Category Archives: Application Retirement
Join us this year at Informatica World!
We have a great line up of speakers and events to help you become a data driven healthcare organization… I’ve provided a few highlights below:
Participate in the Informatica World Keynote sessions with Sohaib Abbasi and Rick Smolan who wrote “The Human Face of Big Data” — learn more via this quick YouTube video: http://www.youtube.com/watch?v=7K5d9ArRLJE&feature=player_embedded
With more than 100 interactive and in-depth breakout sessions, spanning 6 different tracks, (Platform & Products, Architecture, Best Practices, Big Data, Hybrid IT and Tech Talk), Informatica World is an excellent way to ensure you are getting the most from your Informatica investment. Learn best practices from organizations who are realizing the potential of their data like: Ochsner Health, Sutter Health, UMass Memorial, Qualcomm and Paypal.
Finally, we want you to balance work with a little play… we invite you to network with industry peers at our Healthcare Cocktail Reception on the evening of Wednesday, June 5th and again during our Data Driven Healthcare Breakfast Roundtable on Thursday, June 6th.
See you there!
HISTalk published a recent interview with Ochsner Health System CIO, Chris Belmont. Chris and his team are great Informatica clients and I really like how he conveyed the benefits of making Informatica the data backbone of their Epic implementation. I can’t say it any better than Chris already has so I’ve extracted a few take-always below and you can read the entire interview here
On the importance of migrating legacy data into the new EMR: “Informatica was critical in getting us there. We learned on the first site. We thought it was a good idea to go in there with an empty slate and say, let’s just build it all from scratch and start with a clean slate. Let’s make sure the record’s in good shape. We quickly realized that was a bad idea. Not just in the clinical areas, but in the registration area.”
On the value of Application Retirement: “That’s going to be a big win for us. In fact, we’re targeting about $13 million in operational benefit when we turn off those legacy platforms. Informatica is going to allow us to get there.”
On not ever being 100% Epic: “We’re watching it, but frankly it will be a while – and I would argue never – that we’ll be 100 percent Epic. A lot of the data that we have that Informatica allows us to get our hands on and load into our warehouse is non-Epic data.”
On the nuggets Informatica is helping them to uncover: “We’re correlating a lot of data, not just from Epic, but I think right now we have like 25 different systems that we’re running through Informatica and into our warehouse. The gold nuggets that are coming out of that data are just tremendous.”
On challenges and opportunities: “It’s going to be, how do we do more with the data we have…having that data in a format that’s easily, quickly, and very accessible is going to be key. Gone are the days where you can throw an army of analysts in a room and say, “Give me this report” and you wait three weeks and they give you something that’s less than optimal. I think the days of, “Tell me what I need to know before I even know that I need to know it” — I think those are the days that we’re looking forward to. With the tools we have with partners like Informatica with their tools, I think we can achieve it.”
Meet Chris and his team in Informatica Booth 5005 during HIMSS 2013.
HIMSS 2013 — right time, right place, it’s on!
According to a 2011 Ovum survey, 85% of respondents cited ballooning data sets as the cause of application performance problems. Many IT organizations fell short in 2012 letting unmanaged data growth impact the business. This year, Informatica is witnessing a surge of interest in Enterprise Data Archive solutions. This interest is being created because executives want to invest in innovative technologies for real-time and operational analytics. Yet, with little to no IT budget increase, IT leaders are getting creative.
Businesses are moving from on premises applications to Software as a Service (SaaS) freeing up time and resources – yet the legacy application being replaced all too often stays in the data center consuming costly resources. IT leaders are recognizing the quick win of retiring legacy applications. An application retirement strategy supports data center consolidation and application modernization initiatives – while ensuring data is retained to meet regulatory compliance and business needs. Significant cost savings are realized because mainframe systems can be turned off, maintenance costs go away. With this new source of revenue, executives can fund their analytics projects and drive competitive operations. (more…)
In my previous blog, I looked at the need among enterprises for application retirement. But, what kind of software solution is best for supporting effective application retirement?
It’s important to realise that retirement projects might start small, with one or two applications, and then quickly blossom into full-fledged rationalisation initiatives where hundreds of dissimilar applications are retired. So relying on individual applications or database vendors for tools and support can easily lead to a fragmented and uneven retirement strategy and archiving environment. In any event, some major application vendors offer little or even no archiving capabilities. (more…)
According to the IDC Financial Insights 2013 Predictions report, financial institutions across most regions are getting serious about updating their legacy systems to improve reduce operating costs, automate labor intensive processes, improve customer experiences, and avoid costly disruptions. Transforming a bank’s core systems or insurance provider’s main business systems is a strategic decision that has far-reaching implications on the firm’s future business strategies and success. When done right, the capabilities offered in today’s modern banking and insurance platforms can propel a company in front of their competition or be the nail in the coffin if your data is not migrated correctly, safeguards are not in place to protect against unwanted data breaches, and if you are not able to decommission those old systems as planned.
One of the most important and critical phases of any legacy modernization project is the process of migrating data from old to new. Migrating data involves:
- Ability to access existing data in the legacy systems
- Understand the data structures that need to be migrated
- Transform and execute one-to-one mapping with the relevant fields in the new system
- Identify data quality errors and other gaps in the data
- Validate what is entered into the new system by identifying transformation or mapping errors
- Seamlessly connect to the target tables and fields in the new system
Sounds easy enough right? Not so fast! (more…)
Whether the result of growth or acquisition, enterprises that have been around a decade or longer typically have large and complex information environments with lots of redundant and obsolete applications. But there’s always the worry that one day there will be a need to access the old applications’ data. So these applications are still managed and maintained even though the data is rarely needed resulting in sizable costs in license fees, maintenance, power, data center space, backups, and precious IT time. In many companies, there are hundreds, even thousands, of obsolete or redundant applications, and the business continues to support them with expensive production level infrastructure and SLAs.
But as we’re facing the longest double dip recession for 50 years, businesses are being forced to think about reclaiming this extraneous spend for more strategic purposes by retiring any outdated application…but without losing access to the data. Keeping data from dormant applications “live” as a safeguard is more than just good common sense. In many cases, keeping the data readily accessible is compulsory due to corporate, industry, and governmental compliance demands. But you needn’t spend full production costs to do so. (more…)
The cover of the September 10 issue of ComputerWorld caught my attention; the headline was Rebirth of Re-Engineering. I was intrigued how the analysts and pundits would spin Business Process Reengineering since I hadn’t seen the BPR acronym much since it fell out of favor around the turn of the century. As it turns out, the NEW BPR is all about Lean and Agile and is being led by IT. Wow! (more…)
In this video, Richard Cramer, chief healthcare strategist, and Claudia Chandra, senior director, product management, ILM, Informatica, discuss healthcare and application retirement.
During this discussion (the first of two videos), Richard and Claudia cover the following topics as they relate to healthcare:
- The business case for application retirement
- Additional drivers for application retirement
The second video, discusses application retirement project scope, enterprise IT initiatives and how application retirement is the fastest way for IT to save money now.
Gartner hosted a webinar on January 10, 2012: Gartner Worldwide IT Spending Forecast. One of the topics covered was industry IT spend for 2012.
In covering that topic they made a point of saying that due to severe flooding in Thailand, they expect storage to become in short supply (as much as a 29% global shortfall) through the end of 2012. It is expected that the price of storage/GB will increase as a result and supplies will fall short of demand. They recommended finding alternatives to purchasing storage to keep costs down. (more…)