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

SAP Term: residence duration

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: Specification in the ILM rules of the ‘retention rule’ policy type; determines how long an ILM object, for example, remains in the database of the application system up to data archiving.

Smart SAP Assistant

• Key Concepts: 
  Residence duration is a term used in SAP's Information Lifecycle Management (ILM) component. It is the amount of time that data is stored in a particular system or application before it is moved to another system or application. This helps organizations manage their data more efficiently and cost-effectively. 
  
  How to use it: 
  Residence duration can be used to determine when data should be moved from one system or application to another. For example, if an organization wants to move data from an on-premise system to a cloud-based system, they can set a residence duration that will trigger the data transfer at the appropriate time. 
  
  Tips & Tricks: 
  When setting residence duration, it is important to consider the cost of storing data in each system or application. This will help organizations make sure they are not spending more than necessary on data storage. Additionally, organizations should consider the security implications of moving data between systems or applications. 
  
  Related Information: 
  SAP's Information Lifecycle Management (ILM) component provides organizations with tools and resources for managing their data more efficiently and cost-effectively. Additionally, SAP provides guidance on best practices for setting residence duration and other ILM-related topics.