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With 90% of businesses already on the cloud, according to stats by 451 Research, data has empowered organizations, allowing them to enjoy working with reduced operational costs, scalability, flexibility, accessibility, better security and enhanced performance.
However, one of the most important aspects to consider while migrating is data continuity. This simply means the uninterrupted flow of data across all systems and platforms. Data Continuity in Oracle Fusion Cloud during migrations is crucial, especially when moving from legacy systems like Oracle E-Business Suite (EBS) to modern cloud platforms. It is necessary to retain access to EBS data during and after the migration so that businesses can continue functioning without disruption. Without access to data, businesses risk losing data silos and historical insights which can impact productivity. Migration for some big organizations can take years so it is important to ensure smooth access to legacy data during the transition.
Netflix took 8 years to move its data completely to the cloud.
Migrating data stacks can be time-consuming, labor intensive and challenging. When businesses take the transformative step to migrate from EBS to Oracle Fusion Cloud applications, one of the challenges they face is ensuring seamless access to some of the data still retained on EBS, which is critical for daily operations, historical reporting and compliance. In such cases, Orbit is the ideal solution among the Oracle EBS to Fusion Cloud Migration Solutions, as it ensures data continuity, helping the business user to effortlessly access and analyze data from multiple data sources, even after data migration to Oracle Fusion Cloud.
What are the main challenges of retaining EBS data after cloud migration?
- Data Loss
One of the biggest challenges of EBS data migration and a major concern while migrating a database is loss of data. So it is important to test for data loss or corruption at intervals all through the migration process.
- Square Peg, Round Hole
The data formats and the structures used by Oracle Fusion Cloud are different, which could be a challenge for organizations moving their EBS to Fusion. It could be difficult to merge or compare EBS data with Fusion Cloud Data for reporting or analytics purposes.
- Data Silos
After migration, the EBS data often remains stored in separate systems, creating data silos and making it difficult to locate the diverse databases or access and analyze data from both EBS and Fusion Cloud in a unified way. Auditing the data can help to identify what needs to be moved and what can remain.
- Manual Extraction Processes
If EBS Post-Migration Data Access is required it often needs to be manually extracted which is tedious, time consuming, prone to errors and also requires significant IT resources.
- No Real Time Access
After migration if businesses need access to real time data for ongoing operations, reporting or compliance, it can get difficult to retrieve the data without an integrated solution, as data will have to be extracted manually slowing down the decision-making process.
- Lack of Data Archival Strategy for EBS
Historical EBS data is crucial as organizations often need it for audits, financial reporting, and analysis. But it gets difficult to access this data if it is not archived properly. Proper archival ensures that legacy data is preserved in an accessible format for future use without clogging the new system.
- Costly and High Maintenance
It is very expensive to keep EBS systems operational only for accessing legacy data. The cost of the infrastructure, software licenses and qualified IT resources can prove to be very cost heavy without added operational value.
- Lack of Data Security
When there is any migration taking place, there is always a risk of data breach or unauthorized access to valuable data. This is especially true of data stored on servers or databases. It is crucial to have security tests and measures along the migration process, as well as ensure that the cloud host provides advanced security tools to prevent threats.
How Orbit Analytics Helps with its Unique Capabilities
- Unifies Data from Diverse Sources
Organizations around the world today are facing a data explosion with the data spread over multiple business applications, ERPs, and various databases for both transactional and operational needs. Sometimes, there is also a need for historical data access, even though it has not been moved to the cloud.
Orbit Analytics helps to generate meaningful insights from all this data by offering a unified data platform (a single source of truth). Orbit has more than 200 integrators and database connectors that allow combining data from any system instantly from across the enterprise.
- Solves Infrastructure Requirements
One of the key benefits of Orbit is that an organization does not have to build expensive and standalone data warehouses which also require dedicated technical support and services. Orbit is designed to pull data from a range of sources (from across the lifecycle of any enterprise, including supply chain, customer side data sets, and internal processes) and use this unified data to build analytical models.
- Enhances Data Security
Unlike other reporting tools, Orbit leverages Oracle Identity and Access Management as well as has its own built-in security management features to ensure data security. Orbit can be accessed either through Orbit Cloud Analytics, which is cloud-based or Orbit Enterprise, where Orbit is installed within the organization’s existing infrastructure, whether it is on-premise or cloud-based. Irrespective of the deployment option, Orbit meets all the latest security standards.
- Tackles the Limitations of Other Tools
Oracle users often adopt OTBI for its real-time transactional reporting with no additional licenses or fees. Oracle’s BI Publisher is also used by users. However, these come with their own limitations. Organizations seeking to derive insights and intelligence from vast amounts of operational data, need a solution that is flexible, customizable and offers an iterative process to analyze data. Orbit is designed to complement both OTBI and BI Publisher, pushing reporting capabilities beyond what these Oracle reporting options offer. One of the Orbit’s key advantages is the self service options and the wide range of pre-built reports that can be built without the help of a developer.
- Authentication & Authority
Orbit truly integrates with Oracle Cloud ERP Applications. Users can login to Orbit with their Oracle Fusion login details, run reports in Orbit and have a window into data stored in Fusion from within Orbit. With the same Oracle credentials, users can take full advantage of all of Orbit’s features.
- Financial Reporting using Orbit
Orbit is used widely for financial reporting all over the world. Users can build financial statements from real-time data in Oracle Fusion Financials Cloud and also drill down into Subledger Data stored on the cloud. Finance teams can get quick answers to key business questions, with hundreds of subledger drill-down reports for modules like Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Purchasing, and more. Orbit allows seamless creation of charts, applying filters and using conditional formatting to view journal activity for any balance. Orbit helps expedite the reconciliation and close process, and ensures the entire process of financial reporting is efficient, accurate and reliable.
- Drill Down within Excel
Orbit’s GLSense for Financial Reporting helps to produce financial reports with the convenience of Excel, but with reduced complexity and risk that comes from managing spreadsheets. GLSense can be used to quickly build financial statements within Microsoft Excel. When creating a new statement, it will automatically populate with live data on Oracle Fusion Financials.
To conclude, Orbit Analytics is designed for reporting and analytics of data from diverse ERP systems. It is the best solution for Oracle Fusion Cloud migration for businesses as it ensures continued access to valuable historical data, during their digital transformation journey. Its pre-built integration capabilities, combined with the self-service model makes it an extremely powerful tool for organizations while at the same time making it easy to implement.
To know more about how Orbit Analytics can enhance your migration journey, book a demo today.
