Abstract: A computer having one or more processors executes a standards specification and management system configured to process a data model having metadata that specifies a data standard that specifies requirements for regulatory-compliant exchange of data between entities, wherein the data model conforms to a data description language and specifies which data elements must be collected and a format in which the data elements are to be collected. The computer is configured to process the data model to automatically generate an ontology schema and ontology instance data that represent the data model of the data collection standard. This computerized standards specification and management system present a unified interface for the production and governance for the evolution of data standards and specifications.