Lifecycle management is the process of overseeing and controlling data from its creation through its active use, maintenance, and storage to its eventual deletion. This management ensures that data remains secure, compliant with regulatory requirements, and appropriately accessible throughout its lifecycle. Lifecycle management involves implementing policies and procedures for data classification, access controls, encryption, regular audits, and secure disposal. By systematically managing data at each stage, organizations can protect sensitive information, maintain data integrity, and reduce the risk of breaches or data loss.