The document discusses the successes and challenges of achieving the original vision for the Semantic Web. It summarizes that:
1) The Semantic Web has seen more usage and success than initially expected, with technologies like semantic search, linked open data, and RDFa being widely adopted.
2) However, the vision of a unified network of linked, machine-readable ontologies has not yet been fully realized. The ontology and vocabulary story remains unclear, and there is a gap between linked data practices and formal ontology languages.
3) Bridging this gap will require new formalisms that can model the behavior of incomplete, decentralized linked data at web-scale, as well as research to unify competing models
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