Is your data ready to do business?

Published: 01 February 2018

To compete in the 21st century while protecting your customers from privacy issues and protecting your organisation from disruption, data modernisation is an essential part of future-proofing your business.

Having collected information over many years, data modernisation is about migrating the parts of this legacy data that add value to the functioning of your business; updating it to fit today’s business and legal requirements; and creating a platform that enables access to this core business goldmine.

Knowing that data is crucial to informing business decisions, tdglobal Data partners with organisations through the modernisation process to determine what data will enable them to move forward and – importantly – what legacy data to leave behind.

In short, tdglobal will ensure your data is ready to do business in the global economy; meeting regulatory challenges and protecting both your enterprise and your customers.


The path to data modernisation

The data journey within successful enterprises requires the bringing together of data governance, monetisation, democratisation, and digitisation; each of which means a focus on systems integration, data migration, archiving and data quality.

To ensure all of these functions are combined in a system that enables your organisation to pivot when necessary and facilitate on-the-fly management decisions, tdglobal underpins all these processes with data modernisation; analysing and preparing your data to create the foundation of data value.

Data modernisation gives any enterprise an opportunity for fresh thinking that should result in a platform that supports your growth initiatives. By ensuring a robust base platform, newer and more valuable data sources are more easily integrated as they occur, meaning better business decisions based on clean data.


Future-proofing your position in the economy

Understanding that the longevity of your data requires ongoing maintenance and updating of the information to incorporate both business growth and market sector changes, tdglobal facilitates the business processes that drive data modernisation across the lifecycle of your data.

To assist enterprises in unleashing the power of their data, we ensure that organisations are able to incorporate the support of next-generation applications for data reliability, consistency and usability for maximum effectiveness; establishing a business process trusted by their clients.

This is only possible through data modernisation, which is vital for successfully integrating data across a variety of platforms while still ensure data quality in real time. In the “disrupt or be disrupted” era, staying abreast of changes in legal, business and technology changes is vital to the survival of any organisation. Key to that is ensuring clean, available and updated data.


The ‘how’ of data modernisation

Part of tdglobal’s offering is data migration, which many enterprises can confirm is a risky business that requires specialist preparation as well as the personnel and systems to mitigate loss and other risks during the procedure.

Before making any moves, however, we suggest you prepare by creating a step-by-step blueprint of what you need to do and how you will achieve this.

  • Firstly, assess what data is adding value to your decision making and what you need for your monitoring and reporting.
  • It may be tempting to migrate all of your data from your legacy system, but this will defeat the point of modernisation. Investigate how your data is used now and how you want it to be used in the future to determine the data you migrate to your new platform.
  • Building the right platform for business agility and data longevity starts with looking at your existing data with new eyes, in the context of a market that is likely very different to the one your old data served.
  • Remember that what you are creating is a base platform that allows you to easily integrate new, valuable data sources to enable better decisions and meet the demands of your customers. Make a list of how the data you are migrating must answer this call efficiently, while enabling the growth of new data.
  • Simplification of the architecture of your database will make your system easier and cheaper to build. By migrating the data you need, overall maintenance, collecting and hosting of data costs can be vastly reduced.
  • Note too that simplification often means better security for your customers.


Successful modernisation requires flexibility

The final piece of the successful data modernisation puzzle is using a platform that is flexible enough to be globally functional. tdglobal can create a combination of software and content in a "template", where work can be saved and reused across any data quality, management or migration project.

Flexibility of platform also enables the Governance Team to manage the personnel component with configurable, on-the-fly reporting and dashboards, as well as remote access through mobile devices designated staff members to view and track the effectiveness of data governance.

If you are still wondering whether you need data modernisation, simple answer this: Will your current system stand up to 21st century disruptions that may include cybercrime, any impact of social media and rapidly-evolving regulation?