What is data management in SAP BC-ILM - Information Lifecycle Management?

SAP Term: data management

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: Four-step procedure used to limit the growth of data in a database: Data Prevention Preventing the creation of unnecessary data by turning off the appropriate function Data Aggregation Aggregating or summarizing data on a higher level for example by forming totals Deletion Deleting data that does not need to be archived Data Archiving Archiving data that needs to be accessed later

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• Key Concepts: 
  Data management is a process that involves the acquisition, storage, organization, and analysis of data. It is an important part of SAP's BC-ILM (Business Component - Information Lifecycle Management) component. This component helps organizations manage their data throughout its lifecycle, from creation to disposal. It also helps organizations ensure that their data is secure and compliant with regulations. 
  
  How to use it: 
  The BC-ILM component provides a range of tools and features to help organizations manage their data. These include data classification, data archiving, data retention, and data security. It also provides tools for monitoring and auditing data usage. Organizations can use these tools to ensure that their data is secure and compliant with regulations. 
  
  Tips & Tricks: 
  Organizations should regularly review their data management processes to ensure that they are up-to-date and compliant with regulations. They should also ensure that their data is properly secured and backed up in case of any unexpected events. 
  
  Related Information: 
  For more information on SAP's BC-ILM component, please visit the SAP website at https://www.sap.com/products/information-lifecycle-management.html