Oracle Solution for Error ora-00409

ORA-00409: COMPATIBLE needs to be string or higher to use AUTO SEGMENT SPACE MANAGEMENT

What triggered the Error:

This is due to migrating from an older release of Oracle with tablespaces created using AUTO SEGMENT SPACE MANAGEMENT. To open the database, the COMPATIBLE parameter needs to be set to the specified value.

What should we do to fix it:

Shutdown and startup with the specified compatibility setting.