Dealing with a company merger or acquisition can often be exciting, but also a blessing and a curse. While it might bring new life to your company joining with another enterprise, it could mean chaos in migrating your old data.
All the data you've accumulated since the digital era began could end up being lost if not properly handled.
Yes, the entire process of data migration truly sucks, but it doesn't have to when you have the right platform in place. What it really takes is being prepared and not being too proud to call in experts.
What Should You Do First When the Merger Takes Place?
Identifying who your stakeholders are is one of the most important steps after your merger takes place. During acquisitions, your stakeholders may not sign on to where you'll be migrating your data. You have to get everyone on the same page before going forward since you might find some contention if you don't tell everyone.
This first step helps clear the way to tackle other hurdles in transitioning your data to a new place. It also removes potential legal problems that might occur if a stakeholder feels they were left out of where you're moving the data.
Bringing in Experts to Help Your IT Team
Don't think your IT department is going to handle the data migration well if they have no prior experience with the process. Many of them may get overwhelmed at the sheer amount of data you need to port. Also, with different departments in your IT team, some of them may inadvertently duplicate data during the move.
Bringing in IT experts who know how to move your data with more efficiency is a must to avoid tech confusion. You could call in a data migration vendor, though it's better to invest in a platform that can help migrate data faster.
Finding Where Your Data is Stored
Do you know where you've stored your data to avoid delays during the transition? You may have your data stored in multiple places, in some cases on different servers or physical locations.
How are you going to gather all of that so the migration doesn't have data gaps? You'll need extra time to do it all manually. When time is short during your merger, it could pose a big problem to get it done by a deadline.
Hopefully, you've digitized your data to make things easier rather than transporting physical files to your new headquarters.
Using SwoopTalent to Migrate Your Data
At SwoopTalent, we've invented a platform that provides convenient solutions to the challenges listed above. We can take all your data from multiple sources and convert it into whatever system you'll use.
What makes us different is we can supplement your data with publicly available data from sources like LinkedIn and Github. This ultimately helps add more valuable data than what you had before. Having a richer dataset from what you had can help you glean more business details to make smarter decisions in the future.
After a merger, this is all the more important to keep yourself competitive in an increasingly more challenging business world.
Real-Time Data Integration for Reduced Cost and Analytics
Using our platform allows you to integrate all your migrated data in a way that reduces cost from having to use separate programs. McKinsey notes the importance of data integration and how much it can save money within your IT department.
The same goes with gaining improved analytics in your migrated data so you'll know what's going on at all times and in real-time.
You'll be able to gain these features in our SwoopTalent platform. Contact us to learn more about features and how we can make your merger and acquisition experience a smooth data transition.