The policies, processes, practices, and tools used to align the business value of information with...

The statement defines Information Lifecycle Management (ILM), which is a set of policies, processes, practices, and tools that manage the flow of an organization’s information throughout its life cycle. ILM is concerned with aligning the business value of information with the most appropriate and cost-effective infrastructure from the moment the information is created until its final disposition. This includes how information is created, stored, used, archived, and eventually disposed of. An effective ILM strategy helps organizations manage their data in compliance with business requirements, regulatory obligations, and cost constraints.

References: The definition and explanation of ILM align with the information provided by TechTarget1, which describes ILM as a comprehensive approach to managing an organization’s data and associated metadata. It also matches the insights from Digital Guardian2, which explains that ILM oversees data throughout its lifecycle, optimizing storage systems and lowering associated costs while dealing with security, compliance, and regulatory issues.