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Railways work to use data for improvements, monetisation: Suresh Prabhu

Data creation to carry out commercial and operational opportunity

IANS  |  New Delhi 

Suresh Prabhu
Suresh Prabhu

Railway Minister on Tuesday said the is one of the most "data rich" organisations and is working to use its data for "operational improvements and monetisation".

"The Indian Railways, one of the most data-rich organisations. We are working on leveraging our data assets," Prabhu said while speaking at the on the Railways.

According to him, the data creation is phenomenal in the to carry out commercial and operational opportunity.

"Data can be leveraged for operational improvements and monetisation. We are working on a holistic plan of Mission Rail Development," the minister said, adding that "data analytics must be studied, analysed and monitored to improve the Railways' programme".

He pointed out that technology is ever evolving and the need of the hour is to progress with data analytics.

"shall be the growth engine. Data analytics can help to create a system that may benefit Railways immensely," he said.

 

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