What is maximum retention duration in SAP BC-ILM - Information Lifecycle Management?

SAP Term: maximum retention duration

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: In the ILM rule, specifies the duration of the maximum retention period to be calculated in the defined time unit. The ILM object must be destroyed by the end of the maximum retention period at the lastest.

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• Key Concepts: 
  Maximum retention duration is a feature of SAP's Information Lifecycle Management (ILM) component. It is used to define the maximum amount of time that data can be stored in an SAP system. This helps organizations comply with data retention regulations and ensure that data is not kept for longer than necessary.
  
  How to use it: 
  The maximum retention duration feature can be used to set a specific time period for data storage. This can be done by setting a specific date or by setting a specific number of days, weeks, months, or years. Once the maximum retention duration has been set, the system will automatically delete any data that has been stored for longer than the specified time period.
  
  Tips & Tricks: 
  When setting the maximum retention duration, it is important to consider the data retention regulations that apply to your organization. It is also important to consider how long the data needs to be stored for business purposes. Setting the maximum retention duration too short may result in important data being deleted before it is needed, while setting it too long may result in unnecessary storage costs.
  
  Related Information: 
  For more information about SAP's Information Lifecycle Management component and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about ILM and its features.