1. A method for creating OWL (Web Ontology Language) ontology from a UBL (Universal Business Language) process diagram, the method comprising: extracting, by a data converting computing device, at least one of one or more processes, one or more partitions, one or more activities, or one or more objects from the UBL process diagram; creating, by the data converting computing device, a first OWL class corresponding to the one or more processes assigned as instances to the first OWL class, a second OWL class corresponding to the one or more partitions assigned as instances to the second OWL class, a third OWL class corresponding to the one or more assigned as instances to the third OWL class, and one or more object properties, wherein the one or more object properties correspond to the one or more activities; assigning, by the data converting computing device, a domain and a range corresponding to each of the one or more object properties, wherein assigning the range to each of the one or more object properties comprises determining an object associated with each of the one or more object properties assigning the object as the range to each of the one or more object properties; generating, by the data converting computing device, an OWL ontology by adding the first OWL class, the second OWL class, the third OWL class, and the one or more object properties; and associating, by the data converting computing device, one or more rules with the one or more object properties, wherein the one or more rules capture the sequence of the one or more activities.