MIT Sloan Management Review Article on Why Less Is More in Data Migration
- 2m
- Ethan Murray, Konstantinos Varsos, Neil McConachie, Salena Hess
- MIT Sloan Management Review
- 2021
As the pandemic continues, companies are racing to transfer data from old, bloated IT systems to more nimble, modern setups in order to launch new online services and maintain operating systems remotely. But few of these large-scale initiatives proceed as planned or deliver promised results. Many multiyear IT data migration programs fail — often at a hefty cost.
Companies can reduce their chances of running into trouble by accepting that “less is more.” Below we share three principles companies can follow to successfully shift data into new systems in months instead of years, fueling faster innovation: tagging essential data that must be migrated; leaving behind “nice-to-have” data; and lowering data quality standards, even if it’s only by less than 1%.
About the Author
Konstantinos Varsos is a partner in the transportation and operations practices at Oliver Wyman.
Neil McConachie is a partner in the transportation and digital practices at Oliver Wyman.
Salena Hess is an engagement manager in the transportation and digital practices at Oliver Wyman.
Ethan Murray is a partner in the digital practice at Oliver Wyman.
In this Book
-
MIT Sloan Management Review Article on Why Less Is More in Data Migration
