SCCOST02-BP03 Only store useful data and discard the rest
A well-designed supply chain data management architecture incorporates a data lake to store processed and normalized useful data, while raw data is either discarded or archived in cost-effective storage for potential future needs.
Desired outcome: Data lifecycle is well defined as per business and regulatory requirements.
Benefits of establishing this best practice: Reduced cost, optimized performance, and better customer satisfaction
Level of risk exposed if this best practice is not established: Medium
Implementation guidance
Implement data sanitization to identify, clean, and validate critical information before cloud transfer, while pre-processing data to improve bandwidth efficiency, reduce storage costs, and support high-quality, secure cloud data.
Use edge computing for local analytics and decision-making, prioritizing critical data for immediate cloud transmission.
Implementation steps
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Establish data classification and retention policies that define what data should be kept, archived, or discarded based on business and regulatory requirements.
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Implement automated data sanitization processes to clean and validate data before storage, removing unnecessary or redundant information.
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Deploy edge computing solutions for local data processing and filtering, transmitting only essential data to the cloud.
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Configure automated data lifecycle management to archive or delete data according to established retention policies.
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Implement data quality monitoring to make sure only valuable, accurate data is retained in storage systems.
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Regularly review and optimize data retention policies based on changing business needs and regulatory requirements.