Mergers & acquisitions, the ending of a life cycle of an IT system or the discontinued support of the basic technology – these are just some of the many reasons for updating or standardizing the content or technology of IT systems.
Whatever the reason for standardization or updating, it is important that data are migrated into the new application completely, correctly and quickly. The data conversion should be traceable and meet all requirements for proper data management. In the interest of efficient migration, all old data stocks should also be purged.
For data conversion in the insurance industry, complex challenges have to be met which require excellent knowledge of specific business processes:
- Data models in the old and new applications are often different in terms of structure, syntax and semantics.
- Source and target systems handle data differently. Example: In the source system only individual documents are kept, but in the target system, interim balances at the end of the year are required.
- Old data are distributed amongst many applications and their use is rarely documented.
- The conversion usually runs parallel to the implementation of the new application, which means that the available resources are often insufficient.
- Migration procedures may need to be reusable, in case data from other legacy systems have to be migrated into the new application.
- If there are many applications to be migrated, for example business partners, collection/disbursement, commission, inventory etc., a sequence or parallelization which takes the technical dependencies into consideration must firstly be developed for the data to be migrated.
Our Competence Center Data Conversion offers expert support for migration projects, whether as a one-off task or as a regular process. Our specialists possess sound experience of all types of data conversion projects and also have extensive expertise in the insurance industry. Your advantages:
- You keep your resources free for your own core projects.
- You do not need your own technical infrastructure.
- You can benefit from our experience: We support your project with proven methods and tools.
- Our fixed prices ensure certainty in your calculations.
- For regular migrations, we develop a standard migration process and relieve the strain on your resources.
