21. The non-transitory computer readable medium of claim 7 further having stored thereon instructions that when executed by the processor cause the processor to perform steps further comprising: computing all inferred types in the OWL ontology.
7. A non-transitory computer readable medium having stored thereon instructions for creating OWL (Web Ontology Language) ontology from a UBL (Universal Business Language) process diagram comprising machine executable code which when executed by at least one processor, causes the processor to perform steps comprising: extracting 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 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 assigned as instances to the second OWL class, a third OWL class corresponding to the one or more objects 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 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 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 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.