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Information Lifecycle Management (ILM) is, first and foremost, a strategic process for dealing with information assets. Typically, ILM is expressed as a strategy, which is then used to generate policies. Finally, a set of rules is created and used by the organization or software to comply with the policies. ILM processes take into account what the information is, where it is located, what relationships it has to other information, and the lifecycle of the information. Initially, ILM appears to be a lot like Data Lifecycle Management (DLM). DLM is also a policy-based process. It has rules and takes into account a lifecycle. The difference is that ILM operates on information, not data. This is a fundamental distinction that makes ILM a very different process. Data is raw. It lacks structure that is externally visible. Information, on the other hand, is capable of external validation, even if it requires a human being to do it. Whereas data is completely dependent on applications for meaning, information is independent of applications. Information is a collection of data within a certain context. When someone receives an e-mail, prints it out and reads it, or imports it into another program, it is still an e-mail. The blocks of data that comprise the e-mail are data. The data becomes an e-mail when the reader (human or computer) recognizes that there are FROM and TO lines and a message body. Information Has ValueHow much is a block of data worth? That's hard to say unless you know what the data is meant to represent. The value of information is easier to understand because what it is is known. An order from a customer has a value that can be determined from real costs and loss of revenue. A CFO's presentation to the financial community has a value that can be determined by changes in the stock price of the company. Assigning value to information is based on what is valuable to the organization. Misconceptions Around ILMAs is the case with DLM, ILM is a strategic process. It is not about technology or products, though these can be used as tools for automating ILM rules. Unfortunately, there is some confusion about how products and existing processes fit into an ILM strategy. Other technology or processes that are often confused with ILM are
Why Bother with ILM?There are some clear reasons why organizations bother with ILM. Many are first attracted to ILM because of regulatory compliance. There are, however, many other benefits. Benefits of ILM include:
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