Cognizant Named to "Winner's Circle" for Internet of Things Service Providers in New HfS Research Report
Analyst Report Highlights Strengths in IoT Vision and Thought Leadership, Expertise, Execution and Client-Focus
TEANECK, New Jersey, Oct. 2, 2015 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it has been placed in the "Winner's Circle" in the new HfS Research Blueprint Report: Internet of Things (IoT) Service Providers. HfS Research is a leading independent global analyst firm for the business and IT services industry. IoT involves the instrumenting and networking of physical devices in ways that generate large volumes of potentially meaningful business data. HfS defines IoT services as those that design, create, and manage a pathway for the physical world to enter the "As-a-Service Economy" by creating a bridge between hard goods and services, and digital infrastructure.
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The HfS Blueprint: Internet of Things Service Providers report evaluated 18 major providers on a number of criteria to determine their ability to deliver services and drive transformation. Service providers demonstrating excellence in execution and innovation are placed in the "Winner's Circle."
Cognizant is recognized in this report for its integrated IoT services reflecting the fabric of its corporate thought leadership based on its Code Halos™ concept (the information that surrounds people, organizations and devices that is today's digital fuel), and on its broader digital capabilities.
Specific strengths highlighted for Cognizant include:
- An IoT vision that reflects a "rare combination of thought leadership with excellence in execution."
- A "smart IoT practice structure (that) fosters rapid IoT development." Cognizant recognizes the multidisciplinary nature of IoT by seamlessly integrating with other practices under the Cognizant Digital Works group. This includes strategic consultants, industry experts, design thinkers and technologists with expertise in mobile, cloud, advanced analytics, automation, artificial intelligence, and other digital technologies. This model allows Cognizant to tap the "best, most appropriate resources" for each client engagement.
- Willingness to co-invest in an environment where enterprise buyers are seeking an IT services provider who demonstrates experience, or will co-invest time and money to develop solutions.
- Account management practices that demonstrate a commitment to listening to client problems, suggesting workable solutions, and willingness to bring in the appropriate partners.
"The Internet of Things is driving unprecedented digital transformations in the business and operating models of the enterprise, and many service providers are struggling to keep up with these changes," said Charles Sutherland, Chief Research Officer at HfS Research. "The emergence of the Internet of Things, driven by pervasive connectivity, is prompting enterprises to seek out partners like Cognizant that have understood the possibilities created by IoT and matched that with the process and vertical expertise to deliver the right solutions."
"IoT helps us partner with clients to create game-changing digital experiences that go well beyond screen-based engagement. In addition, the instrumentation of those digital experiences generates detailed data from which we derive insights that create meaningful business value," said Sean Middleton, Chief Operating Officer, Emerging Business Accelerator, at Cognizant. "We're pleased to be recognized by HfS for our IoT vision and thought leadership, and expertise in helping our clients execute on their digital transformation roadmaps. Our Cognizant Digital Works accelerator methodology is a key enabler to helping clients imagine what's possible and the opportunities created when connecting machines and devices to people and organizations. We help clients think big, start small, fail fast and scale quickly, and bring winning solutions to the market with speed."
About HfS Research
HfS Research is the leading independent global analyst authority and knowledge community for the business and IT services industry. HfS serves the research and strategy needs of business and IT operations leaders across finance, supply chain, human resources, marketing, customer management, and core industry functions. HfS provides detailed and thoughtful analyst coverage of the various areas that impact successful business outcomes, namely, process automation and outsourcing, global business services frameworks, mobility, analytics, and social collaboration. HfS also focuses heavily on talent acquisition, development, and motivation strategies. HfS applies its acclaimed crowdsourced Blueprint Methodology™ to evaluate the performance of service providers in terms of innovating and then executing against those business outcomes.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centers worldwide and approximately 218,000 employees as of June 30, 2015, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
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