What is the primary role of data lifecycle management in L3W services?

The primary role of data lifecycle management in L3W services is to manage data from its creation through to its deletion, in alignment with established business policies. This involves overseeing the various stages of data life, including acquisition, storage, use, sharing, archiving, and eventual deletion. By implementing data lifecycle management, organizations ensure data is effectively governed throughout its lifespan, adhering to compliance requirements and optimizing data usage based on relevance and necessity.

This approach establishes a structured framework that allows businesses to make informed decisions about the retention and disposal of data. It helps in cost management, increases operational efficiency, and reduces the risks associated with data handling over time. The focus on business policies ensures that data is not just managed technically, but also in a way that aligns with organizational goals and regulatory standards.

While eliminating data redundancy, archiving data, and ensuring consistent availability are important aspects of data management, they are components that can fit within the larger framework of data lifecycle management, but they do not encompass the full scope of its primary role.