The EDM Council, in partnership with Object Management Group, began developing FIBO in 2015. This most recent advance incorporates Semantic Web standards including: the ability to generate unified modelling language diagrams, simple knowledge organization systems vocabulary, enhanced spreadsheets for business review, and machine-readable files in the W3C standard Web Ontology Language.
David Newman, chair of the FIBO initiative and senior vice president at Wells Fargo’s innovation group, calls
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