To interpret a phenomenon by forming a concept(verb)
To conceive the idea for something(verb)
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Use "conceptualise" in a sentence
"(AT 84) Instead of merely being quaint and anachronistic technologies harnessed to an anodyne future, we can re-conceptualise and re-pathologise space vehicles."
"I can ‘conceptualise’ awesome article and ideas [for work]."
"Just going through an experience is only half the story, if you like, providing us with raw materials that are blunt and often bewildering unless we can take a step back and conceptualise what went on."