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RuleML - Where Web Rule Research Meets Industry

RuleML is an open international network of individuals and groups from both industry and academia, with shared interests in rules, and especially rules on the Semantic Web. A recent, relevant, development is the W3C’s Rule Interchange Format (RIF) which attained Recommendation status in June 2010. Of the 56 people in the RIF Working Group, 17 are RuleML participants. Come and join us for this free event at the Washington Semantic Web and learn all about the latest RuleML efforts.

Program
18:30-18:45 Introduction - Harold Boley and Adrian Paschke (RuleML Initiative)
18:45-19:25 Exciting New Areas for Rules - Paul Vincent (TIBCO Software)
19:25-20:05 Semantic Web Rules for Financial Risk Management - Benjamin Grosof (Vulcan, Inc. and Benjamin Grosof and Associates, LLC)
20:05-20:30 QA
20:30-21:00 Closing


Exciting New Areas for Rules
Paul Vincent, TIBCO Software

Abstract. Although rule technology has been (a) subject to research and (b) deployed in useful applications for many years, it is still an active area for new developments and progress. Consider:


  • the "democratisation" of business logic in applications from BRMS tools
  • the advanced of EDA with CEP a valid area for applying rules to find event patterns and make event-driven decisions
  • the onset of standards bodies' interest in rule representations, such as W3C RIF and OMG PRR

So let us take a look at some of the application areas and findings for rules technology (in this case, from TIBCO Software) and see what sort of interesting work is being done using rules in different industry domains.

Semantic Web Rules for Financial Risk Management
Benjamin Grosof, http://www.mit.edu/~b...
Vulcan, Inc. and Benjamin Grosof and Associates, LLC

Abstract. We discuss the prospects for use of semantic web rules in the area of financial risk management, including governmental regulation and management of global system risk.
A NSF workshop [1] was recently held on knowledge representation and info integration overall for this arena, which is a critical challenge to the US and world economy. It had lessons learned about the usefulness of semantic web rules in three areas:


  • representing financial contracts;
  • ontological mapping for information integration; and
  • representing confidentiality/trust policies.

An exciting and historic opportunity is to engage with the planned formation of a new major Office of Financial Research (OFR) [2] within the US Treasury Dept., mandated by the recent US financial reform act. [1] http://www.nsf-fiw.um...
[2] http://www.ce-nif.org... (NB: OFR was originally called NIF) If you plan or if you would like to attend the full RuleML 2010 - The 4th International Web Rule Symposium you can take advantage of a 15% discount if you use our special registration code "SemWeb".

RuleML 2010 is RuleML’s 4th International Web Rule Symposium. It will run from October 21 – 23, 2010, and is co-located with the Business Rules Forum (www.businessrulesforum.com) at the Hilton Alexandria Mark Center, Alexandria, VA, USA.

http://2010.ruleml.or...

RuleML 2010 will have a small exhibition and demonstration area on the afternoon of Thursday October 21. From 3:00 pm onwards, Semantic Web Meetup members are welcome to visit it, and meet some RuleML people before the planned evening meetup. Or they might consider registering and meeting RuleML people for the whole three days. Please consider to submit a demo to the International Rules Challenge. There is still some time left.

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  • Brian H.

    RuleML sounds like a valuable initiative pushing the boundaries on rule languages for semantic applications. The briefing by Ben Grosof was especially interesting and highlights the prospects for defeasible reasoning using RIF-SILK. Other rule languages lacking support for exceptions are inadequate in many domains, such as the Financial modeling that Ben described.

    October 22, 2010

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