A method for classifying information includes determining a plurality of management characteristics for an information type, determining a plurality of business characteristics for the information type, determining at least one management tally for the information type based on the management characteristics, determining at least one business tally for the information type based on the business characteristics, and determining a global information class for the information type based on the management tally and the business tally. A computer usable medium with suitable computer program code is employed for classifying information.