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

SAP Term: minimum retention duration

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: In the ILM rule, specifies the minimum retention period to be calculated in the defined time unit. The ILM object cannot be destroyed before the end of the minimum retention period.

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• Key Concepts: 
  Minimum retention duration is a feature of SAP's Information Lifecycle Management (ILM) component. It is used to define the minimum amount of time that data must be retained in the system before it can be deleted. This ensures that data is not deleted prematurely and that it is available for as long as necessary.
  
  How to use it: 
  The minimum retention duration can be set for each data object in the system. This can be done by accessing the ILM configuration settings and setting the desired duration for each object. Once the duration has been set, the system will automatically delete any data that has been stored for longer than the specified duration.
  
  Tips & Tricks: 
  When setting the minimum retention duration, it is important to consider how long the data needs to be retained in order to meet legal or regulatory requirements. It is also important to consider how often the data needs to be accessed and how quickly it needs to be available. Setting a longer retention duration can help ensure that data is available when needed, but it can also increase storage costs.
  
  Related Information: 
  SAP's Information Lifecycle Management (ILM) component provides a range of features for managing data throughout its lifecycle. Other features include archiving, storage optimization, and data migration. For more information about ILM, please refer to SAP's official documentation.