Agree with the points made here, the topic of lifecycle management is rarely considered seriously. It also goes beyond lifecycle, to better understand the context of the data and decisions that are influenced by that data.
What Is Data Flow and Why Should You Care? by Eric Kavanagh
What goes around surely comes back around, which in the world of data is often called lifecycle management. To be blunt, very few organizations have ever formalized and implemented such a grandiose practice, but that's not a pejorative statement, for only until recently has the concept become seriously doable without great expense. ... "