Business restructuring can occur through divestitures, mergers, spin-offs, or internal reorganizations and creates a range of operational and data risk issues. The challenge of separating a business’s data from the existing organization’s claims and shared systems is a complex process that can result in the loss of data or inadvertent breaches of compliance, operational shutdowns, and damage to a business’s reputation.
A structured approach to data carves out approaches that create continuity between the business’s operations while preserving the critical information assets during periods of significant transformation.
- Data complexity in shared IT environments
- Minimizing exposure to compliance and regulatory risk
- Reduction of data loss or inaccuracy
- Decreasing days of operation disruption
Data complexity in shared IT environments
Data carve-out services simplify the challenge of separating data by mapping data dependencies and isolating only the relevant datasets associated with the new entity. A structured approach to Data Carve Out Services minimizes risks associated with accidental data exposure, operational disruptions, and the continuing operation of remaining business units, which are not impacted by corrupted data or lost data.
Minimizing exposure to compliance and regulatory risk
Mishandling of personal, financial, and confidential information during the business restructuring process can lead to violations of the data protection regulations, breach of contracts, and regulatory penalties. The classification, filtering/transfer of Sensitive Data is processed by Data Cleansing Tools, which enable an organisation to ensure compliance throughout the business restructuring process and have clearly defined ownership boundaries.
Reduction of data loss or inaccuracy
Data loss or inaccuracy is a common risk of the business restructuring process due to rushed deadlines and complex migration paths. Because of Data Archiving Solutions, both the business carved out of the parent business and the remaining Parent Company can have confidence in the continued availability of Accurate and Consistent Information.
Decreasing days of operation disruption
Data carving out by Visionsoft provides an opportunity to minimize the productivity disruption by establishing and following a phased approach to extracting or migrating corporate data. By utilizing a phased approach to extract or migrate data, you will achieve a minimal level of disruption to business, as your business will continue to operate without interruption, and your employees/stakeholders will have very limited interruptions to their job functions and responsibilities.
For more information you can visit our website https://visionsoft.com/ or call us at 6097592967