What is a heat map? Wikipedia defines heat map as “A heat map (or heat map) is a data visualization technique that shows magnitude of a phenomenon as color in two dimensions. The variation in color may be by hue or intensity, giving obvious visual cues to the reader about how the phenomenon is clustered or varies over space” – Source – https://en.wikipedia.org/wiki/Heat_map […]
“The ultimate proof of a successful data migration lies in the complete reconciliation of the general ledger and the successful generation of a trial balance, balance sheet and profit and loss statement from the migrated data” Migration process Before we start let us briefly look at a migration process. It starts with creating a migration […]
Data migration in simple terms is a process by which data is extracted, transformed and loaded from legacy applications and sources to the target application landscape. Since it is a process its steps must be well defined and in a proper sequence to ensure least disruption to the operations and customer service of the organization. […]
At the start of this year, many industry experts in banking predicted that 2020 will be a year of disruption. Three months down and what a disruption it has been. Nobody saw the disruption of Covid-19 coming, impacting not just banking but the entire global economy. Once the recovery process starts, banking industry must be […]
Let’s explore some key challenges banks face in the Data Migration process. We will also explore best practices in the Data Migration process.
Moving to a new core banking system is full of excitement, until the data migration process experiences unexpected interruption despite impeccable planning. One such aspect is leaving behind some data elements that you’ve spent years collecting and organising. Leave behind some data, What does it mean? In a core banking replacement program, data migration is […]