Information Value Evaluation Model for ILM

The first step towards the information lifecycle management is to differentiate information by values. This paper presents an evaluation model for information value. The idea of the model is from commodity value discipline in economic area. The output of information value evaluation model is determined by information itself which is like commodity price is determined by use-value in economic area. The output of the model is changed around the real information value and controlled by the relationship between information supply and demand. The output of the model is determined by factors from three aspects that are information itself, information supply, and information demand. When applying the model into traditional information management approaches, such as replication, data migration, and backup, those mechanisms control the output of the model through adjusting the ability of information supply.