This document provides an overview of leveraging taxonomy management with machine learning. It discusses how semantic technologies and machine learning can complement each other to build cognitive applications. It also discusses how PoolParty, a semantic suite, can be used to perform tasks like corpus analysis, concept and shadow concept extraction, text classification, and improving recommender systems by utilizing knowledge graphs and machine learning algorithms. Real-world use cases are also presented, such as how The Knot uses these techniques for content recommendation.