilling specific requirements need to be available. In this paper, we discuss a set of generic requirements towards formal ontologies in the realm of EM and check their fulfillment with the aim to identify directions of future work.