Press release
Cognizant Technology Solutions Corp. Market Shows a Healthy Momentum in 2021
Cognizant Technology Solutions Corp. Market
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Summary
Cognizant Technology Solutions Corp (CTS) is a provider of information technology (IT), consulting and business process outsourcing (BPO) services. The company offerings include Artificial Intelligence, digital engineering, digital experience, digital strategy, Internet of Things, enterprise services, industry and platform solutions, intelligent process automation, application services, cloud enablement, infrastructure services, security services, core modernization, enterprise application services, and quality engineering and assurance. CTS serves banking and financial services, communications, consumer goods, education, energy and utilities, and healthcare. It also serves information services, insurance, life sciences, manufacturing, media and entertainment, retail, technology, transportation and logistics, and travel and hospitality industries. The company’s operations are spread across North America, Latin America Europe, the Middle East, and the Asia Pacific.
Cognizant infrastructure includes physical networked technology labs present across geographies to accelerate innovation and create disruptive solutions. The company has two industry-specific innovation labs, named as ”InsuranceNExt” and “Banking Digital Labs”. The labs focus on co-create working proof-of-concepts with the clients and discover emerging industry trends.
In 2019, the company introduced a “Cognizant Accelerator global technology center” and an innovation hub in Boulder, Colorado. It’s an incubator and a division through which company invests into emerging technologies, models and concepts, products, and services. The accelerator focuses on incubating new ideas through various engagement channels, develop and introduce new products and solutions using data science, AI machine learning, and big data technologies and invest in external start-ups.
The report provides information and insights into Cognizant's tech activities, including -
- Insights of its digital transformation strategies and innovation programs
- Overview of technology initiatives covering partnerships, product launches and acquisitions
- Insights on each technology initiative including technology theme, objective, and benefits
- Details of estimated ICT budgets and major ICT contracts
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Scope
- Cognizant technology strategy aims to accelerate its growth and serve clients better, by protecting and expanding its strengths in traditional IT service areas by improving efficiency, winning IT contract renewals, reducing cost of delivering IT services, and expanding into markets beyond North America.
- Cognizant has realigned its tech resources and strategies to empower itself and its clients amidst the pandemic. It has enabled remote working capabilities for its global workforce to ensure minimum impact on productivity. It has also strengthened its capabilities to help clients move their applications, infrastructure, and data estates to a flexible cloud architecture for better agility. It is also developing capabilities like virtual workplaces that uninterrupted production for even amid disruptions.
- Cognizant seeks to drive organic growth through investments in its digital capabilities across industries and geographies, including extensive training and reskilling of technical teams and expansion of local workforces.
- Cognizant is building technology expertise by actively hiring skilled technical staff, empowering them through technology training, and engaging in automation. It trains employees on technologies like AI, automation, cloud, cybersecurity, IoT, and data science. In June 2021, Cognizant appointed Rajesh Nambiar, as president of digital business and technology.
Reasons to Buy
- Gain insights into Cognizant's tech operations.
- Gain insights into its tech strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into various product launches, partnerships and acquisition strategies.
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Table of Contents
Overview
Digital Transforma
....Continued
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HTF Market Intelligence Consulting Private Limited
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