Organisations have long regarded their stores of data as one of their most valuable assets. The implications of data use determine whether an organisation functions efficiently and effectively or whether they fall under scrutiny of the data watchdogs.
It is for this very reason that data does need to be managed through its full lifecycle and Information Lifecycle Management (ILM) policies can systematically achieve this – running one effectively is another matter entirely.
Any organisation dealing with data in one form or another is at the mercy of the Information Commissioner’s Office, which ensures that compliance in terms of the use, handling and retention of data is met.
Through the updated Data Protection Act, stringent guidelines are in place to protect personal information throughout its lifecycle. However, new regulations that have been added to the Act require organisations to retain and control information for longer periods of time.
This, in turn, places either a greater emphasis on the ability of an organisation to successfully manage data from cradle to grave or face the quite daunting implications any inefficiency holds.