Innovation, modernisation and digitalisation are constants in the world of business. The goals of increasing efficiency, productivity and profitability underpin these business objectives.
As companies worldwide continue their path towards digitalisation, many have data migrations at the top of their priority list.
No two data migration projects are identical, as companies have varying requirements and existing data architectures. Knowing the right data migration approach for your business and investing the time to ensure you have implemented it correctly is crucial for success.
This blog examines the following:
With nearly two decades of successful migration projects under its belt, Transvault understands the complex challenges businesses face when undertaking these types of tasks. This ultimate guide to data migration will help you through the process and ensure you’ve checked all the boxes.
It’s important to be fully prepared for a data migration project and that’s why our guide is comprehensive. In order to best navigate it, click on the below links to jump to the most relevant section:
Depending on business objectives, the reasons for data migration vary. Some of the most frequently cited reasons include:
No matter the reasoning behind a data migration project, it’s essential that the process is smooth and the solution is fit for purpose.
The world is increasingly digital, and digital transformations happen rapidly in today’s fast-paced business environment.
Part of digital transformation is adopting new and emerging technologies and optimising existing business processes and systems. Data migrations are a vital component of this process.
Data migration can play a crucial role in M&As by facilitating the integration of two separate entities into one cohesive organisation, or vice versa for divestitures. Often, the main objective of an M&A is growth.
Here are a few ways in which a data migration project can help facilitate this:
Consolidation of data
During M&A, the two companies may have different systems and data structures. A data migration project can consolidate the data from both businesses into a single system, creating a unified view of organisational data.
Efficient data management
By consolidating data, migration can streamline the data management process. It reduces the risk of errors and makes accessing and analysing the data easier.
Cost savings
Data migration can help reduce costs associated with maintaining multiple data systems. Data consolidation enables organisations to reduce the number of licences, maintenance costs and resources required to manage data.
Improved decision making
A data migration project gives decision-makers a comprehensive view of combined organisational data. It improves decision-making by delivering better operational insights.
Smoother transition
A data migration project helps ensure a smooth transition between the merging companies. Employees can quickly become familiar with new systems and processes by providing a unified view of organisational data.
End-of-life and legacy systems are encountered by all businesses at one point or another – especially as new and emerging technologies become available. Data migration can help transition from these systems in several ways:
Data preservation
Legacy systems often contain valuable data that may be difficult or impossible to recreate. Data migration ensures this data is preserved and accessed in the future.
Maintenance cost reduction
End-of-life and legacy systems are often expensive to maintain due to the need for specialised expertise, outdated hardware or software and the risk of downtime from hardware failure. Organisations can reduce maintenance costs and improve system performance by migrating data to a newer system or a cloud-based infrastructure.
Ensures compliance
Legacy systems may no longer comply with industry or regulatory standards. Data migration and modernisation can help ensure compliance and reduce the risk of penalties or legal action.
Improved efficiency
End-of-life systems are often slow and inefficient, potentially impacting productivity and business operations. Updating data migration systems can improve efficiency and allow organisations to take advantage of new technology and enhanced features.
Enhanced security
Legacy systems often have vulnerabilities that cybercriminals could exploit. Organisations can reduce data breaches and other security risks by migrating data to modern systems with better security features.
