I am working on CQ 5.6.1 for a while but i didn't have much knowledge on DAM. So was studying DAM. I came across a term DAM Taxonomy. I couldn't see any direct link to it in documentation.
I want to know what is DAM Taxonomy and how can we create DAM Taxonomy in CQ 5.6.1?
Can we create these taxonomies in CQ 5 or we should use third party applications?