IRCTC Sell User Data: IRCTC's new plan to raise revenue, will raise 1000 crores by selling customer data

Posted on 19th Aug 2022 04:33 pm by rohit kumar

Indian Railway Catering and Tourism Corporation (IRCTC) is planning to generate revenue of Rs 1000 crore by selling huge data of customers it has. For this, the corporation has issued a tender for the appointment of a consultant. The recently floated tender said, IRCTC has a vast repository of digital data, which opens up immense possibilities for monetization.

 

The Corporation aspires to take advantage of this data asset to generate strong revenue growth. By monetizing this digital data, up to Rs 1000 crore can be raised. For this, it wants to hire a consulting firm that will do the work of identification, design, and development to capitalize on the opportunities of data monetization.

 

The corporation's move is also expected to face opposition from customers as IRCTC has extremely sensitive data like personal phone numbers, home addresses, and bank account details of customers. Customers hand over this sensitive information with the assurance that the data will not pass to any third party. If IRCTC shares this data with third parties then it will be like breaking the trust of the customers.

 

Also Read: Inside Story: Pakistan will hit the stomach of the poor to get a loan of $ 7 billion from the IMF!

Other news

Sachin vs Virat: Sachin Tendulkar or Virat Kohli, find out who Gavaskar considered the greatest batsman in ODI cricket.

Batting legend Sunil Gavaskar has never been one to lightly praise or compare cricket's greats, b

Salman Khan: Fans were happy to see Salman in a new avatar, made this special demand; said- 'Bhai is coming back in shape'

Bollywood's Bhaijaan Salman Khan was last seen in the film 'Sikander'. The film did not do any wo

Apple iPhone 17: Sales of the iPhone 17 began in India today, with long lines outside Apple stores from Delhi to Mumbai.

Tech giant Apple began selling the iPhone 17 series today, September 19th. As always, the craze f

PM Modi: Prime Minister Modi wished the countrymen on Gita Jayanti; and remembered Pranab Mukherjee on his birth anniversary

Prime Minister Narendra Modi on Wednesday greeted the countrymen on Gita Jayanti. Describing the

Kapil Sharma: Kapil Sharma regrets not being able to work in 'Chamkila', said - I cried a lot

The Great Indian Kapil Show is airing on Netflix these days. In the recent episode, Diljit Dosanj

Earthquake in Iran: Earthquake tremors were felt in Iran and UAE, magnitude of 5.6 on the Richter scale

Moderate tremors of earthquake were felt in southern Iran on Wednesday. The European-Mediterranea

Pune Car Accident: After the father and grandfather, the mother was also caught by the police while trying to save the minor; she committed this big crime

A new twist has emerged in the Pune Porsche car accident. Pune Police has arrested the teenager's

Maha Kumbh stampede: There will be a judicial inquiry into the accident, a three-member committee will investigate and submit a report, and compensation of Rs 25 lakh will be given

The Chief Minister ordered a judicial inquiry into the accident and constituted a three-member ju

Indian Railways: Before traveling in the train on Diwali, know these rules, breaking can lead to jail

The five-day-long Deepotsav is going to start in the country on October 22. In such a situation,

Atul Subhash Suicide: The Bangalore team reached Jaunpur, police force sought from SP; major action can be taken

Bangalore police reached Jaunpur on Thursday in the case of Atul Subhash's suicide. A four-member