There are normally A or B reasons that a company will decide that it is time to either sunset or augment an existing system, or plethora of systems and that will require the ability to migrate and transform data from one platform to another.
This is usually due to either a business change such as an acquisition or merger, or a business need that requires the replacement or consolidation of one or more legacy systems in support of a growth or perhaps even a corporate initiative that requires functional or additional data requirements that do not exist or are not supported by the current system. Whatever the reason, most companies do not have the staff expertise or the time and ability to manage a large and very complex conversion strategy.
[Related: Can the P&C industry handle big data?]
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