There is an impression today that Information Lifecycle Management is a new concept. Management of the information lifecycle has been with us since the dawn of the computer age. While recent legislation and shifts in media cost have spawned a mini-boom in replication start-ups and new storage technologies, the fundamentals of information management have not changed.

There are many definitions of Information Lifecycle Management (ILM) in the industry today. All of these definitions have one thing in common: understanding what information means to the business and optimizing costs and opportunities.

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