A lot of places will set up a new clean empty JIRA (with the same version) that is working with the new database.
Then you export from the old one and import on the new one, replacing the "empty" data, as Joe said. That leaves you with the old system running intact if anything goes wrong.
@Joe Pitt and @Nic Brough [Adaptavist] here are my questions-
1) So in your comment Joe, you mentioned that I have to take the back up ...So this is done using "g+g+Backup" and it get stored in the Export folder..Correct?...This will be my step one , isn't it?
2)After the backup is taken,how do I change the pointers to the oracle database in another server?
3)Once I change the DB, I import the back up folder using "g+g+import"...isn't it?
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