What is information lifecycle management? Why Its Needed?

Source avendata.com

What is information lifecycle management (ILM)?

Information lifecycle management (ILM) is a thorough method for managing all aspects of an organization's data, from its production and acquisition to its eventual obsolescence and deletion. In addition to lowering storage and data management expenses, a good ILM approach can also lessen the security, regulatory, and legal concerns associated with not maintaining complete control over business data.

Legacy Application Retirement - A Complete Plan

Source: avendata.com

Business processes are implemented through IT applications, which aid firms in running their daily operations effectively. These apps exist because they are crucial to business. Therefore, it is important to properly plan the retirement of these apps to prevent any disturbance to business users and to ensure a seamless transition to a new platform.