edmcouncil / fibo

The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.
https://spec.edmcouncil.org/fibo/
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FND-373 - Revise the FIBO ontologies to reuse concepts/properties from the Commons ontologies rather than from LCC LanguageRepresentation ontology #1894

Closed ElisaKendall closed 1 year ago

ElisaKendall commented 1 year ago

Description

Resolving this issue affects many of the ontologies in FIBO, and the work has been done in several steps as a consequence:

  1. Modified the ontologies to address changes to the Agents ontology with respect to incorporating the Commons designations / names / and handling tags in FIBO rather than depending on LCC for that property
  2. Replaced properties that were redundant from the Commons Collections ontology, such as hasConstituent, isConstituentOf, hasMember, and isMemberOf
  3. Replaced additional redundant properties from the Collections ontology including comprises and isIncludedIn
  4. Replaced Code Element and Code Set from LCC with the equivalent Commons concepts from the Codes and Code Sets ontology
  5. Updated the ontologies to use the Identifiers ontology in Commons rather than the same terms from LCC
  6. Replaced additional properties that are now redundant with Commons from the Relations ontology, allowing further elimination of LCC LanguageRepresentation elements such as the "has" property, including defines, isDefinedIn, describes, isDescribedBy and hasDescription

Fixes: #1893 / FND-373

Checklist: