Executing Successful Data Migration in Divestiture
In today’s dynamic business landscape, divestitures have become increasingly common as companies realign their focus, shedding non-core business units. Amidst such transitions, ensuring the successful migration of data from one environment to another has been marked as a key challenge. Moving data off existing arrays into more modern ones effectively needs comprehensive and seamless execution. That’s why, when businesses require data migration during a divestiture, they hire experts to help them.
One such expert–Fission Consulting–has completed a successful data migration project for a prominent sports and outdoor products manufacturing company. The move became necessary when the client spun off from the parent company. It required a reliable and efficient solution to establish an independent ERP environment, reports Yahoo! Finance.
Fission’s proprietary software suite–ATOM–and its proven project management methodology were employed during the implementation project to address the complexities inherent in the ERP migration. The IT advisory firm conducted this eight-month-long project as a classic lift-and-shift process. It enabled the spun-off company to run its operations on Microsoft Dynamics 365 (D365) as an independent business.
Divestitures, often triggered by mergers, acquisitions, or the need to streamline operations, require careful planning to enable efficient data migration. To have a successful data migration during a divestiture, companies should begin by thoroughly assessing their current data situation. This includes databases, applications, and data dependencies. Identifying all data assets and determining their criticality and sensitivity have been marked as an enabler of a successful data migration project. Leveraging high-end data migration tools can streamline the discovery process and ensure compatibility between the parent and target systems. Ensuring active engagement of all stakeholders from divesting and acquiring entities is critical to align expectations while also addressing potential challenges.
It is essential to conduct comprehensive data cleansing and preparation and eliminate any redundant, obsolete, or irrelevant data before initiating the data migration process. Thus, the volume of information to be transferred can be minimised. Ensuring data consistency and standardisation is crucial to steer clear of any potential complications during the migration process.
Furthermore, emphasis should be placed on ensuring the security of the infrastructure, especially when the transaction involves transferring data between the parent and the divesting company. For companies migrating to a greenfield environment, establishing robust security measures from scratch is necessary. Aligning the parent and divestiture systems is critical to prevent vulnerabilities and potential risks that could disrupt operations.
Experts suggest considering geographical restrictions and regional data law during the migration process. Thorough research and discovery are essential to ensure compliance with these regulations, as they may impact the types of data that can be migrated.
Lastly, dynamic businesses looking to maximise their portfolio through divesting business units are urged to leverage high-end carve-out services. Based on their real project expertise, carve-out services offer pre-defined templates, accelerators, and migration tools that ensure an effortless data transfer. Proprietary data migration solutions such as ATOM by Fission Consulting help minimise technical complications while accelerating data-load readiness successfully. Migration tools support complex transformations and ensure data accuracy through comprehensive validation checks. Some tools even offer real-time reporting, granting companies access to logs on demand throughout the migration.
Through meticulous planning and collaboration coupled with expert help, enterprises can ensure a seamless transition of data assets, leading to a successful divestiture.
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COMTEX_437446976/2764/2023-07-27T13:22:43