Gerald Faust, managing director and CEO, Asia Pacific & Middle East, SNP
Most organisations today recognise the importance of data and the inherent value in harnessing the power of analytics, driving deeper business insights that can help streamline processes, uncover efficiencies, and reduce costs across the board. However, to be truly successful, businesses need to recognise the value in taking this one step further, according to SNP.
Speed, efficiency, and accuracy of data are critical to business success. Organisations risk falling behind competitors if they fail to prioritise technology upgrades and transform the data into actionable insights that will drive their business forward to meet changing industry expectations.
Smart, strategic technology investments are becoming increasingly important and critical to business success. Savvy businesses will recognise that digital data management solutions deliver significant value to their organisations and are already taking steps to upgrade their technology stacks. However, not every organisation is in a position to realise the true value of these solutions, with many failing to properly prepare or harvest their data to achieve success.
Data might be considered the new oil, but realistically it is only valuable when it is refined enough to run businesses efficiently. Organisations must invest in sufficient data migration in tandem with technology solutions to ensure that the information they put into their new tools will churn out deeper insights that can have more positive impacts on their operations.
Failing to cleanse data or deliver properly migrated information can result in grimy data that delivers inferior insights. Data transformation and migration projects can seem overwhelming; however, the value they deliver is immense. Organisations must carefully select the value they need to migrate to their new solution; doing so puts their business at a significant advantage over competitors.
Organisations may be reluctant to leave legacy data behind and be keen to migrate as much historical data as they can; however, this can reduce their capacity to become agile and sustainable intelligent enterprises. Working with a dedicated specialist to support a data migration project can help to reduce the risk and ensure that businesses migrate the most valuable data to deliver optimal performance and better results.
For example, SNP recently supported South32, a globally diversified mining and metals company, to reshape its business portfolio as part of a strategic divestiture. At the same time, its production system needed to be up and running for buyer and seller entities with minimal disruption. This triggered complex data restructuring and customisations in an SAP carve-out to S/4HANA with selective data transformation. The project involved massive database structures and SNP completed it within six months, including a full historical data migration completed within 48 hours.
This is just one example of how businesses can leverage innovative, selective data transformation processes to drive change across their operations and truly become agile, sustainable, intelligent enterprises.
Transformative carve-out projects like this can not only provide businesses with greater data integrity and accuracy, but also with a reduced data footprint and boosted productivity as part of wider organisational transformations at minimal risk and downtime.
