Global Trends In Context: International Long-Term Data Retention Regulations Discussed

March 28, 2023January 4, 2024 Kalyan Manyam0

Data retention compliance is challenging, regardless of the industry. Simplify and streamline your data management while improving regulation compliance

. Data retention—sometimes also referred to as record retention—is the storing and maintaining of data and records for a certain time period to meet business, audit, and compliance requirements. From keeping accurate financial records and complying with regulations to disaster recovery and feeding analytic engines, businesses depend on sound data retention policies to function optimally. (more)

12 mins read

Enterprise Content Services

Understanding the Ins and Outs of Intelligent Document Data Extraction

March 28, 2023May 14, 2023 Juhi Kaushal0

As we move to a digital future, businesses frequently process written, scanned, or digitally created documents such as invoices, checks, order forms, and bank statements. Traditionally a manual process, data extraction (capturing specific pieces of information from documents) will never become irrelevant. The data extraction market is expected to grow to $4.9 billion in 2027. And Gartner predicts 70% of organizations in 2025 will focus on innovative techniques to extract value from unstructured sources. However, the method by which businesses extract data has evolved—and there’s a new change that can simplify life for your company. (more)

7 mins read

Application Retirement

Decommission or Retire Legacy Applications to Make Room for Digital Transformation

March 27, 2023May 15, 2023 Kalyan Manyam0

Legacy applications bog down digital transformation in many organizations. Businesses must modernize to stay competitive; using older apps can slow down and even hinder this process, wasting valuable resources—such as staff, money, and IT infrastructure—in the process. For this reason, CIOs, IT, and I& O leaders are under immense pressure to modernize and support digital initiatives with an intent to deliver transformational experiences for internal and external stakeholders.(more)

5 mins read

Cloud Data Management

Enhance Your Data Life Cycle Management: Understanding the Stages and Best Practices of Data Lifecycle Management

March 27, 2023May 15, 2023 Kalyan Manyam0

Data lifecycle management secures, stores, and structures your valuable enterprise data to meet regulatory requirements and fulfill business information demands while optimizing infrastructure and costs.

As the world moves into a fully-digital future, the amount of data enterprises produce is growing astronomically. According to a Seagate report, the total amount of data generated by 2025 will accelerate exponentially to 175 zettabytes. No wonder we refer to this as the Information Age and to data as the new oil! However, this data must be reliable, accurate, and readily available when needed to be truly valuable. Data lifecycle management can help. (more)

6 mins read

Archiving

Data Retention Policies, Privacy Laws and Regulations: Best Practices Unpacked

March 27, 2023April 17, 2024 Kalyan Manyam0

Data retention impacts your ability to comply with laws and the accessibility and performance of your data.

Your data retention policies define what data you need to retain or archive—and for how long—to meet business and compliance requirements. But in addition to addressing these requirements, these policies also contribute to improved data security, optimization of production systems, and reduced IT costs. Establishing a thorough data retention plan is an enterprise data management best practice. (more)

8 mins read

SAP Active Archiving: Improve SAP System Performance and Reduce Maintenance Costs with SAP ILM

March 20, 2023May 15, 2023 Nitesh Roy0Tagged Information Lifecycle Management (ILM)

Learn how SAP Archiving can help manage data growth, improve overall system performance and reduce costs.

The widespread adoption of SAP solutions within enterprises has led to exponential growth in data. But if left unchecked, this unmitigated data influx will stretch SAP system resources thin and degrade system performance, resulting in a loss of productivity and frustrated business users. Overcoming these issues requires prioritizing information lifecycle management (ILM). (more)

5 mins read

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