TCS Unveils data exchange and marketplace platform on Google Cloud

TCS Unveils data exchange and marketplace platform on Google Cloud

Tata Consultancy Services (TCS), the renowned information technology major, has unveiled TCS Dexam, its cutting-edge data marketplace platform. This innovative solution, launched on Google Cloud, empowers enterprises to democratize and monetize data seamlessly across various ecosystems. By facilitating controlled data exchange, TCS Dexam enhances data governance while ensuring compliance with stringent data privacy, consent, and security regulations.

Operational Mechanism of TCS Dexam

TCS Dexam eliminates cross-functional boundaries by enabling enterprises to exchange data in a controlled manner, thereby improving data governance within and across organizations. This cloud-agnostic platform provides a self-service, secure environment that employs standardized tools and technologies for effortless data extraction, analytics, and visualization. These functionalities allow enterprises to commercialize data value through manageable contracts. TCS Dexam primarily operates as a software-as-a-service (SaaS) platform.

Integration with Google Cloud Services

TCS Dexam seamlessly integrates with Google Cloud services, simplifying data accessibility and utilization for businesses in their applications and services. Leveraging the built-in security and compliance features of Google Cloud, including data encryption and access control, TCS Dexam ensures data protection and adherence to industry regulations and best practices.

Nidhi Srivastava, Global Head of the Google Business Unit at TCS, emphasizes the measurable business benefits of TCS Dexam on Google Cloud. It enables better decision-making by harnessing the power of data, strengthens innovation-led ecosystem partnerships, and establishes new revenue streams through data democratization and monetization.

Applications of TCS Dexam

One notable application of TCS Dexam is its implementation by the Rail Delivery Group, supporting the creation of the UK government’s rail data marketplace. This collaborative initiative brings together strategic partners, data publishers, and data consumers on a single platform, fostering innovation and the development of new products and services. The goal is to enhance the passenger experience and ensure the efficient movement of freight. The solution also measures environmental characteristics, aligning with the UK’s rail decarbonization plan.

Victor Morales, Vice President of Global System Integrators Partnerships at Google Cloud, highlights the significance of tools that enable businesses to combine information from diverse sources while meeting security and compliance requirements. TCS Dexam on Google Cloud provides a flexible API platform that enables enterprises to design, secure, and scale data from multiple sources. This capability generates valuable business insights that can enhance revenue and operational efficiency, among other benefits.

TCS Dexam in Conjunction with Other Data Solutions

TCS Dexam supplements TCS’s portfolio of data and analytics solutions, including TCS Daezmo, a suite for modernizing data estates. This solution facilitates quicker time-to-revenue and reduced risk for enterprises. Additionally, TCS Datom assists enterprises in assessing their data maturity and defining comprehensive data and analytics strategies.

About TCS:

Tata Consultancy Services (TCS), headquartered in Mumbai, Maharashtra, is an Indian multinational company that provides information technology services and consulting. As a subsidiary of the Tata Group, it has a global presence with operations in 150 locations spanning 46 countries. By July 2022, TCS had amassed a workforce of over 600,000 employees worldwide.

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