Information Lifecycle Management
Information Lifecycle Management (ILM) is the process of managing data throughout its entire life, from creation to deletion. It involves organizing, storing, and protecting information to ensure it is accessible and usable when needed, while also complying with regulations and minimizing costs. ILM helps organizations decide how long to keep different types of data, when to archive or delete them, and how to maintain security and privacy. By effectively managing the lifecycle of information, organizations can improve efficiency, reduce risks, and make informed decisions based on their data.
Additional Insights
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Information Lifecycle Management (ILM) is a strategic approach to managing data throughout its entire life, from creation to disposal. It involves classifying information, ensuring it is stored securely, and determining how long it should be kept based on its value and legal requirements. ILM helps organizations optimize storage costs, ensure compliance, and safeguard sensitive information. By managing data effectively, businesses can use it more efficiently, making informed decisions while protecting against risks related to data loss or breaches. Ultimately, ILM promotes a structured way to handle information, improving overall data governance.