What is Storage and Retention Service in SAP BC-ILM - Information Lifecycle Management?

SAP Term: Storage and Retention Service

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: A service that runs on an AS ABAP that is used to control the procedures that trigger the functions of SAP NetWeaver ILM in conjunction with the ILM Store.

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• Key Concepts: 
  Storage and Retention Service is a component of SAP's Information Lifecycle Management (BC-ILM) suite. It provides a secure, centralized storage and retention solution for all types of data, including documents, emails, and other digital assets. It enables organizations to store and manage their data in a secure, compliant manner, while also providing the ability to access and retrieve data quickly and easily. 
  
  How to use it: 
  Storage and Retention Service can be used to store and manage data in a secure, compliant manner. It provides a centralized repository for all types of data, including documents, emails, and other digital assets. It also provides the ability to access and retrieve data quickly and easily. Additionally, it enables organizations to set up retention policies for their data, ensuring that it is stored securely for the required period of time. 
  
  Tips & Tricks: 
  When setting up Storage and Retention Service, it is important to ensure that the correct security settings are in place. This will ensure that only authorized users have access to the data stored in the system. Additionally, it is important to ensure that the correct retention policies are set up for each type of data stored in the system. This will ensure that the data is stored securely for the required period of time. 
  
  Related Information: 
  Storage and Retention Service is part of SAP's Information Lifecycle Management (BC-ILM) suite. Other components of this suite include Data Archiving, Data Migration, Data Protection & Compliance, and Data Quality & Governance. These components provide organizations with a comprehensive solution for managing their data in a secure, compliant manner.