Previous Next JavaScript must be enabled to correctly display this content

## 1 Overview of Data Migration Utility

Oracle Banking Data Migration Utility is a software tool or set of tools designed to facilitate the transfer of data from one system or storage format to another. This process is often necessary when organizations upgrade their software, adopt new technologies, or consolidate data from multiple sources.

The purpose of the data migration utility is described as below:

Table 1-1 Purpose of Data Migration Utility

Purpose | Description
--- | ---
System Upgrades | When transitioning to a new software system or upgrading an existing one, data migration utilities help transfer data seamlessly, ensuring that valuable information is not lost or corrupted in the process.
Platform Changes | Moving data between different platforms, such as from on-premises servers to cloud-based solutions, requires a data migration utility to handle the transfer efficiently.
Database Changes | Organizations may switch databases for various reasons. A data migration utility can aid in moving data between different database management systems.
Data Consolidation | In cases where data is scattered across multiple sources, a migration utility can be used to consolidate information into a centralized location.