The top 500 companies spent over £4.5 billion last year just migrating to new systems. Source: Gartner Worldwide IT Spending Forecast. http://www.gartner.com/technology/research/it-spending-forecast/
I recently wrote an article for Information Age on the true cost of migrating bad data to your new system and the importance of profiling your data before importing. No matter how much you’ve spent on your new system, if it’s running on bad data, it won’t live up to its potential, and will remain threatened by that bad data. When migrating core information systems there are four costs that you must consider:
Time taken to develop/test/implement migration scripts
The cost of training staff on how to use the new system.
Costs associated with running both the new and current system in parallel.
The potential cost of the migration failing or being delivered far later than scheduled.
Don’t worry, it’s not all bad news. Data can certainly be a migration’s great risk, but it can also be its greatest asset. Migration is a favorable time to consider data quality. Only then will the investment so convincingly promised in the marketing brochure be delivered to you and your organization.
Check out my full article on Information Age for more on how data quality tools can automate the profiling of migration data and point out inaccuracies and problems that will reduce the effectiveness of your new system or significantly slow down the migration. If you’re ready to tackle and improve your data quality, this challenge will help.