“If you torture the data long enough, it will confess.” Wise words from Nobel award-winning Economist, Ronald Coase. Getting insights and intelligence from data is great, but many companies I speak with are on somewhat of a hamster wheel when it comes to the management of their data, particularly legacy data.
Typically, this is because they’ve not been able to decouple the lifecycle of the information from the lifecycle of the application, so they’re stuck. Stuck with an old User Interface (UI) or stuck with the burden of a continual stream of migration projects throughout the year that take-up valuable time and resources.
It’s a familiar pain. In fact, for many organisations, it’s been like that every year, year after year. It’s time to break the pattern. And doing so doesn’t need to be complex, time consuming or manually-intensive.
Data management in 2018
There’s a culmination of reasons to make 2018 the year you take a closer look at your data management. Not just from the bigger strategic compliance perspective, but also from the smaller tactical perspective as well – all those data management issues and niggles that you’ve been meaning to get around to. Now’s the time. With GDPR coming into effect in May, this is the year companies will start executing on their data strategies, pushing data management to the top of the agenda.
In addition to large initiatives around Big Data management, 2018 will also be the year companies find effective ways to better manage their legacy data. As we approach the zetabyte era, continuous migration is simply just not a sustainable model. Decommissioning legacy applications will therefore not only become more frequent, but also more necessary in order to run and maintain an intelligent digital enterprise.
Enterprise Information Management
Legacy decommissioning is important not just because it’s a significant risk and compliance issue, also because it’s expensive. There’s a lot of money tied up in keeping database licences, hardware, resources, and application management alive just to maintain them. And doing so is a poor investment that’s being repeated annually – a strategy which doesn’t benefit anyone except the vendors.
Legacy data management is one of several critical Enterprise Information Management topics we’ll be discussing at the upcoming OpenText™ Innovation Tour Stockholm on 20 April.
As the pace of change, competition and opportunities accelerate, the Innovation Tour brings together critical industry insight, real world examples, peer level discussions and some of the Nordic’s greatest minds all under one roof across the course of a single day. It’s not to be missed, and it will help you get off that legacy hamster wheel for good.
You can register to reserve your place here. I look forward to seeing you there.