Here at Data Lifecycle Management, we believe in the power of data to drive business decisions. We also believe that companies need to put a lot of energy into managing this data and making it available for their employees. This is why we created our 3-step Dlm process that helps you manage your company’s data from creation all the way through its final disposition. The three goals are:
1) Efficiency – Make sure the right people have access to the right information when they need it
2) Security – Keep sensitive or confidential information safe and secure so nobody else can use or see it
3) Retention – Keep what’s necessary while disposing of what isn’t needed
Step 0: Data Creation – It all starts with a data-set. Putting together the right information in such a way that it makes sense to anyone who needs or sees it is what defines your company’s initial dataset.
Step I: Data Usage – Once you’ve created a dataset, someone has to be able to use it! This means making sure everyone on your team can access and understand the various datasets needed for their job function
Step II: Disposal & Retirement – Finally, when there no more need for specific pieces of data we’ll take care of them for you as part of our Dlm process. We will either delete or archive at least one copy so that only one record remains available from that dataset.
This post was updated on 05-08-2018 by [author].
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The three main goals of data lifecycle management (dlm) are as follows:
Pose information responsibly according to the most current privacy laws Ensure company consistency across departments through access controls Ease compliance requirements with one central archive & disposal policy One of the basic principles of responsible data use is posing information responsibly according to the most current privacy laws. This means not only abiding by local regulations but also considering what happens to data once it is released. In other words, what are the risks associated with its dissemination? Who will be able to access this information and where might it end up being shared? The first goal of dlm is ensuring company consistency across departments through access controls. This usually requires an understanding of what type of sensitive data a department has or generates – for example, a finance department would need different controls than human resources (hr). What’s important here is that there isn’t one singular “one size fits all” solution as each organization may have specific requirements which dictate how their employees interact with confidential material in order to do their job efficiently but responsibly.
Finally, facilitating compliance by having one central archive and disposal policy can help organizations meet legal, operational or contractual requirements. For example, if a contract stipulates that the company must delete all sensitive data at the end of each year, then it is important to have a sensible and systematic approach for identifying what this means in terms of scope (all documents containing confidential information?), process (how will you dispose of them?) and technology (what are your search criteria?).
The three main goals of dlm can be summarized as follows:
- Ensure consistency across departments through access controls
- Facilitate compliance by having one central archive and disposal policy
- Retain evidence so that organizations can comply with regulatory standards such as HIPAA/HITECH Act or Sarbanes Oxley 1866.35
- To summarize: the three main goals of dlm are to ensure consistency across departments, facilitate compliance and retain evidence.
A company needs a sensible and systematic approach for identifying what this means in terms of scope, process or technology. For example, if a contract stipulates that the company must delete all sensitive data at the end of each year then it is important to have one central archive and disposal policy which will make things easier when you need to comply with regulatory standards such as HIPAA/HITECH Act or Sarbanes Oxley 1866.35 . By having an easy solution in place these organizations can save time, energy -and importantly- money by being able to handle their obligations quickly and easily.”
It is important to note that an organization needs a sensible and systematic approach for identifying what this means in terms of scope, process or technology.
“DLM ensures consistency across departments; facilitates compliance; and retains evidence.
A company needs a sensible and systematic approach for identifying what this means in terms of scope, process or technology.
DLM is about taking a strategic and systematic approach to ensure that all data are managed appropriately – from the moment it’s created, until it’s retired securely.” “Data Lifecycle Management (DLM) can manage information throughout its lifecycle including comprehension; storage; access management; archiving and destruction. DLM ensures consistency across departments; facilitates compliance and retains evidence.” The three main goals of data lifecycle management include: ensuring consistency, facilitating compliance, retaining evidence. These goals help companies maintain their records while also keeping them up-to-date so they have no risk when making decisions based on these records later on down the road.