Information Lifecycle Management
Information lifecycle management (ILM) is a process for managing data through its lifecycle, from creation until disposal, in a manner that optimizes storage and access at the lowest cost.
The most efficient ILM strategy for a business manages information according to its value. However, predicting storage needs and controlling costs can be especially challenging as businesses grow. Additionally, many companies are bound by government regulations and guidelines, such as Sarbanes-Oxley or HIPAA, to retain and control the use of information for a specified period of time—sometimes 30 years or longer. Failure to comply typically carries a heavy fine.
The Right Technology
But all organizations face the challenge of understanding how their data evolves and grows, how its use changes over time, and how long it should be stored. In general, users access newly created data quite frequently, and as the data grows older, users access it less often—if at all. The right ILM solution should apply the appropriate technology, which could be comprised of processes, policies, software and/or hardware, to manage each phase of the data's lifecycle.
Advanced Systems Group (ASG) can provide the appropriate ILM solutions that will help companies store their growing data, at the lowest possible cost, while meeting regulatory requirements for data retention and protection. To learn more, contact us at firstname.lastname@example.org.