One of the most important but often overlooked elements of running a profitable business is planning how to manage data. Whether a business functions in the social space, as local merchant processing payments, or even as an API provider with a login portal, businesses handle mass amounts of data, and knowing how to handle this data is vitally important.

Figuring out how to handle data in compliance with the law and with internal policy is called creating a Data Management Plan. While there are many very important aspects to a Data Management Plan, the three covered in this piece are of prime importance – Data Generation, Data Retention, and Data Deletion.

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