A new cross-industry survey has revealed that UK businesses believe data migration projects are too risky and too costly.
The majority (72%) of IT decision makers in financial organisations polled by vendor Kognitio came top of UK industries in its reticence towards the need to migrate data and rationalise operating platforms because of the risk, cost, time and resource needed for such projects.
Also, the larger the business, the more they seemed to shy away from data migration; 56% of companies with fewer than 3,000 employees admitted such factors do not to make such projects worth their while, while 64% of respondents from organisations with a staff of more than 3,000 did.
Polling 100 senior IT decision-makers in the UK across industries such as financial services, manufacturing, and retail in December 2006, research company Vanson Bourne found a large proportion (56%) in other industries that tend to gather extremely large amounts of data, such as retail, distribution and transport, have been discouraged from carrying out data migration projects.
“In the data migration business there is nothing truer than the adage of ‘you do not know what you do not know’,” said Roger Llewellyn, Kognitio chief executive. “So we always undertake a full analysis of the business data which is critical to the success of the project; this is the foundation for the subsequent steps in our methodology. We identify any problems at the start and agree what action needs to be taken. This is a far cheaper solution than discovering the problem at the end of the migration.”
Kognitio provides data migration and platform rationalisation solutions to financial services company, Allianz Cornhill Schemes to take the risk and cost out of their migration projects. “When it came to migrating our customer policies, both the volume and complexity of the policies were critical factors for the business to think about. Each data element needed to be accurately moved across to ensure that the policies were correct and valid once migrated,” said Tim Tresadern, IT manager at Allianz Cornhill Schemes.