If your data is stored in Excel spreadsheets, then it may incur you a lot of time and money to migrate data from Excel. Data migration cost depends on the amount of data to be transferred, your current software, availability of migration tools, complexity of data, and gaps between the existing system and the new system. If you choose to transfer data on your own, you can avoid paying the cost of data migration. Most companies opt for data migration services from a vendor, which raises the cost of product ownership.
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