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

SAP Term: residence period

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: The residence period, which is limited by the start and end dates, is the result of the evaluation of all residence rules relating to an ILM object. Determining the residence period is a two-step process: Calculating the start date based on the specifications in the ILM rule time reference and time offset Calculating the end date based on the residence period with regard to the start date

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• Key Concepts: 
  Residence period 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. The residence period is determined by the data retention policy of the organization. 
  
  How to use it: 
  The residence period can be used to determine when data should be moved from one system or application to another. This helps organizations ensure that their data is stored in the most appropriate system or application for the duration of its life cycle. The residence period can also be used to determine when data should be archived or deleted. 
  
  Tips & Tricks: 
  When setting up a residence period, it is important to consider the data retention policy of the organization and the type of data being stored. Different types of data may have different residence periods, so it is important to ensure that the correct residence period is set for each type of data. 
  
  Related Information: 
  For more information on SAP's Information Lifecycle Management (ILM) component, please refer to SAP's official documentation. Additionally, there are many online resources available that provide more detailed information on ILM and how it can be used in an organization.