Data Migration Risks
Beginning a data migration journey is like venturing into unknown territory. It has the power to transform your business, open doors to new possibilities, and improve your data infrastructure. But like any voyage, there are risks you need to be aware of and navigate carefully.
Here are five risks associated with data migration that require your attention and careful planning.
Risk 1: Data Loss and Corruption – According to Blancco Technology Group, data loss from data migrations increased by 400% from 2016 to 2019.
Risk 2: Security Breaches and Data Leaks: As per a study by IBM, the average cost of a data breach reached $4.24 million.
Risk 3: System Incompatibility and Integration Challenges:
85% of IT decision-makers face challenges when integrating data between cloud and on-premises applications, says SnapLogic.
Risk 4: Downtime and Disruption to Business Operations: According to Gartner, IT downtime costs $5,600 per minute.
Risk 5: Data Quality and Integrity – 92% of organizations believe that data quality adversely affects business initiatives as per Experian.
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