Cognizant Wiki is a global professional services company that provides digital, technology, consulting, and operations services to clients in various industries.
With a focus on innovation and digital transformation, the company has become a trusted partner for many organizations looking to modernize their operations and improve their customer experience. In this blog post, we will explore the history of Cognizant wiki, its key success factors, and its impact on the industry.
History of Cognizant
Cognizant is an American multinational IT service and cognizant wiki consultation corporation. Headquartered in Teaneck, New Jersey, United States, it is a part of NASDAQ-100 and trades under CTSH.
Cognizant was originally established in Chennai, India in 1994 as a part cognizant wiki of DBSS or Dun Bradstreet Satyam Software, in a 76:24 joint venture between Dun & Bradstreet and Satyam Computer Services. Srini Raju was the founding CEO and MD. Initially, the company started with only 50 employees as Dun & Bradstreet’s in-house IT unit that focused mainly on DBS’s large IT projects. But in 1996 the company started serving external clients.
In 1996, Dun & Bradstreet created multiple subsidiaries like IMS International, Erisco, Pilot Software, Nielsen Media Research, Strategic Technologies, and DBSS to form a completely new company called Cognizant Corporation, with headquarters in Chennai. In 1997, DBSS renamed itself Cognizant Technology Solutions. In July 1997, Dun & Bradstreet bought off Satyam’s 24% stake for $3.4 million.
The headquarters were moved to the USA and in March 1998, Kumar Mahadeva was appointed as CEO. Operating as a subsidiary of the Cognizant Corporation, the company mainly focused on Y2K projects and web development.
Key Success Factors
Cognizant’s success can be attributed to several factors, including its focus on innovation, customer-centric approach, and employee engagement.
The company has a culture of learning and continuous cognizant wiki improvement, which has helped it stay ahead of the curve in terms of technology trends and digital transformation. Additionally, Cognizant has a strong focus on understanding its client’s needs and delivering tailored solutions that meet their unique requirements.
Another key success factor for Cognizant is its employee engagement strategy. The company recognizes that its employees are its most valuable asset and invests heavily in their development and well-being. One example of this is the Cognizant Wiki, an internal platform that facilitates knowledge sharing and collaboration among employees.
The platform has become a central repository of information and best practices that employees can access and contribute to, which has helped to drive innovation and improve the quality of services delivered to clients.
Cognizant’s commitment to innovation is reflected in its investments in emerging technologies such as artificial intelligence, machine learning, and cloud computing.
The company’s Innovation Labs, located in various cities around the world, serve as incubators for new ideas and technologies that can be used to drive business value for clients. Additionally, Cognizant’s acquisitions of companies such as TriZetto and Zone have enabled it to expand its service offerings and strengthen its capabilities in areas such as healthcare and digital marketing.
Business Model
Like other IT service corporations, Cognizant has a global delivery model that is based on offshore software Research & Development and offshore outsourcing. The company has multiple offshore development centers outside the USA and multiple near-shore centers in the USA, South America, and Europe.
In the early days, Cognizant gained business due to its parent company Dun & Bradstreet. The company’s senior management envisaged the firm as providing high-end customer services which are at par with six of their major competitors – Accenture, Deloitte, BearingPoint, Ernst & Young, IBM, and Capgemini, but at much lower rates.
Regions
Cognizant has over 320,000 employees globally out of which 200,000 are in India across 10 locations. The company has centers across India in the cities of Bangalore, Coimbatore, Chennai, Kolkata, Gurgaon, Hyderabad, Noida, Kochi, Mangalore, Pune, and Mumbai.
The company also has global, regional, and local delivery centers in Argentina, Australia, Brazil, Canada, the UK, China, the Philippines, Hungary, Spain, the Netherlands, Mexico, etc.
Impact on The Industry
Cognizant has had a significant impact on the IT and professional services industry. The company’s focus on digital transformation has helped clients across various industries modernize their operations and improve their customer experience. Cognizant’s expertise in emerging technologies such as artificial intelligence, machine learning, and cloud computing has enabled it to deliver innovative solutions that drive business value for clients.
In addition to its impact on clients, Cognizant has also made a positive impact on society. The company has a strong commitment to corporate social responsibility, supporting various causes such as education, environmental sustainability, and diversity and inclusion. Cognizant’s “Making the Future” program, for example, is a global initiative that provides education and skills development opportunities to underprivileged children and youth.
Cognizant’s impact on the industry can be seen in its financial performance. In 2020, the company reported revenue of $16.7 billion, up from $16.1 billion in 2019. Cognizant’s revenue growth has been driven by its focus on digital transformation, as well as its ability to deliver high-quality services to clients.
The company has also been recognized for its industry leadership and innovation. In 2020, Cognizant was named a leader in the Gartner Magic Quadrant for Application Services, and in 2021, it was named a leader in the Everest Group PEAK Matrix for Healthcare Provider Digital Services.
Looking to The Future
As the world becomes increasingly digital, the demand for services that help organizations modernize their operations and improve their customer experience is only going to grow. Cognizant is well-positioned to capitalize on this trend, thanks to its focus on innovation, customer-centric approach, and employee engagement.
The company has already demonstrated its ability to deliver innovative solutions in emerging areas such as artificial intelligence, machine learning, and cloud computing, and it is likely to continue to lead the way in these areas in the future.
Cognizant’s commitment to corporate social responsibility is also likely to continue. The company has made significant investments in education, environmental sustainability, and diversity and inclusion, and it is likely to expand these efforts in the years ahead.
In conclusion, Cognizant has built a reputation as a leading provider of digital, technology, consulting, and operations services, thanks to its focus on innovation, customer-centric approach, and employee engagement. The company’s commitment to emerging technologies, employee development, and corporate social responsibility has helped it stay ahead of the curve and deliver high-quality services to clients.
Looking to the future, Cognizant is well-positioned to capitalize on the growing demand for digital transformation services and continue to make a positive impact on the industry and society as a whole.
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