iAIMS
OPERATION
Information lifecycle management (ILM) refers to strategies for administering storage systems on computing devices. ILM is the practice of applying certain policies to effective information management.
ILM includes every phase of a "record" from its beginning to its end. And while it is generally applied to information that rises to the classic definition of a record, it applies to all informational assets. During its existence, information can become a record by being identified as documenting a business transaction or as satisfying a business need.
ILM is also stand for process of managing business information throughout its lifecycle, from requirements through retirement. The lifecycle crosses different application systems, databases and storage media.
It is an approach to data and storage management that recognizes that the value of information changes over time and that it must be managed accordingly. ILM seeks to classify data according to its business value and establish policies to migrate and store data on the appropriate storage tier and, ultimately, remove it altogether. ILM has evolved to include upfront initiatives like master data management and compliance.
Creation and Receipt deals with records from their point of origination. It includes correspondence, forms, reports, drawings, computer input/output, or other sources.
Distribution is the process of managing the information once it has been created or received. This includes both internal and external distribution, as information that leaves an organization becomes a record of a transaction with others.
Use takes place after information is distributed internally, and can generate business decisions, document further actions, or serve other purposes.
Maintenance is the management of information. This can include processes such as filing, retrieval and transfers.Filing is actually the process of arranging information in a predetermined sequence and creating a system to manage it for its useful existence within an organization.Transferring information refers to the process of responding to requests, retrieval from files and providing access to users authorized by the organization to have access to the information.
Disposition is the practice of handling information that is less frequently accessed or has met its assigned retention periods.
