Tata Consultancy Services launches TCS Dexam data marketplace platform on Google Cloud

Tata Consultancy Services (TCS), a global leader in IT services, has launched the TCS Dexam data marketplace platform on the Google Cloud with an aim to empower enterprises to democratize and monetize their data within collaborative ecosystems.

As businesses join forces to develop new products and services for their customers, the need for effective and secure data sharing mechanisms becomes crucial. TCS Dexam addresses this requirement by providing a seamless data exchange solution for enterprises and their ecosystem partners, all while ensuring compliance with data privacy, consent, and security regulations.

Nidhi Srivastava — Tata Consultancy Services Global Head of Google Business Unit said: “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.

“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.”

Tata Consultancy Services announces the launch of its TCS Dexam data marketplace platform on Google Cloud. Photo courtesy of Rameshng/Wikipedia.org.

TCS Dexam operates as a Software-as-a-Service (SaaS) model, breaking down barriers between different departments and enabling controlled data exchange and enhanced data governance both within and across organizations.

By offering a cloud-agnostic environment, the data marketplace platform creates a self-service and secure space that utilizes standardized tools and technologies to facilitate data extraction, analytics, and visualization. This streamlined process allows enterprises to monetize their data through manageable contracts.

A key feature of the TCS Dexam data marketplace platform is its seamless integration with Google Cloud services. This integration simplifies the process for businesses to access and utilize the data they need within their own applications and services.

Victor Morales — Google Cloud Vice President of Global System Integrators Partnerships said: “Businesses are seeking tools that enable information to be easily combined from a variety of sources while meeting their stringent security and compliance needs.

“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.”

Leveraging Google Cloud’s robust security and compliance features, including data encryption and access control, TCS Dexam ensures that data remains protected and used in accordance with industry regulations and best practices.

One of the early adopters of TCS Dexam on Google Cloud is the Rail Delivery Group, which is utilizing the data marketplace platform to establish the UK Government’s Rail Data Marketplace. Through this initiative, strategic partners, data publishers, and data consumers are brought together on a single platform, fostering innovation and facilitating the development of new products and services.

The ultimate goal is to enhance the passenger experience and optimize the movement of freight. Additionally, the solution has the capability to measure environmental characteristics, aligning with the UK’s rail decarbonization plan.

The TCS Dexam data marketplace platform complements Tata Consultancy Services’ other data and analytics solutions, including TCS Daezmo, a suite designed for data estate modernization, ensuring faster time-to-revenue and reduced risk for enterprises. Another offering, TCS Datom, assists enterprises in assessing their data maturity and establishing a comprehensive data and analytics strategy.

The Tata Consultancy Services Google Business Unit delivers a comprehensive catalog of services and solutions to customers, combining the Indian IT company’s extensive contextual knowledge and industry-focused innovation with the capabilities of Google Cloud. These offerings include advisory services, foundational cloud-build and security services, cloud migration and modernization across infrastructure, applications, and data, AI build and deployment services, managed services for hybrid and multi-cloud environments, and tailored digital solutions across various industries.

With the introduction of TCS Dexam data marketplace platform on Google Cloud, Tata Consultancy Services continues to lead the way in empowering enterprises to harness the full potential of their data, enabling collaboration, innovation, and growth within dynamic ecosystems.