Cognizant Recognized as a Leader and Star Performer by Everest Group in their Artificial Intelligence (AI) and Generative AI Services PEAK Matrix® Assessment 2024
Dec. 18, 2024 – Cognizant introduced it has been named a Leader and a Star Performer in the Everest Group Artificial Intelligence (AI) and Generative AI Services PEAK Matrix® Assessment 2024. As a part of this evaluation, Everest Group examined 30 AI and gen AI service suppliers, recognizing Cognizant for its market affect and consumer service success.
When figuring out Leaders in the AI providers trade, Everest Group cites that Leaders showcase a clear imaginative and prescient targeted on delivering enterprise outcomes for their clients, incorporate a mix of deep area and technical experience, and make sustained investments in forward-looking expertise themes such as agentic AI, accountable AI, no-code/low-code platforms, and infrastructure choices for AI workloads. Leaders are additionally praised for implementing a clear expertise technique that features investments in upskilling applications, partnerships with tutorial and expertise organizations, and rising applied sciences that improve studying.
“Cognizant has been acknowledged as a Leader and Star Performer in Everest Group’s Artificial Intelligence (AI) and Generative AI Services PEAK Matrix® Assessment 2024. The corporate’s vital investments in innovation, together with its inner Bluebolt program to crowdsource concepts from client-facing staff, co-innovation initiatives with main AI expertise companions, and the institution of AI innovation labs, have been instrumental in driving this success,” says Vishal Gupta, Companion, Everest Group. “Cognizant has additionally made vital investments in strengthening its expertise partnership ecosystem for AI and gen AI providers that additional compliments its present service supply capabilities.”
The Everest Group report additionally acknowledges Cognizant as a Star Performer because of its year-over-year enchancment throughout the Leader pack of the PEAK Matrix®. The report highlights that Cognizant has skilled vital progress in giant multi-year contracts for AI, influenced by shift to fastened worth contracts and strategic AI tasks and that Cognizant has seen robust adoption of its AI-driven platforms, Neuro®, Flowsource®, and Cognizant® Knowledge and Intelligence Toolkit amongst purchasers, which has contributed considerably to its AI progress trajectory and development in the marketplace affect axis. As for YoY functionality developments, Everest Group emphasizes Cognizant’s fast enlargement of its AI mental property portfolio, the institution of a number of AI Innovation Studios and Superior AI Labs globally to co-innovate with purchasers, and the considerable enlargement of its expertise associate footprint, together with area of interest AI gamers as key qualities resulting in the Star Performer recognition.
When highlighting Cognizant’s strengths, Everest Group notes that Cognizant provides a giant pool of offshore and onshore assets, which has helped allow scalability, cost-effectiveness, and well timed undertaking supply. Everest Group even cites that “Referenced purchasers have appreciated its flexibility in allocating tasks to essentially the most appropriate assets on the proper time,” additional increasing on our dedication to supply excellence. “As we assist our purchasers transition from pilot AI tasks to full-scale manufacturing, collaboration and co-innovation with our purchasers and companions stay crucial.” stated Naveen Sharma, Senior Vice President, and Observe Head of AI & Analytics at Cognizant. “Our strengthened management rating displays our unwavering dedication to innovation and supply excellence, empowering purchasers to harness Generative AI not solely as a productiveness accelerator but in addition as a game-changer that redefines industries and drives new enterprise fashions. We’re equally targeted on guaranteeing these breakthroughs are achieved responsibly, with sturdy safeguards in place. Cognizant’s AI options intention to allow the creation of enterprise-grade techniques which can be safe, dependable, cost-efficient, and absolutely compliant with regulatory requirements.”
Learn the total report here.
Licensed extracts taken from Everest Group’s PEAK Matrix® Reviews, could also be used by licensed third events to be used in their personal advertising and marketing and promotional actions and collateral. Chosen extracts from Everest Group’s PEAK Matrix® stories don’t essentially present the total context of our analysis and evaluation. All analysis and evaluation performed by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® stories is unbiased and no group has paid a price to be featured or to affect their rating. To entry the entire analysis and to study extra about our methodology, please go to Everest Group PEAK Matrix® Reports.