ILM
Whether it's data from applicants, customer information, or transaction-related documents, data is only valuable as long as it is required for a business process.
After that, they can become a burden, or even a threat! Companies should ask themselves the following questions:
- Which data must be kept and for how long?
- When and how do I have to delete data?
- How do retention periods affect compliance?
Information lifecycle management (ILM) is a comprehensive approach to the automated management of data. ILM governs how data is managed throughout its life cycle — from creation to storage to decommissioning and final deletion.
So why is ILM so important?
Managing data across its entire life cycle is critical for any organization. It is about effectively collecting, storing, using and finally disposing of data securely and compliantly. An efficient ILM not only helps to reduce business costs, but also ensures compliance and minimizes business risks.
What does software need to be able to do for ILM?
- SAP-specific: Seamless integration into existing SAP systems and SAP certification as a prerequisite for choosing software.
- Optimum data management: Easily move, archive, and delete data in line with your business cycle.
- Automated workflows: Reduce manual processes and errors through automated, rule-based workflows.
- Compliance & Security: Helping you comply with industry-specific regulations while ensuring data integrity and security.
- Cost savings: Reduce storage costs and optimize system performance through efficient data management.
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