https://ciohub.org/tags/business-data/ Recent content in Business Data on CIO Insight Hub https://ciohub.org/img/og.png https://ciohub.org/img/og.png Hugo -- 0.136.5 en Fri, 05 Aug 2022 07:00:00 +0800 https://ciohub.org/post/2022/08/data-retention-definition-and-concepts/ Fri, 05 Aug 2022 07:00:00 +0800 https://ciohub.org/post/2022/08/data-retention-definition-and-concepts/ <h2 id="introduction-to-data-retention">Introduction to Data Retention</h2> <p>Data retention refers to the process of storing and managing data for a specified period. In today&rsquo;s business landscape, data has become the most valuable asset for organizations. According to a study, 90% of the world&rsquo;s data was generated in the last two years alone, with 2.5 quintillion bytes of data created every day. With the exponential growth of data, it&rsquo;s crucial for businesses to implement a robust data retention strategy to ensure compliance, security, and efficiency.</p>