A business’s information lifecycle begins when a new piece of data is created. This information is classified, stored, and made available for authorized users to work with. Once it has been processed and approved for use, it is distributed internally and externally. In some cases, this data may be shared with vendors or stockholders. Regardless of the source, all data must undergo an information lifecycle process to ensure its security and quality.
Data is often used to support activities within an organisation. The data may be processed, viewed, modified, and stored. For critical data, an audit trail is maintained, ensuring the integrity and accuracy of the data. In some cases, data may be shared with outside organizations, which may require a legal process. After the data is created, it must be archived or destroyed. The lifecycle process ends when the data has fulfilled its purpose and is no longer needed.
The information lifecycle process begins with disconnected information. It is created by a single individual and may never be shared. The data is processed and becomes useful. At some point, it is discarded, and a new batch of information is created. Then, a new cycle begins. The information lifecycle path takes the information from the source to its final destination. At this stage, it is critical to determine what happens with the information before letting it become outdated.
After collecting data, organizations must store it. Once it has been collected, it is stored in relational databases or NoSQL databases. File shares and file systems can be used to store and process it, depending on the organization’s requirements. Once the data is stored, it can be classified as public, internal, sensitive, restricted, and confidential. An organization may also apply data protection policies to ensure the privacy, security, and security of its information. This means encrypting and masking data, and putting in place a process to manage and protect this data.
An organization’s information lifecycle begins with a single person and is a complex process. The initial process starts with a single person and may never be shared. During the next stage of the information lifecycle, the data is archived, copied to a backup environment, and then removed from active production environments. In the final phase, the data is either permanently deleted or archived. This process is essential for retaining and managing data.
The first stage of an information lifecycle is data capture. The data must be captured before it enters the lifecycle. The process of data capture occurs when new values are entered into a closed system. Once captured, the underlying data needs to be stored and maintained. During this stage, the data must be accessible by stakeholders. A company’s information management strategy will have a set of steps to follow, each of which must be followed in order to ensure success.