A method and
system for generating answers to questions based on
electronic data summary which is itself derived on context and
semantics of a corpus of authoritative documents and its subsequent usage is disclosed. The method and
system provides for generating a taxonomy of concepts, assigning unique-identifiers and weights to the taxonomy concepts using a given corpus of
electronic data, using the taxonomy to identify the
semantics of the document to be summarized, generating an ontology from a summarized authoritative text, having the ontology generation and the summary generation in a
feedback loop, selecting text from a given document based on the weights of unique-identifiers in the taxonomy / ontology, sentences as a summary and
pruning of the
list based upon an entropy threshold, and the presence of a probability distribution, publishing of the summary in a known format on
server or any other
software / hardware platform with or without monetization for consumption, usage of the summary to generate answers which can be configured using an ontology and thus prevent denial of information /
information overload.