Various functions of the railways such as passenger reservation, movement of goods trains and asset management will be brought within the ambit of the software.
Named as 'One ICT', the sophisticated software would cost about Rs 5,000 crore over the next five years and will cover the entire gamut of functional requirements of the railways, said a railway ministry official.
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"Numerous stand-alone software have been developed by the railways for various purposes. For the first time, we are moving towards an integrated software which will be like a single-window system," said the official who is involved in the project.
To develop the software, the railways will organise a day-long conference, involving leading software companies, here tomorrow to draw the roadmap. It is likely to form a special purpose vehicle (SPV) to develop it.
The conference would be inaugurated by Railway Minister Suresh Prabhu.
'One ICT' will cover all the aspects, including cost analysis, attendance, accounting, asset management, medical management and land management, of the railways.
Better capacity and asset utilisation would help the railways run more trains, carry more freight, provide better and reliable services to passengers, increase its revenues and make its operations more safe.
This will be ensured by the 'IR-OneICT' platform with the help of best-in-class technology and world class business analytics, advanced software solutions available and automated data collection from a single source with real-time availability, said the official.
The public carrier has scaled up its IT expenditure from Rs 336 crore in 2016-17 to Rs 513 crore in the 2017-18 financial year.
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