Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has announced the launch of TCS Dexam™ data marketplace platform on Google Cloud. The platform enables enterprises to democratize and monetize data across ecosystems.
As enterprises come together to form collaborative ecosystems to create new products and services for their mutual customers, they require mechanisms to effectively and securely share data. TCS Dexam provides a seamless data exchange for enterprises and their ecosystem partners, while ensuring compliance with data privacy, consent, and security regulations.
Offered as a Software-as-a-Service, TCS Dexam breaks down cross-functional boundaries and enables controlled data exchange and improved data governance within and across enterprises. The cloud-agnostic platform provides a self-service, secure environment that uses standardized tools and technologies to facilitate data extraction, analytics, and visualization to commercialize value via manageable contracts.
TCS Dexam integrates seamlessly with Google Cloud services, making it easy for businesses to access and use the data they need in their own applications and services. It leverages Google Cloud's built-in security and compliance features, such as data encryption and access control, to help ensure data is protected and used in accordance with industry regulations and best practices.
"To launch and operationalize an innovative ecosystem offering that combines the individual products and services of each of the participants but is more than the sum of its parts, enterprises need to orchestrate the democratization and seamless flow of data within each organization and across the ecosystem," said Nidhi Srivastava, Global Head, Google Business Unit, TCS. "TCS Dexam on Google Cloud generates measurable business benefits by enabling better decisions leveraging the power of data, strengthening innovation-led ecosystem partnerships, and building new revenue streams through data democratization and monetization."
Rail Delivery Group is using TCS Dexam on Google Cloud to help create the UK Government's Rail Data Marketplace. This initiative brings together strategic partners, data publishers and data consumers on a single platform to accelerate innovation and deliver new products and services to enhance passenger experience and the effective movement of freight. Furthermore, the solution can measure environmental characteristics, enabling the ecosystem to align with the UK's rail decarbonization plan.
"Businesses are seeking tools that enable information to be easily combined from a variety of sources while meeting their stringent security and compliance needs," said Victor Morales, Vice President, Global System Integrators Partnerships, Google Cloud. "TCS Dexam on Google Cloud provides a flexible API platform to help enterprises design, secure, and scale data from numerous sources, creating powerful business insights that can improve revenue, operational efficiency, and more."
Dexam complements other TCS data and analytics solutions, such as TCS Daezmo™, a data estate modernization suite that ensures quicker time-to-revenue and lower risk for enterprises; and TCS Datom™, which helps enterprises assess their data maturity and define a holistic data and analytics strategy. The TCS Google Business Unit offers customers a full catalog of services and solutions, leveraging TCS' contextual knowledge, industry-focused innovation, and Google Cloud's capabilities. Offerings include advisory, foundational cloud-build and security services, cloud migration and modernization across infrastructure, application, data, AI build and deployment services, a managed services model for hybrid and multi-cloud environments, and fit-to-purpose digital solutions across industries.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3289.60 as compared to the previous close of Rs. 3304.40. The total number of shares traded during the day was 35207 in over 3679 trades.
The stock hit an intraday high of Rs. 3325.85 and intraday low of 3285.00. The net turnover during the day was Rs. 116148703.00.