The majority of firms avoid or delay migrating business data because of the perceived technical and financial risks involved, with financial firms the most concerned about moving data.
Data management firm Kognitio commissioned a survey by research agency Vanson Bourne into the data migration attitudes of 100 firms across industries.
The survey found that 72% of the financial firms questioned stepped back from data migration projects because of perceived risks.
Survey respondents from the retail, distribution and transport sectors were also cautious, with 56% saying that in the past they have been discouraged from carrying out data migration projects because of the risks, which include costs, time and possible data loss.
Larger firms overall were the most fearful, the survey showed, with 64% of firms with a staff of more than 3,000 putting off data migration projects. The figure was 56% for companies with under 3,000 employees.