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

SAP Term: Information Lifecycle Management

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: Functions integrated into the SAP system for managing the lifecycle of archived data based on ILM rules. By storing the archive files within the specified retention periods, it is possible to destroy the data according to legal requirements.

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• Key Concepts: 
  Information Lifecycle Management (ILM) is a SAP component that helps organizations manage their data throughout its entire lifecycle. It provides a comprehensive set of tools and processes to ensure that data is stored, accessed, and used in an efficient and secure manner. ILM helps organizations to reduce costs associated with data storage, improve data security, and ensure compliance with regulatory requirements. 
  
  How to use it: 
  ILM can be used to manage the entire lifecycle of data, from creation to deletion. It provides tools for archiving, retention, and disposal of data. It also provides tools for monitoring and auditing data access and usage. Additionally, ILM can be used to automate the process of migrating data from one system to another. 
  
  Tips & Tricks: 
  When using ILM, it is important to ensure that all data is properly classified and labeled so that it can be easily identified and managed. Additionally, it is important to regularly review the policies and procedures associated with ILM to ensure that they are up-to-date and compliant with any applicable regulations. 
  
  Related Information: 
  For more information about ILM, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of third-party vendors that offer ILM solutions for SAP systems.