Information Lifecycle Management

What is Information Lifecycle Management (ILM)?

Information Lifecycle Management (ILM) is a comprehensive approach to managing enterprise data and associated metadata, from its creation and acquisition until it is outdated and deleted. An effective ILM strategy can help lower storage and data management costs, as well as reduce the security, compliance, and legal risks that come with failing to maintain complete control over organizational data.

In contrast to previous approaches to managing data warehousing, ILM deals with all aspects of data throughout its lifespan, rather than focusing only on one aspect of data management. For example, hierarchical storage management is only concerned with automating storage processes and not with how data is transformed or used. ILM addresses how data is used and many other issues. In addition, ILM enables more complex standards for storage management than systems that rely only on basic metrics, such as data age or access frequency.

Why ILM is important to your business?

There are several reasons why Information Lifecycle Management are considered significant to your organization. Here are 3 major importance:

#1. Identify all Data Touch Points
Information Lifecycle Management helps you keep track of data from its inception to end of life and all its footprint in the organization. To manage and govern data effectively, we need to know where data is at any point in time. Information Lifecycle Management aims to be a running inventory and map of data touch points in an organization’s technical ecosystem.

#2. Avoid the Risk and Cost of Archivable Data
When you know what data you have, you must also know what data is outdated, out of operation, or no longer in use. Therefore, Information Lifecycle Management helps identify data that should not take up valuable storage space on your systems. Having too much data can be a risk to the organization as well as storage and operational cost. ILM can help identify the retention policies contextual to all data in the organization and help archive the unused data and purge the unnecessary data. It should also identify redundant and risk-prone copies of the data across different systems.

#3. Help meet regulatory compliance standards
Most importantly, the world is demanding more and more regulations, especially in terms of privacy. When properly created, the Information Lifecycle Management approach is used, it will identify those data assets that need to be monitored for regulatory compliance purposes.

How Our Information Lifecycle Services Can Help:

The goal of Information Lifecycle Management (ILM) is to make every stage of the data lifecycle more accessible so that businesses may increase data processing efficiency, security, and cost savings. Any organization that creates, uses, and saves private and consumer data will benefit from a ILM program. There are a variety of reasons why a large organization should use ILM processes. Here are three of the most important advantages:

Data is easily accessible, clear, and useable with a strong Information Lifecycle Management (ILM) strategy. This implies data-driven activities may be carried out more quickly, allowing the company to gain better data agility and control.

Customer data is safeguarded with the support of a strong DLM strategy. DLM can build loss-prevention policies since it outlines how data is handled, stored, and shared. As a result, businesses can reduce the risk of data loss, theft, and security breaches.

Each industry has its own data retention policies. Businesses can assure compliance with local and international rules and regulations by implementing a solid Information Lifecycle Management (ILM) strategy. Data management, for example, has grown increasingly crucial as firms confront compliance rules such as the Sarbanes-Oxley Act, which governs how businesses must handle specific types of data. As a result, businesses can reduce the risk of citations and penalties for non-compliance.

How Xendat can help your organization?

Data is one of the most important assets for any organization. Managing data effectively is critical to business success. Xendat Data & Analytics can help organizations build an effective Information Lifecycle Management (ILM) program.

An ILM program helps organizations manage their data more effectively and efficiently. It includes processes and practices for managing data throughout its lifecycle, from creation to deletion.

Xendat Data & Analytics can help organizations with every aspect of building an ILM program, including:

Evaluating data and determining what should be retained and for how long
Creating policies and procedures for managing data
Implementing systems and technologies for managing data
Training employees on how to properly manage data Lifecyle

Xendat Data & Analytics has the experience and expertise to help your organization build an effective ILM program. Contact us today to learn more.

Information Lifecycle Management (ILM) Strategy, Framework, and Roadmap

Strategy

Creating an ILM strategy can help companies decide how to handle their data, information, and storage media or take advantage of tiered protection.

Taking a step back: If something happens to business data, information, and applications, companies can’t go back in time to make corrections or find and access those records without a backup in place. Hence, the need for an information lifecycle protection strategy to manage and coordinate the various life cycles within the framework of data and information lifecycle management.
Looking into the future and the past: Data remains active from a reading perspective either over different time periods or on a sustainable basis. Companies are constantly generating new data, metadata, transcripts, and versions. Thus, by understanding that underlying data remains immutable and unchanging, organizations gain insight into how to protect it in the future – for example, protect static data frequently.
Focus on the essentials: Companies know the similarities and differences across their data, information, and media storage, as well as the associated ILM and tiered protections. Thus, they can unlock value and remove the complexity and high costs of sustaining growth. To do this, they start by reviewing their information management along with the corresponding storage and backup media and life cycles.

Information Lifecycle Management (ILM) Tool Selection and Implementation

ILM involves making decisions about what data to keep and for how long, and then implementing the necessary tools and processes to make sure that data is managed effectively.

Selecting the right ILM tools and technology is critical to the success of any ILM initiative. There are several factors that need to be considered when choosing ILM tools, including the size and complexity of the organization, the types of data being managed, and the specific needs of the organization. Xendat Data & Analytics has extensive experience in helping organizations select and implement the right ILM tools for their needs. We can help you navigate the complex landscape of ILM tools and technologies and find the solution that is right for your organization.

Xendat Data & Analytics can partner with your IT and procurement departments to search and evaluate the right information lifecycle management tools and technology that can services the needs of the organization. We have a team of experienced consultants who can help you assess your needs and find the right solution for your organization. Contact us today to learn more about our ILM tool selection and implementation services.

Virtual Information Lifecycle Management (ILM) Team

At Xendat Data & Analytics, we understand that Information Lifecycle Management (ILM) is a critical function for any organization. We also know that it can be difficult to manage ILM in-house, which is why we offer complete or semi outsourcing of our Information Lifecycle Management Team.

Our team can provide operational support, reporting, and change management on an ongoing basis, as well as expert advisory services. This way, you can focus on your core business functions and leave the ILM to us.

If you’re interested in learning more about our Virtual Information Lifecycle Management Team, please contact us today.

Information Lifecycle Management (ILM) Staffing

Information Lifecycle Management (ILM) is a vital process for any organization that relies on data to drive their business. ILM encompasses all aspects of an organization’s data, from acquisition and ingestion to storage and retrieval, to archival and destruction. Proper ILM management ensures that an organization’s data is safe, secure, and compliant with all relevant laws and regulations.

Xendat Data & Analytics can provide staffing and specialized contract resources to support an organization’s Information Lifecycle Management (ILM) program. We have a large pool of Information Lifecycle Management (ILM) experts with extensive knowledge in many industries. Our ILM staffing services can help your organization scale to support ILM projects and initiatives in a timely and effective manner.

If you are looking for help with your Information Lifecycle Management program, contact Xendat Data & Analytics today. We will be happy to discuss your staffing needs and help you find the right consultant for the job.

Need help for data management services and solutions

Schedule a meeting with our data management experts who have worked with many clients to accelerate their digital transformation journey.