If you are not managing your information, you are not managing your business.
Data is described as the new oil. Managing your data and information required planning and an approach that considers the lifecycle of data.
The nature of the phases of that lifecycle can vary depending upon the application. Figure 1 above illustrates one definition of this lifecycle (Chisholm, 2015). The seven phases are:
And then there is information classification. Being able to understand the breadth of your data in a consistent and considered manner is important to being able to manage it. While predominantly focvused on the government sector, the Queensland Government Enterprise Architecture has a well considered information management classification framework that can be a good start to planning your own (as well as other artefacts of interest).
If you want to know more, contact me for a discussion.