Ravi Shankar, VP, MDM Product Marketing, Informatica
How was your last data migration project – was it on time and within budget? Between 1999 and 2007, 84% of the data migrations went over budget and overtime. On an average, data migration projects cost $875,000, and roughly 30% of it is due to project overrun. To complicate the issue further, too often consolidations, migrations, and upgrades are handled as a one-off project leading to costly delays in product launch, minimal to no best practices and reusable assets, and increased risks to realizing business objectives. To top it all, 34% of migrations have lost or missed data.
Successful organizations have combatted these issues using master data management (MDM) as a platform for their systems consolidation, migration, and upgrade projects. MDM creates authoritative and trustworthy data for use in migration, simplifies migration architecture using hub-and-spoke architecture, maintains data consistency across new and old systems post-migration, and, above all, enables reuse of data, mappings, and rules for the next migration project. MDM allows organizations to minimize risk and increase the speed of data migration.
In this webinar, you will learn:
-The challenges in systems consolidation, migration and upgrade
-How MDM helps address these challenges in pre-migration, during-migration, and post-migration phases
-Examples of companies using MDM to manage data migration as a repeatable process
-Expanding the use of MDM beyond data migration for operational and analytical purposes