How to Make It Faster and at Lower Cost? B2B Integration with Semantic Web Services

Web services and service oriented architectures present a new approach to application integration. While it is reasonable inside an enterprise, it has certain deficiencies when applied in a B2B environment. These deficiencies apply to the discovery, invocation and composition phases, which require considerable manual effort. In the paper, we show on example of a mortgage simulator how these deficiencies can be overcome by applying semantic Web services. The application is compatible with the Web services modelling ontology and makes use of an execution environment automating the processes of discovery, composition and invocation of semantic Web services, enabling faster and cheaper B2B application integration