Tag Archives: enterprise applications
IT application managers are constantly going through a process of integrating, modernizing and consolidating enterprise applications to keep them efficient and providing the maximum business value to the corporation for their cost.
But, it is important to remember that there is significant risk in these projects. An article in the Harvard Business Review states that 17% of enterprise application projects go seriously wrong; going over budget by 200% and over schedule by 70%. The HRB article refers to these projects as “black swans.”
How can you reduce this risk of project failure? Typically, 30% to 40% of an enterprise application project is data migration. A recent study by Bloor Research shows that while success rates for data migration projects are improving, 38% of them still miss their schedule and budget targets.
How can you improve the odds of success in data migration projects?
- Use data profiling tools to understand your data before you move it.
- Use data quality tools to correct data quality problems. There is absolutely no point in moving bad data around the organization – but it happens.
- Use a proven external methodology. In plain English, work with people who have “done it before”
- Develop your own internal competence. Nobody knows your data, and more importantly, the business context of your data than your own staff. Develop the skills and engage your business subject matter experts.
Informatica has industry-leading tools, a proven methodology, and a service delivery team with hundreds of successful data migration implementations.
To find out more about successful data migration:
- Informatica World: Visit us at the Hands On Lab – Data Migration.
- Informatica World: Informatica Presentation on Application Data Migration.
Application Data Migrations with Informatica Velocity Migration Methodology
Friday June 5, 2013 9:00 to 10:00
- Informatica World: Data Migration Factory Presentation by Accenture
Accelerating the Power of Data Migration
Tuesday June 4, 2013 2:00 to 3:00
- Bloor White Paper: Lower Your Risk with Application Data Migration: Next Steps With Informatica
- Informatica White Paper: De-Risk Your Application Go Lives
This is the first in a series debunking three common myths about enterprise applications and the data that drives them.
Myth: Enterprise applications and the data in them live and die together.
Fact: Applications and data have different lifecycles. Sometimes the life of the data is shorter than the application. Sometimes it is longer. Either way, the friction between the two raises the cost and complexity of sustaining your applications. To get this under control, you have to have a separate approach for managing the data vs. managing the application. (more…)
Data is the Answer, Now What’s the Question? Hint: It’s The Key to Optimizing Enterprise Applications
Data quality improvement isn’t really anything new; it’s been around for some time now. Fundamentally the goal of cleansing, standardizing and enriching enterprise data through data quality processes remains the same. What’s different now, however, is that in an increasingly competitive marketplace and in difficult economic times, a complete enterprise data quality management approach can separate the leaders from the laggards. With a sound approach to enterprise data quality management, organizations reap the benefits of turning enterprise data into a key strategic asset. This helps to increase revenue, eliminate costs and reduce risks. Using the right solution, organizations can leverage data in a way never possible before, holistically and proactively, by addressing data quality issues when and where they arise. Doing so ensures key IT initiatives, like business intelligence, master data management, and enterprise applications, deliver on their promises of better business results. (more…)
It is estimated that organizations spend more than $37 billion annually on enterprise application software licenses alone – not including maintenance, services or other associated costs. So enterprise applications have been and continue to be huge investments for many companies. In fact, many companies have multiple ERP and CRM systems running across various divisions and business units. So you would think enterprises have all the bases covered, right? Not necessarily – a huge piece of these investments get neglected or overlooked, and that is the data that is tied to these systems.
This is the assertion of a new study from Datamonitor, which concludes that while billions upon billions are spent on enterprise application systems, organizations are not investing nearly enough resources or attention in the data that will be moving in and out of these systems. (more…)