This page presents relevant information to clients regarding the Ontology update of February 2024
What is an Ontology update?
The Ontology is the "dictionary" that guides Datamaran's AI engine in interpreting content. It is composed of three levels: topics, factors, and terms.
Datamaran regularly reviews, adapts, and adds to the Ontology to ensure it is as comprehensive and representative as possible of the ESG+ risk, opportunity, and impact landscape; this ensures the best markers and takeaways for clients.
What is new in this Ontology update?
New topics to consider in issue mapping:
A new topic has been created covering Outer space management. This is most relevant for companies involved in aerospace and telecommunications.
A new topic has been created covering Ambient pollution. This replaces and extends the scope of the previous topic Noise pollution.
New and remodeled factors automatically accounted for:
Experiential purchases & luxury consumer demands was added to the topic Changing consumption patterns.
Artisanal production added to the topic Local economy support.
The topic Business model innovation saw the following updates:
Mobile banking & digital wallets remodeled from the factor Fintech
Cloud & edge computing remodeled from the factor Cloud computing andQuantum technologies.
Lab-grown food added to Biotechnology & ethical considerations
Climate justice added to Climate change risks & management
Pet health, nutrition & wellbeing was added to Animal welfare
Transition-enabling energy services remodeled from the factor Energy transition & supporting instruments under the Transition to renewable energy topic.
Distributed ledger technologies remodeled from the factor Blockchain under the Advanced technologies & innovations topic.
Further details and descriptions are available on our list.
How will this update affect your analyses?
Existing analyses will not be affected until they are re-run or a new monitoring version is generated.
This Ontology update reflects the most accurate information at this point and provides the best representation of stakeholder priorities. However, for existing analyses being monitored, there may be minor monitoring anomalies for issues including topics outlined above that will be smoothed when the subsequent monitoring version is generated.
How can you make use of the updated Ontology?
Clients should consider their issue mappings and whether they want to include any of the new topics in their Analysis and Executive Dashboard analyses. It is highly recommended to consider the inclusion of these topics in any new analyses; they can be easily added to the relevant issues in the Issue Mapping module. If you're unsure of where to start, have a look at the default Issue Mapping template for your sector.
After the Ontology update, all reruns of analyses will utilize the latest Ontology.
Where else can you go for questions or help?
Clients can use the chat feature in Datamaran at any time to chat live with one of our experts or get in touch with their Customer Success Manager.