Differences between a thesaurus and a formal ontology

from SKOS Reference :

"... To understand this distinction, consider that the "knowledge" made explicit in a formal ontology is expressed as sets of axioms and facts. A thesaurus or classification scheme is of a completely different nature, and does not assert any axioms or facts. Rather, a thesaurus or classification scheme identifies and describes, through natural language and other informal means, a set of distinct ideas or meanings, which are sometimes conveniently referred to as "concepts". These "concepts" may also be arranged and organized into various structures, most commonly hierarchies and association networks. These structures, however, do not have any formal semantics, and cannot be reliably interpreted as either formal axioms or facts about the world. Indeed they were never intended to be so, for they serve only to provide a convenient and intuitive map of some subject domain, which can then be used as an aid to organizing and finding objects, such as documents, which are relevant to that domain.

To make the "knowledge" embedded in a thesaurus or classification scheme explicit in any formal sense requires that the thesaurus or classification scheme be re-engineered as a formal ontology. In other words, some person has to do the work of transforming the structure and intellectual content of a thesaurus or classification scheme into a set of formal axioms and facts. ..."