Content is a collective term used to denote all recorded material, whether physical or electronic, text or multimedia, which belongs to a business. The content usually has a lifespan, which quantifies its relevance and utility. The policies and processes used to manage this content, taking into consideration its lifespan, are collectively known as content management.
Content management policies are used to maximize the content, treating it as a commodity or resource. However, the definition of these policies varies from industry to industry, as the role played by content is different in each. For example, content is treated differently in an educational institute as compared to a website publisher.