Data lifecycle management helps organizations manage the flow of data from its creation to its final deletion. This process encompasses various stages, including data creation, storage, usage, and archiving. By implementing effective management strategies, organizations can ensure data quality, compliance with regulations, and security. Properly managing the data lifecycle also leads to improved storage efficiency and cost reduction. Ultimately, data lifecycle management empowers organizations to leverage their data assets for better decision-making while mitigating risks associated with data misuse or loss.