Ontology is a formal representation of knowledge that defines the concepts, entities, relationships, and properties within a specific domain. The essence of an ontology lies in its ability to structure and organize information in a way that facilitates better understanding, reasoning, and communication among both humans and machines. Ontologies serve as conceptual frameworks that capture the semantics and interconnections of entities within a domain, enabling AI systems to navigate and process complex information more effectively.
Ontologies are used to establish a common understanding of concepts and terms in various applications, such as semantic web development, natural language processing, and knowledge representation. They define hierarchies, taxonomies, and properties that reflect the relationships between entities, helping to reduce ambiguity and enable accurate information retrieval. Ontology also about involves encoding domain expertise and enabling machines to reason about the world in a human-like manner.
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