How does an organization determine the value of its data?

Overview
How does an organization determine the value of its data? The data life cycle covers all aspects of data within an organization—from creation to destruction. You have explored the data life cycle of Green Thumb Nursery in your milestones by developing a data inventory, classifying the data, and customizing policies for the secure storage and destruction of data. For your project, you will respond to new business developments from your customer and reflect on the value that creating a data life cycle has for any organization.

The project incorporates two milestones, which will be submitted in Modules Three and Five. The project will be submitted in Module Seven.

In this assignment, you will demonstrate your mastery of the following competency:

Develop a data life cycle plan for the protection of organizational data
Scenario
You have been consulting with Green Thumb to create its data life cycle plan and have created a first draft. After you created this draft, Green Thumb has provided you with information that would affect the data life cycle plan.

The business owner explains that Green Thumb Nursery has not had vibrant plants for several months and has been trying a variety of nutrients on existing plants. The results are not up to Green Thumb standards. Green Thumb Nursery is looking to invest in creating its own custom fertilizer to be used for its own nursery and also for marketing to customers. Green Thumb Nursery is hoping to bring a competitive edge to the landscaping and nursery business and improve the quality of its existing plants and shrubs. The long-term plan is to bring this to market in two years. As part of the strategic plan, you will need to change the data life cycle plan you have already started.

Prompt
You must address the critical elements listed below. The codes shown in brackets indicate the competency to which each critical element is aligned.

Green Thumb Nursery Data Life Cycle Plan Updates—Using the Project Two Milestone One template for the data life cycle plan, add an additional Microsoft Windows Server 2022 with SQL 2022 to the System Resource/Component column for the new research and development (R&D) work and complete the following:
Logically identify the data from the new resource in the Data Inventory column.
Apply the appropriate classification to the new data you identified in the Data Classification column.
Justify your rationale for applying the classification in the Data Classification Justification column.
Data Life Cycle Management Debrief—Using your experience with Green Thumb, think about how you can apply what you have learned more holistically and answer the following:
Explain the importance of a data life cycle plan for an organization.
Explain the impact that not creating a data life cycle plan has on an organization.
Justify the value of maintaining this plan.

What to Submit
You will submit two files for this project. Submit the completed Project Two Milestone One Template Excel document for the Data Life Cycle Plan Updates. In addition, submit a 1- to 2-page Word document for the Data Life Cycle Management Debrief. Use double spacing, 12-point Times New Roman font, and one-inch margins. Use a file name that includes the course code, the assignment title, and your name—for example, CYB_123_Assignment_Firstname_Lastname.docx.

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