Legacy Retirement: You’ve Had a Good Run
It’s always fun to see old friends. Seems the same circles still exist that have existed for a while in the insurance space. Informatica had a great time and was pleased to sponsor the IASA 2015 Conference in Las Vegas last week. So many great messages were heard and the interactions were fulfilling. One theme that emerged in a number of sessions and polls that were conducted was the topic of Legacy Retirement. In other words, how do you get that data from those legacy insurance applications and databases into something that is more future proof and ready to innovate.
Let’s talk about that for a bit. It feels like the last 20 years have all been on the same trajectory. Introduce web technology and financial services firms have been bootstrapping legacy systems every since to try to stay at least current with the technology needs of the business. But, increasingly, that’s not sufficient. Beyond traditional eCommerce, businesses need deeper analytics, better customer insight and to get more from their data. And that can’t be done in a batch, ultra-structured and inflexible core system environment.
So, now, if you’re a financial services or insurance company, one of your top priorities is to get data from those legacy systems and then slowly decommission them. But this is a risky proposition in enterprise technology. It’s risky in terms of potential data loss. It’s risky in terms of the systems up and downstream that need access to that data. And finally, the process is delicate as users get access to new data and systems in the revamped applications.
So what can be done? Foremost, of all the things that can be done, there needs to be a way to insulate the organization from the risk. IMHO, this can only be done with a hub technology that assists in both publish/subscribe of the data that goes through it as well as the integration of the data with other systems. And all the goodness of the integration like data quality, if you can get a technology that does that…then you’re a winner.
Well, I have three words for you. Data Integration Hub. That’s DIH for short, from Informatica. Data Integration Hub allows an organization to provide that pub/sub buffer between old and new systems as well as the connection to all other dependent systems that provide data to the process. Most of all, do not listen to those vendors that tell you that legacy migration is a “click a button and move the data” type of operation. What you want is to constantly be vigilant on the systems that are connected to the old and new sources. The enterprise needs a robust data migration practice including great technology. Data Integration Hub allows you to be connected not just to the data changes as you migrate, but process the integration and quality tasks needed as an ongoing activity for any robust data management infrastructure.
So let’s listen to the experts. A majority agree that legacy retirement or migration is a big investment to be made. The folks at IASA agree. Now, let’s get down to the technology that works in that environment and gives you above and beyond your investment. Data Integration Hub…was there every any question?