Ontologies play a crucial role in artificial intelligence (AI) by providing a structured representation of knowledge within a specific domain. An ontology defines a set of concepts, their relationships, and their properties in effort to capture the essential knowledge for a particular matter. This interesting topic came to us from Yahoo! Finance in their article, “Docebo Expands Generative AI Capability with the Acquisition of Edugo.AI Learning Technology.”
In many fields including finance, ontologies provide a common vocabulary and a shared understanding of concepts across different data sources or systems. They help integrate and harmonize heterogeneous data by mapping different data structures to a common framework. This enables AI systems to access and combine information from diverse sources, enhancing data interoperability.
Overall, ontologies play a pivotal role in AI by providing a structured and formal representation of knowledge, facilitating semantic understanding, supporting reasoning and inference, enabling data integration, and promoting knowledge sharing and reuse.
A controlled vocabulary is needed to ensure that the machine-assisted or fully automated indexing is comprehensive, regardless of what is to be indexed. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and make their information findable.
Melody K. Smith
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