What does the 'Archival' step in the Data Lifecycle refer to?

What does the 'Archival' step in the Data Lifecycle refer to?

• A. Creating new data
• B. Storing data for future access
• C. Inputting data into a live system
• D. Sharing data with the public

Answer: (B)

The 'Archival' step in the Data Lifecycle specifically refers to the process of storing data for future access. This phase is crucial because it involves preserving data that is no longer actively used but may still hold value for future reference, compliance, or historical analysis. Archiving ensures that this data is safely stored in a manner that allows for retrieval when needed, without cluttering active data storage systems. This practice is essential for organizations that need to manage large volumes of data efficiently while adhering to regulatory requirements related to data retention. In contrast, the other options focus on different aspects of data management, such as creating, inputting, or sharing data, none of which pertain to the concept of archiving.

The 'Archival' step in the Data Lifecycle specifically refers to the process of storing data for future access. This phase is crucial because it involves preserving data that is no longer actively used but may still hold value for future reference, compliance, or historical analysis. Archiving ensures that this data is safely stored in a manner that allows for retrieval when needed, without cluttering active data storage systems.

This practice is essential for organizations that need to manage large volumes of data efficiently while adhering to regulatory requirements related to data retention. In contrast, the other options focus on different aspects of data management, such as creating, inputting, or sharing data, none of which pertain to the concept of archiving.