During the management/planning phase of the data life cycle, a business decides what kind of data it needs, how it will be managed, who will be responsible for it, and the optimal outcomes.
Data lifecycle management (DLM) is a policy-based method for controlling the flow of data in an information system from the point of creation and initial storage to the point at which it is no longer needed and is deleted. Processes for lifecycle management are automated by DLM products. The plan outlines the data that will be acquired, how it will be managed, described, and stored, as well as the standards that will be applied. A business gathers all the necessary data during the planning phase of the data life cycle and decides how to manage it. A business decides what kind of data it requires, how the data will be handled, and who will be responsible for it during the management/planning stage of the data life cycle.
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