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Data monetisation: IRCTC plans to sell passenger database with private to raise Rs 1,000 Crore
- By Elite CIO
Aug 22, 2022
16
Data monetisation: IRCTC plans to sell passenger database with private to raise Rs 1,000 Crore
Indian Railway Catering and Tourism Corporation (IRCTC), the online ticket booking arm of Indian Railways, is exploring options to monetise its bank of personal data of travellers while doing business with private and government firms.
IRCTC, which has sought the services of a consultant to assist with the monetisation process, plans to garner Rs 1,000 crore via this proposed move. The company floated the tender document for hiring the consultant, and it believes multiple sectors, such as hospitality, energy, health and infrastructure, as potential customers for the passenger data.
The consultant will guide IRCTC and Indian Railways on monetisation activities and advise on monetisation value of digital assets observing various Acts or laws including lT Act 2000 and its amendments, user data privacy laws including GDPR (General Data Protection Regulation) and current 'Personal Data Protection Bill 2018 of lndia,” IRCTC said in a regulatory filing.