Similar questions

Draw and explain Information Life Cycle

• The information lifecycle is a comprehensive approach to managing the flow of an information system's data and associated metadata from creation and initial storage to the time when it becomes obsolete and is deleted. It is the change in the value of information over time.

• When data is first created, it often has the highest value and is used frequently. As data ages, it is accessed less frequently and is of less value to the organization.

• Understanding the information lifecycle helps to deploy appropriate storage infrastructure, according to the change in the value of information.

In the sales order application

• The value of information changes from the time the order is placed until the time that warranty becomes void.

• The value of the information is highest when a company receives a new sales order and processes it to deliver the product.

• After order fulfillment, the customer or order data need not be available for real-time access.

• The company can transfer this data to less expensive secondary storage with lower accessibility and availability requirements unless or until a warranty claim or another event triggers its need.

• After the warranty becomes void, the company can archive or dispose of data to create space for other high-value information.

For example,

• When new order is placed for a laptop the order is processed and delivered to the client with the warranty claim. Thus the order is fulfilled and the details about the order are stored. After order fulfillment, the customer or order data need not be available for real-time access.

• The value of the information is highest when a company receives a new sales order and processes it to deliver the product.

• The value of information changes with time.

• With the time data relevant to that order becomes old i.e. Aged data. The company can transfer this data to less expensive secondary storage with lower accessibility and availability requirements unless or until a warranty claim or another event triggers its need.

• As the warranty gets voided the data is deleted or archived thus space gets free.