Benefits of Data Lifecycle Management (DLM)
Effective lifecycle data management confers multiple benefits:
- Greater Agility – Smooth data pipelines allow faster utilization of new data for enhanced decision making.
- Risk Reduction – Continuous controls improve data integrity, compliance, availability, and recovery.
- Storage Efficiency – Unneeded data can be automatically removed per retention policies to reduce costs.
- Productivity – Self-service access to high quality data accelerates analysis and insights.
- Innovation – Better enterprise data knowledge enables identifying new opportunities and applications.
- Trust – Documented data provenance provides confidence in analytical outcomes.
- Future-Proofing – Adaptable data architectures withstand evolving technologies and needs.
What is Data Lifecycle Management?
Data lifecycle management provides end-to-end visibility and control over the data flowing through systems and processes. It enables harnessing data as an asset at every stage – from planning through active use and eventual retirement. With strong data lifecycle management, organizations can channel data into a strategic advantage rather than suffer from overwhelming disarray.
This article will explore the key stages, practices, benefits, and implementation steps for robust data lifecycle management programs. With these foundations, organizations can transform even exponentially growing data from an unruly liability into a trustworthy and adaptable asset powering competitive advantage. Taming the data deluge through lifecycle management unlocks lasting business value.
Table of Content
- The Critical Role of Data Lifecycle Management in the Era of Big Data
- Defining Data Lifecycle Management
- Main Phases of Data Lifecycle Management
- Key Data Lifecycle Stages
- Data Lifecycle Management Capabilities
- Benefits of Data Lifecycle Management
- Implementing Data Lifecycle Management
- Expert Techniques for High-Impact Data Lifecycle Programs
- What are the 3 Main Goals of Data Lifecycle Mangement ?
- Conclusion