Retention policies not only mention how long to store data but also the timeline and methodology for retiring it.
Data retention refers to the practice of holding on to a data asset for a limited period, as per the wishes of the data owner, business relevance, or industry rules. Retention policies not only mention how long to store data but also the timeline and methodology for retiring it. Data retention policies will determine how much cloud storage you occupy, the frequency of backup and transfer processes, and cloud storage costs.