From traditional to contemporary perspectives, core objective of the businesses has been to manage business operations so that enables business to achieve the competitive advantage over competitors (Dean, DiGrande, Field, and Zwillenberg, 2012). Since introduced information technology has been a constantly upgrading paradigm and so business are attempting to align the functions developing more concrete connections within and outside business environment. hence, entire stakeholders. Technology expansion has changed the perspectives and businesses are now being viewed as system having core components of input, process and output. Around these core components, business processes are continuously evolving for improvement with changing dynamics mainly arising from other perspectives. Broadly the sequence can be regarded as the information technology to recent integration of semantic technology in business processes.
Thereby, the report herein attempts to explore the contribution of semantic technology in improving specific business areas of business process management and e-business conduct. In addition to specifically explore the understudy perspectives the report has developed the detailed reference with respect to technological banking leader Citibank. DISCRIPTION OF THE THEORY SEMANTIC BUSINESS PROCESS MANAGEMENT Business process management has over years achieved success to a great extent automating the critical components of the life cycle of business process. Semantic business process management has an objective of attaining process space in an organization to an increased level of knowledge. Success in achieving the process space in the organization benefits business with reasoning with respect to entire business processes including combination as well as execution of process. Integration of semantics technologies in business process management is achieved with the use of ontology that facilitates the semantic information to the business process. Further, business process automation is enhanced with provision of the semantic web techniques. Business ontology is build using conceptualized core Semantic Web Services as well as Web Service Modeling Language. Sample organizational is depicted in the image below: (Pedrinaci, Domingue, and Brelage, ) As visible from the image above the organizational ontology has various segments and connection between the resources, structure, functions, policies, setup and strategies. The interconnection built between various aspects being facilitated by the core components of the semantic integration in the business process. These interconnections enhance the role of bidirectional interconnection in the business process. Hence, business process management has gained gain efficiencies in entire processes specifically the bottleneck avenues of business processes. ORIGIN AND EVOLUTION OF THEORY Over years of development, information systems are attempting to enhance the dual perspective in the computers’ languages. first, increasing computers capacity to enhance understanding the human language with greater comprehension and intelligence while second refers to techniques aimed at providing existing content with labeling related to the domain (Mika, Elfring, & Groenewegen, 2006. Warren, Thurlow, & Alsmeyer, 2006).