Tata Consultancy Services has launched TCS Dexam, a data marketplace platform on Google Cloud. 

The platform enables enterprises to democratise and monetise 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 aims to provide a seamless data exchange for enterprises and their ecosystem partners, while ensuring compliance with data privacy, consent, and security regulations.

The Software-as-a-Service platform 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 standardised tools and technologies to facilitate data extraction, analytics, and visualisation to commercialise value via manageable contracts.

TCS Dexam integrates with Google Cloud services, making it easy for businesses to access and use the data they need in their own applications and services. 

“To launch and operationalise 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 democratisation and seamless flow of data within each organisation 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 democratisation and monetisation.” 

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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 decarbonisation 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.”

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