WASET
	@article{(Open Science Index):https://publications.waset.org/pdf/3960,
	  title     = {The Impact of Semantic Web on E-Commerce},
	  author    = {Karim Heidari},
	  country	= {},
	  institution	= {},
	  abstract     = {Semantic Web Technologies enable machines to
interpret data published in a machine-interpretable form on the web.
At the present time, only human beings are able to understand the
product information published online. The emerging semantic Web
technologies have the potential to deeply influence the further
development of the Internet Economy. In this paper we propose a
scenario based research approach to predict the effects of these new
technologies on electronic markets and business models of traders
and intermediaries and customers. Over 300 million searches are
conducted everyday on the Internet by people trying to find what
they need. A majority of these searches are in the domain of
consumer ecommerce, where a web user is looking for something to
buy. This represents a huge cost in terms of people hours and an
enormous drain of resources. Agent enabled semantic search will
have a dramatic impact on the precision of these searches. It will
reduce and possibly eliminate information asymmetry where a better
informed buyer gets the best value. By impacting this key
determinant of market prices semantic web will foster the evolution
of different business and economic models. We submit that there is a
need for developing these futuristic models based on our current
understanding of e-commerce models and nascent semantic web
technologies. We believe these business models will encourage
mainstream web developers and businesses to join the “semantic web
revolution."},
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {3},
	  number    = {3},
	  year      = {2009},
	  pages     = {233 - 236},
	  ee        = {https://publications.waset.org/pdf/3960},
	  url   	= {https://publications.waset.org/vol/27},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 27, 2009},
	}