target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Perspective - Doc Document number: # US51036423
Cognizant: Engineering, Transforming, and Modernizing the Enterprise to Meet Strategic Industry and IT Objectives
This IDC Market Perspective provides IDC's views, learnings, perspectives, and advice after attending Cognizant's Americas Analyst & Advisor Summit 2023 held on May 25, 2023, in New York City and listening to a wide array of speakers ranging from CEO Ravi Kumar who provided a keynote session on Cognizant and its strategy to a series of sessions led by Cognizant executives supported by client presentations.
"Cognizant provided a holistic view of the strategic investments it is leveraging to help engineer, transform, and modernize enterprises in which building solutions is centered on the intersection of industry and technology," says David Tapper, program vice president, Outsourcing and Managed Cloud Services at IDC. "IDC believes that ensuring continued success requires Cognizant to showcase business consulting capabilities with emphasis on providing advanced analytics based on industry requirements, assimilate different digital engineering services capabilities under one business unit and evolve capabilities using an organic and inorganic strategy, focus on building an ecosystem of partnership-led niche innovation hubs, evolve services messaging to align with shifting impressions enterprises have on modernization value, build a more cohesive messaging strategy around its value proposition and road map to establish its presence as a leader in the life sciences space, highlight ability to orchestrate end-to-end capabilities into a cohesive solution, emphasize ability to help enterprises build a new operating model, and implement a business operations center that will focus on monitoring and managing the business aspects and processes of an enterprise."