From good old WikiPedia: Information Lifecycle Management
I’m rather ashamed to admit I don’t know nearly enough about ILM. Moreover how to integrate an ILM solution into an existing DAM like Cumulus. The frustrating thing is I just don’t seem to know of many (or any) ILM integrations for my DAM. The one thing that comes close is the PresSTORE Integration developed by Canto Partner, Moksa.