What is the concept of data lifecycle management?

The concept of data lifecycle management refers to the process of managing data throughout its entire lifecycle, from creation and storage to the point of deletion. This encompasses a range of practices and strategies aimed at ensuring that data is properly handled at each stage, which includes its initial generation, organization, maintenance, usage, and eventual disposal.

Effective data lifecycle management is critical for maintaining data integrity, compliance with regulations, and optimizing storage resources. By understanding and implementing lifecycle management, organizations can ensure that data is accessible when needed while also safeguarding it from unnecessary risks, such as unauthorized access or obsolescence.

The other options touch on related topics, like performance optimization or data visualization, but they do not encompass the full scope of managing data through all of its stages, which is the essence of data lifecycle management.