Ontologies have been explored as alternatives to traditional relational databases for some time, particularly in sectors such as manufacturing and microbiology. Their application in finance could possibly be game-changing due to several key benefits of an ontological approach.
Article
Enabling More Efficient and Flexible Reporting Through Semantic Ontologies and FIBO
By Oliver Browne, Nenad Krdzavac, Philip O'Reilly, Mark Hutchinson, David Saul, Daire Lawlor, Daragh McGetrick
Posted May 18, 2017 | Technology | Amplify
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