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

SAP Term: retention duration

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: Specification of the policy type 'retention rule' in the ILM rule; the specification of the minimum and maximum retention duration must be specified by using the time unit for retention duration. &EXAMPLE& Minimum retention duration: 7 Maximum retention duration: 10 Time unit for retention duration: Year

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• Key Concepts: 
  Retention duration is a feature of SAP's Information Lifecycle Management (ILM) component. It is used to define the length of time that data should be kept before it is deleted or archived. This helps organizations to comply with data retention regulations and ensure that their data is secure and up-to-date.
  
  How to use it: 
  Retention duration can be set up in the SAP system by creating a retention policy. This policy defines the length of time that data should be kept before it is deleted or archived. The policy can be applied to specific objects, such as documents, emails, or customer records. The policy can also be applied to entire systems or databases.
  
  Tips & Tricks: 
  When setting up a retention policy, it is important to consider the legal requirements for data retention in your region. It is also important to consider the type of data that needs to be retained and how long it should be kept for. For example, customer records may need to be kept for longer than emails or documents.
  
  Related Information: 
  SAP's Information Lifecycle Management (ILM) component also includes features such as archiving and deletion rules, which can be used in conjunction with retention duration to ensure that data is securely stored and up-to-date. Additionally, SAP provides tools such as the Data Retention Cockpit, which can help organizations manage their data retention policies more effectively.