LU Long Term Archival Plan for Finance Industry Discussion

Description

digital preservation can be defined as the long-term, error-free storage of digital information, with means for retrieval and interpretation, for the entire time span the information is required to be retained. Though this assessment holds true to the authors, business organizations continue to face significant challenges in meeting their LTDP needs, especially those organizations whose primary mission is to preserve and provide access to permanent records.

Looking at your identified industry for your paper, what considerations would have to be made in developing a long-term archival plan for a company within that industry?

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Reply:

Considering that they will store data for a long time, they must choose a storage medium that can last longer as stipulated by the organization’s retention policies. For example, they can archive data in ZIP formats. Also, the use of the LTO tape-based approach to archive data for the long term.Also, they should consider the accessibility of the storage devices sued for archives. Even though there is no better way to predict if any storage device can stand the test of time, it is important to choose those storage devices that support long-term archival plans

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Offline data storage is the physical storage of data using physical storage devices such as hard disks (Starr et al., 2020). On the other hand, online data storage involves backing up large volumes of organizational data through cloud storage. Both storage methods have their merits and demerits. For example, when an organization opts for the physical method of storing data, it enjoys a more security-proof system but also faces the disadvantage of long accessibility times, especially if there is no chronological method used to store the data(AP)

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