Unlocking The Full Potential of Enterprise Data
US $ per TB to several times that amount 34 35 36 . These figures exclude intangible costs such as loss of data value and missed opportunities to leverage data when left scattered .
Organizations should also avoid viewing data and information lifecycle management programs as solutions in search of problems . The real cost-justification for these programs lies in the critical role they play in the management of valuable enterprise data assets . Digital transformation initiatives have generated massive amounts of new data , scattered across highly distributed IT and OT infrastructures , including edge , cloud , digital twins , and AI models . By adopting datacentric and value-centric perspectives , enterprises can improve their control over these assets . In this context , lifecycle management is justifiable within a data-centric framework , provided it is implemented pragmatically , effectively and consistently .
3.8 SECURITY JUSTIFICATION
Reducing security risks is one of the key drivers for implementing data lifecycle management controls . With advancements in digital transformation , data should not remain dispersed across IT and OT infrastructures without proper lifecycle management controls . Failure to do so can lead to significant security risks impacting privacy , confidentiality , safety , reliability , and resilience . The subject of IT and OT data security is extensively covered in the market 37 .
4 OAIS : ARCHIVAL FRAMEWORK ( ISO 14721 )
The Reference Model for an Open Archival Information System 38 ( OAIS ) provides hints about effective ways to deal with the question of managing the lifecycle of enterprise data assets . Developed over a decade ago by the Consultative Committee for Space Data Systems ( CCSDS ) 39 , this framework outlines responsibilities and functions for managing and preserving digital information over the long term in a manner that is independent of the applications that created the data and applications used to consume the data .
The OAIS framework recognizes that information can outlive the applications that create them . Therefore , in order for this information to be retrievable in the future , it must be archived outside the applications in an application-agnostic and self-describing manner .
Refer to Figure 4-1 for a high-level functional model diagram :
34 https :// www . forbes . com / councils / forbestechcouncil / 2021 / 11 / 03 / uncovering-the-true-costs-of-itinfrastructure /? form = MG0AV3
35 https :// www . intelligentcio . com / eu / 2022 / 08 / 16 / three-steps-organisations-can-take-to-store-andmanage-data-more-cost-effectively /? form = MG0AV3
36 https :// www . cloudzero . com / blog / cloud-storage-pricing /? form = MG0AV3
37
IIC Industry Internet Security Framework 2.0 https :// www . iiconsortium . org / iisf /
38 https :// en . wikipedia . org / wiki / Open _ Archival _ Information _ System
39
Includes US NASA , European Space Agency ( ESA ) and many other global space agencies . 48
February 2025