Every organization, however big or small, relies on data and information. You need these assets to develop new products, offer high-quality customer service and comply with regulations. This means you must be able to store, manage and protect information, so that it’s there to support your business as soon as it’s required.
The way to do this is by putting in place a comprehensive Information Lifecycle Management (ILM) strategy and approach. To get started, or to simply improve your Information Lifecycle Management, we start by assessing your current situation, asking questions such as:
- What is your enterprise data quality strategy?
- What is your Master Data Management strategy?
- How does your data currently map to industry-standard canonical data models/design patterns?
- How do you handle data discovery for structured and unstructured data analysis?
- How do you assign business value to legacy data?
“ILM is a wide-ranging area that will ultimately apply to (and benefit) every part of your business. To implement it in one go would be impossible. Instead, combine the outcomes of your assessment with your immediate business requirements.”