TEANECK, N.J., Oct. 18, 2016 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) today announced that it has been recognized by
Everest Group as one of only two companies to be named both a
"Leader" and a "Star Performer" in a newly released report, Digital
Services—PEAK Matrix Assessment and Market Trends: "Is Digital the
New Normal?"
The PEAK Matrix report assesses the market success and overall
capabilities of 18 leading IT services providers of digital
services. Cognizant is recognized as a "Leader" for its high levels
of delivery capability across categories, including scale, scope,
domain expertise and innovation, and delivery footprint.
Cognizant's buyer satisfaction capabilities are recognized as
"best-in-class." Cognizant was also categorized as a "Star
Performer" for strengthening its year-over-year leadership position
on the PEAK Matrix.
According to Everest Group, enterprises are increasingly seeking
digital transformation services to drive efficiencies across middle
and back-office processes while gaining competitive advantage by
improving market-facing user experiences. Business leaders see
"digital" as value derived from the convergence of multiple
technologies, including cloud, social, mobile, big data, the
Internet of Things (IoT), and artificial intelligence.
The report stated, "Cognizant has done well in conceptualizing
and delivering transformation-led engagements for its enterprise
clients. Its investments in solution acceleration, client
collaboration, and relationship management have resonated well with
clients." Highlighting Cognizant's vision to help clients "become
digital," the report adds, "Cognizant addresses the broader digital
market—front-office, mid-office and back-office—by integrating
strategy shaped by human sciences, design, technology
implementation, and management."
The report noted that Cognizant's Digital Works Collaboratories
allow "multi-disciplinary teams to come together to work through
the Accelerator Methodology, which helps customers and partners to
team, visualize, and co-create digital experiences." It also
highlights Cognizant's investment in advanced training in the areas
of design thinking, IoT, mobility, cloud, web technologies, and
data sciences. Research and development efforts to drive employee
innovation—resulting in new intellectual property—were also
recognized.
"Enterprises are challenged by intense competition, an uncertain
macroeconomic environment, nimble digital disruptors, and
ever-increasing demands from digital native consumers," said
Jimit Arora, Partner at Everest
Group. "Companies looking to stay ahead of the competition are
leveraging digital technologies to tackle these challenges. Leaders
such as Cognizant have a robust portfolio of digital services and
have expanded into newer areas such as human sciences and
interconnected ecosystems, with design-led transformation at the
core of their value proposition."
"Traditional industrial business models are now giving way to an
era of more agile companies that can win with data and new
technologies," said Gajen Kandiah,
President, Cognizant Digital Works. "By making technology more
efficient, applying platforms to business processes, and creating
more meaningful customer experiences, Cognizant helps our clients
become complete digital enterprises. Our aspiration is to be one of
the leading builders of the digital economy, and we are pleased
with the recognition by Everest Group as one of only two companies
to be named both a 'Leader' and a 'Star Performer.' This is a
strong validation of our commitment to help our clients navigate
the shift to a digital era."
Read a summary of the Digital Services—PEAK Matrix Assessment
and Market Trends report here.
About Everest Group PEAK Matrix
The Everest Group
PEAK Matrix is a proprietary framework for assessing the
relative market success and overall capability of service providers
based on Performance, Experiences, Ability and Knowledge. Each
service provider is comparatively assessed on two dimensions:
market success and delivery capabilities. The resulting matrix
categorizes service providers as Leaders, Major Contenders, and Aspirants. Companies that
demonstrate strong upward movement in successive reports are
recognized as Star Performers. Everest Group recently announced
a recalibrated methodology, in which innovation, intellectual
property and technology take center stage.
About Cognizant Digital Works
Cognizant Digital Works
brings together human sciences, digital strategy advisory, design,
analytics, intelligent products, cloud services, mobility, and deep
industry domain expertise to help clients imagine, build, and run
digital business solutions. For more information, please visit
www.cognizant.com/digital or join the conversation on LinkedIn.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading
provider of information technology, consulting, and business
process 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
244,300 employees as of June 30,
2016, 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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SOURCE Cognizant