What is Data Retention Time Management in SAP LOD-SF-PLT - Platform Foundational Capabilities?

SAP Term: Data Retention Time Management

• Component: LOD-SF-PLT

• Component Name: Platform Foundational Capabilities

• Description: A feature to purge data based on configurable data retention periods in the SAP SuccessFactors HXM Suite.

Smart SAP Assistant

• Key Concepts: 
  Data Retention Time Management is a component of the SAP Platform Foundational Capabilities. It is a tool that helps organizations manage the retention time of their data. It allows users to set up rules and policies for how long certain types of data should be retained, and then automatically deletes the data after the specified time period. This helps organizations comply with data privacy regulations and ensure that their data is secure.
  
  How to Use it: 
  Data Retention Time Management can be used to set up rules and policies for how long certain types of data should be retained. The user can specify the type of data, the retention period, and any other relevant information. Once the rules are set up, Data Retention Time Management will automatically delete the data after the specified time period.
  
  Tips & Tricks: 
  When setting up rules and policies for Data Retention Time Management, it is important to consider the type of data being retained and any applicable regulations or laws. It is also important to ensure that the retention period is long enough to meet any legal requirements but not so long that it becomes a burden on storage space or resources.
  
  Related Information: 
  Data Retention Time Management is part of SAP's Platform Foundational Capabilities, which also includes other tools such as Data Protection, Data Governance, and Data Quality Management. These tools can be used together to help organizations manage their data in a secure and compliant manner.