Best Practices in Data Classification for Information Lifecycle Management

Information lifecycle management (ILM) is a sustainable storage strategy that balances the cost of storing and managing information with its business value. A well-executed ILM strategy will result in a more agile organization, reduce business risk and drive down both storage unit and storage management costs. This paper describes best practices in classifying data from the perspective of information lifecycle management (ILM). It is intended as a high-level introduction to issues and considerations for IT organizations that are considering implementation of a more formal approach to data classification.