TCS secures multi-year deal to develop UK's rail data marketplace

1 Dec 2022 , 10:57 AM

Tata Consultancy Services (TCS) has been selected by the Rail Delivery Group (RDG) to design, develop, implement, and operate the UK Rail Data Marketplace (RDM). TCS and RDG have agreed to a six-year contract with an option to extend the term further.

The RDM will combine disparate sources of rail data into a single digital service, accelerating transportation innovation and improving the passenger experience.

The UK Rail Minister, Chris Heaton-Harris, first announced it in 2021 as part of his plan to encourage collaboration between the government and industry to accelerate innovation and deliver new products and services to improve passenger experience and freight movement.

The RDM will provide tools and frameworks to improve data sharing and real-time information sharing for passengers across the UK. This will make data sharing easier across operational bodies, including the UK’s rail and non-rail transportation systems, as well as the mobility network, said the company on Wednesday.

It will also improve transparency and facilitate a UK-wide railway innovation ecosystem by increasing access to data for public and private bodies.

TCS will use TCS Dexam, a controlled data exchange environment for enterprises and their ecosystem partners, in the development of the RDM.

At around 11.05 AM, TCS was trading at Rs3,466.25 apiece, up by 2.18% from its previous closing of Rs3,392.40 on the BSE. The scrip opened at Rs3,421 and touched intraday high and low of Rs3,471 and Rs3,421 respectively.

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