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Versioning policies define the rules and strategies for managing changes to software, data, or other digital assets over time. The primary goal is to ensure that modifications are tracked, understood, and can be reverted if necessary. These policies typically address how new versions are created, numbered, and deployed. Common versioning schemes include semantic versioning, which uses a major.minor.patch format to indicate the type of changes made. For example, a major version increment signifies incompatible API changes, a minor version indicates new functionality added in a backward-compatible manner, and a patch version represents backward-compatible bug fixes.

Beyond numbering, versioning policies also dictate the process for handling concurrent changes, such as merging code from different developers. They may specify branching strategies, like Gitflow, to organize development, release, and hotfix branches. Furthermore, policies often outline release management procedures, including testing requirements, deployment schedules, and rollback plans. Establishing clear versioning policies is crucial for maintaining stability, facilitating collaboration, and enabling efficient development and maintenance of digital products.