In 2004, the Storage Networking Industry Association, on behalf of the information technology (IT) and information storage industries, attempted to assign a new broader definition to https://abcadda.com/what-are-the-three-stages-of-the-information-lifecycle/. The oft-quoted definition that it released that October at the Storage Networking World conference in Orlando, Florida, stated that "ILM the policies, processes, practices, and tools used to align the business value of information with the most appropriate and cost-effective IT infrastructure from the time information is conceived through its final disposition." In this view, information is aligned with business processes through management policies and service levels associated with applications, metadata, information, and data.