However, this does not mean that Classification Schemes are not important or an obsession of a bygone era. They are an essential component of practical problem solving when having to deal with data, semi-structured and structured information in a range of situations including:

1. Commercial Transactions: Due Diligence, Privatisations
2. Legal, Risk or Compliance Matters
3. Information Gridlock

Information Classification is the act of grouping related information, determining the values that the grouping may have and assigning standardised descriptions to the values for practicable storage, retrieval and analysis. Information Management - Classification Guideline: NSW Office of Information and Communications Technology