Description: Information Lifecycle Management (ILM) is the process of managing the flow of information throughout its lifecycle, from creation and storage to use and eventual disposal. This comprehensive approach ensures that information is handled efficiently and securely, optimizing its value while minimizing associated risks. ILM encompasses various stages, including data capture, classification, storage, access, use, and disposal, ensuring compliance with relevant regulations and standards at each phase. Additionally, ILM integrates with cybersecurity practices, ensuring that information is protected against unauthorized access and external threats. In a business environment, ILM is crucial for informed decision-making, process improvement, and the protection of critical assets. Implementing an effective ILM strategy enables organizations not only to comply with regulations but also to maximize their data’s potential, facilitating innovation and competitiveness in the market.
