The Hindu Business Line : `ILM, the new wave in the making'

STOCK exchanges, regulatory agencies such as the Securities and Exchange Board of India, and companies listed on the New York Stock Exchange, and those going global need a new approach to data management, referred to as Information Lifecycle Management (ILM).

ILM, through an integrated solution offered by Hewlett Packard, is emerging as a separate industry stream. It is a holistic approach to management of data stored for a definite period in large agencies and companies. The Head of ILM, Hewlett Packard, for Asia Pacific and Japan, Mr Raj Choudhary, told Business Line that the market for ILM is just about beginning to grow mainly driven by regulatory issues that call for mandatory storage of data for a specific period. Not just storage, these agencies should have easy access and be able to retrieve as and when required and demanded by the authorities.

It is here that the emerging area of ILM offers help to stock exchanges, regulatory body such as the SEBI and host of other companies. Banking, financial and healthcare institutions need to record information based on Securities and Exchange Commission (SEC) requirements and Basel II norms among others.

Mr Choudhary, based in Sydney and on a brief visit to India, said business and regulatory requirements are making it necessary for many companies to provide access to data over potentially long periods of time. "Typically, companies have hybrid solutions that cover some aspects of the entire information management, but do not address them holistically. This is some sort of a challenge company management is faced with.

The market is just about growing and is part of the overall data warehousing estimated at about $20 billion.

Therefore, there are no specific numbers on ILM. Soon we expect researchers such as Gartner to come out with them," he explained.

The ILM solutions are generic,implemented across all companies in all industries. They are custom-designed to meet specific industry requirements, he said.

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