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

Labor Law: Vacation will not be available for three days in a week, the new code will be decided in the meeting of Labor Ministers tomorrow

Labor Law: Under the proposed new labor law, there is no provision for leave for three days a wee

Pune Porsche Case: Hospital Dean Makes Big Allegations against minister-MLA in Pune Porsche Case; Know What Has Happened So Far

The dean of Pune's Sassoon Hospital in Maharashtra has made a big claim. He has alleged political

MS Dhoni Case: Why did Dhoni complain against his friend, money did not go from his account, then how did the fraud of Rs 16 crore happen?

Former Indian captain Mahendra Singh Dhoni has filed a case of fraud of Rs 16 crore against his f

The rural economy picks up pace: Increase in employment and sales of vehicles in the country shows signs of increasing demand

The rural economy of the country is making a comeback. According to a report by American financia

Canadian MP said - strict action should be taken against anti-Hindu groups, Ram temple was damaged

The Ram temple is located in Mississauga, Canada, the temple was damaged in the past and anti-Ind

Bank IPO: TMB fixed a price band of Rs 500-525 for IPO, investment will be done between these dates

Private sector bank Tamilnad Mercantile Bank (TMB) IPO (Initial Public Offering) is coming on Sep

No bar on media coverage in Adani-Hindenburg case: Supreme Court dismisses petition; Said – will give a decision soon on the formation of the committee

The Supreme Court on Friday dismissed a plea seeking a stay on media coverage on the Adani-Hinden

PM Modi US Visit: Talked to Biden, met Trump; Why is Modi's visit to America special before US Elections?

An important meeting is going to take place between Prime Minister Narendra Modi and US Pres

New revelation on the killer bride: Pragati's 'Mooh Dikhai' money and jewelry are safe, elder brother reveals a shocking secret

There is silence at the house of Anurag Yadav, the lover of his wife Pragati, who was involved in

IND vs AUS: India lost the fourth consecutive Test under Rohit's captaincy, from Gavaskar to Shastri these legends lashed out

India suffered a crushing defeat under the captaincy of Rohit Sharma. Under his leadership, Team