What to do with Legacy Data?

Legacy Refresh

Many companies sit on a big pile of old data or use outdated systems to manage certain company information. These legacy data and applications might still be valuable to the organization, but their inefficiency, poor usability and high maintenance cost do not weigh up against the benefits. To get the most out of your legacy data you should convert these files to new file formats to keep them accessible, readable and searchable in the long term.

What is legacy data?

Companies often rely on old applications to perform important business functions and to retain comprehensive business knowledge. Legacy data are enterprise essential information that is stored in an old or obsolete format or computer system and therefore difficult to access or process.

Is there value in your legacy data?

It is a human tendency to assemble as much information as possible because it might be valuable today or in the future. Due to our natural fear of throwing away possible critical information, we maintain these data as long as possible.

When information is created for the first time it is always of high value. Overtime, when new data storage systems are introduced or new file formats take the lead, the value of this data diminishes. Companies must take a critical look at their legacy data and decide which are still valuable enough to maintain for the future and which are not. This calls for a generic data valorization and classification approach. There is still a big potential value in unstructured legacy data that is contained in old applications or files. As businesses become more and more data-driven, it is essential to reclaim the potential of your essential legacy data.

Do you need to evolve your legacy application? Here are a few valuable reasons.