"The following represents a linear or flat taxonomy of key Inventories that are used and should be maintained by Information Technology (IT) organizations and professionals. Such Inventories help define, structure, organize, and understand various forms of Data, Information, and Knowledge that are important to IT Organizations, IT Professionals, and their Business Stakeholders. Specifically, maintaining current and up to date Inventories is a best practice that ensures better transparency into the enterprise and which leads to good operational metrics for better decision making.
Such a Taxonomy is often used as a foundation for data modeling, especially in the design, definition, and implementation of other Taxonomies and Ontologies. These constructs are also often used as mechanisms to provide clarity and standardize terminology for communications between business stakeholders and IT organizations."