1 Chapter 1. Introducing ILM Information is essential to any business. Organizations have the challenge to efficiently manage information, throughout its lifecycle, related to its business value. The quantity of information and its value changes over time, and becomes increasingly costly and complex to store and manage. This chapter discusses the importance of Information Lifecycle Management (ILM), its benefits, and introduces you to the elements of data lifecycle management. We introduce ILM and business drivers for adopting and building an ILM strategy. This chapter also provides an