Data's Lifespan: A Guide to Retention & Archiving
Navigating the Labyrinth: Technology Data Retention and Archiving Policies In today's data-driven world, technology generates an ever-expanding deluge of information. From customer interactions to financial records and internal communications, every click, transaction, and email leaves a digital footprint. Managing this wealth of data responsibly requires a well-defined strategy encompassing both retention and archiving. Data Retention: Keeping What's Essential Retention policies dictate how long specific types of data should be kept. This isn't simply about storage space; it's about legal compliance, operational efficiency, and business continuity. Legal Requirements: Various regulations like GDPR, HIPAA, and SOX impose strict retention periods for certain data categories. Failure to comply can result in hefty fines and reputational damage. Operational Needs: Some data is essential for...