Taxonomy versus Ontology
As people begin to get deeper into knowledge management and semantic webs,  they start to talk about taxonomies and ontologies, sometimes as if the two were  synonyms.
 Put simply, an ontology is a  specification of the characteristics of a domain.  In other words,  precisely what it mean for something to be in a particular domain.
 A taxonomy is simply a  hierarchical categorization or classification of entities within a  domain.
 For example, when people talk about clustering of search results, they are  actually talking about arranging search results in a taxonomy, where that  taxonomy is determined by the ontological characteristics of each search  result.
 Another way of looking at it is that an ontology is the set of all possible  characteristics of the entities in a domain and a taxonomy is simply  grouping of subsets of the domain based on common characteristics that have been  chosen for the particular taxonomy.
 Note that there isn't a strict one-to-one relationships between the  ontology of a domain and a taxonomy.  There may be any number of taxonomies  for a domain (or ontology), based on any number of chosen subsets of ontological  characteristics.
 
7 Comments:
thnx for the useful tip !
thnxs a lot! really help
Still don't get it.
check out:
http://infogrid.org/wiki/Reference/PidcockArticle
Thank you very much for this precious clarification.
would you also say an ontology is primarily knowledge classification for the purpose of knowledge discovery, whereas is simply classification?
I find this explanation about ontologies and taxonomies very helpful.
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