Four Considerations for Data Modernization Initiatives
January 31, 2023
Virtually every organization is already on a data modernization journey. While reasons vary, the need often stems from the massive growth of data and the desire to use it in transformative ways. Cloud-based content repositories allow firms to process and share data faster across their organizations to improve content workflows and customer experiences while driving new revenue programs. In many cases, firms can simultaneously lower total cost by moving critical infrastructure out of the data center, which is also becoming more important as the global economy downshifts from a “growth at all costs” posture.
While the benefits of moving data to the cloud are clear, the path is less so. Data security and governance are significant concerns for most organizations, whether they are part of highly regulated industries or just store customers’ Personally Identifiable Information (PII).
When done poorly, data modernization can wreak havoc on a business by disrupting content workflows and business operations and reducing employee productivity and satisfaction, as they straddle new systems and tools or lost revenue opportunities. To simplify cloud migration and move data quickly without disruption, firms need the right tools and a technology partner that supports them throughout their modernization journey and beyond.
Since data modernization is all about making better use of the valuable information firms have in their data stores, IT decision-makers should consider these four questions when charting their course:
1. Are users connected to the data they need?
Your employees need secure, remote access to the content that drives your business now and in the future. Most data modernization efforts seek to eliminate data silos to improve decision making and customer experience. However, modernization efforts can create more disparate sources in the near term, requiring the use of multiple applications. Eliminating information silos across technology ecosystems and enabling teams to connect applications streamlines processes and enables employees to quickly access information essential to successful change initiatives and their ROI.
2. Do current content management processes hinder productivity?
Content-rich business operations that rely on time-consuming manual processes for data governance leave organizations vulnerable to human error, regulatory infractions and missed opportunities. Are your current processes effective, or are you potentially migrating tools and processes that run counter to your goals? If your organization is not leveraging intelligent automation and other instrumental technology, chances are your content processes lack the productivity to keep up with competition.
3. Is your company vulnerable to compliance infractions?
Successfully managing and exploiting critical enterprise information requires a simplified, transparent and secure content management infrastructure—especially with so many companies adopting new ways of working. Remote working models have increased the chances of unstructured data and content sprawl within business environments. If your organization lacks a comprehensive information governance strategy, it is vulnerable to compliance issues, high litigation costs, confidentiality breaches and threat actors.
4. Are your operations agile enough?
With constantly evolving consumer demands and regulatory requirements and the implementation of remote working models, agility is critical for organizations. While cloud migration projects are necessary, they appear costly and daunting to many business leaders—but they don’t have to be.
By implementing highly integrative, flexible content management services software, like Rocket Software’s Mobius 12, businesses can take a hybrid approach. Following its most recent upgrade, Mobius 12 not only simplifies and streamlines data management, but the innovative content services platform also enables businesses to take a more strategic, less disruptive approach to data migration. Leveraging, Mobius 12, IT teams can move limited content to the cloud “as needed, allowing teams to establish a more comfortable, manageable pace and test the flexibility of new cloud technologies. Migrating to the cloud on your own time with Mobius 12 untethers valuable resources for development while simultaneously accelerating your digital transformation journey.
Let Rocket Software simplify your data modernization journey, starting with upgrading to Mobius 12. Let’s schedule a roadmap session to get you up to speed!