A classification system is a key element of information management that provides the structure within which information is managed. It also facilitates the retrieval of information to support decision-making. Records classification systems are developed and used to support all stages of the records and information management lifecycle.
With storage as such a high priority, the department (i.e. high-level only) Information Knowledge Management Division's budget was $8.2 million, with 75% allocated towards (digital) data storage. (Information management costs for specific branches within the department are in addition to these figures.) It should also be noted that, according to the