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Data lifecycle - Modern Industrial Data Technology Lens

Data lifecycle

MIDACOST02: How does your organization manage the full lifecycle of manufacturing data resources?

Effective management of industrial data resources throughout their lifecycle is crucial for cost optimization. This includes tracking resource usage, implementing proper decommissioning processes, and improving compliance with data retention policies.

MIDACOST02-BP04, BP05, and BP06 are closely related and focus on different aspects of managing manufacturing data and resources: retention policies, cloud resource policies, and cost controls. When implemented together, they provide a comprehensive approach to managing your manufacturing data lifecycle while optimizing costs.