ILM- Information Lifecycle Management Helps Streamline and Manage Data For Various Systems like ERP and SCM
Today’s market is characterized by information overload. Companies are heavily relying upon enterprise planning systems like SCM, CRM and ERP. These systems enable them to manage their resources. They generate a host of structured data that caters to specific needs. They also help to store and retain other kinds of unstructured data, that are used for various strategic, business and regulatory requirements. As per Chalie Gary of Meta Group, "Data is growing at 125 percent per year." Up to 80 % of the data is inactive and cripples the performance of systems. It can be avoided by intelligent data management. Information lifcycle Management (ILM) helps companies in maintaining and managing data. Expresscomputeronline.com reports:
The value of information keeps changing with time, processes, business and regulatory needs. This in turn affects the probability of usage of data.
Read More: ILM and intelligent data management
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