What does 'Data Migration' mean?

Data migration is a vital aspect of modern-day software tools that enable the transfer of data from one system to another. This feature essentially refers to the process of moving data from an existing application, hardware or storage format to another one. The primary goal of data migration is to ensure that the data is preserved and remains usable after being transferred. The process of data migration involves extracting data from the source system, transforming it to fit the format of the target system, and finally loading it into the new system