December 12, 2007 - Informatica Corp. announced findings from an independent research study it commissioned Bloor Research to undertake on the data migration market.
The total budget for data migration projects undertaken by just Global 2000 companies in 2007 is set to break the $5 billion mark, rising to $8 billion by 2012. Yet, 64 percent of these projects are not delivered on time and 37 percent experience serious budget overruns that boost project costs by an average of 30 percent, according to the study.
According to the study, data migration time and cost overruns can be substantially reduced or even eliminated through preventive actions and the application of appropriate disciplines - including data governance, on-going data quality programs, focused migration methodologies and the up-front use of data profiling and data analysis techniques.
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