TEANECK, N.J., June 1, 2016 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that market intelligence and advisory services firm International Data Corporation (IDC) has named it a "Leader" in the recently released IDC MarketScape: Worldwide Business Analytics Consulting and Systems Integration Services 2016 Vendor Assessment (doc #US40150316, April 2016). The study which recognizes Cognizant's ability to "transform data into tangible business benefits through a global innovation and delivery ecosystem" represents a quantitative and qualitative assessment of the characteristics of a vendor's success in the marketplace and helps anticipate its ascendancy.
The study analyzes the offerings of 13 consulting and systems integration (C&SI) providers based on a comprehensive framework and a set of parameters expected to be most conducive to success in providing business analytics C&SI services in both the short term and long term. Featured vendors are categorized by IDC MarketScape as Leaders, Major Players, Contenders or Participants.
"The advent of new analytics areas such as cognitive computing and IoT, proliferation of new technologies and data sources, and the pervasiveness of big data and advanced analytics continues to drive rapid demand for business analytics solutions," said Ali Zaidi, Research Director, IT Consulting and Systems Integration Business Strategies at IDC. "Service providers that can rapidly innovate solutions around new and emerging areas while keeping the focus on established segments of business analytics will continue to grow. Companies such as Cognizant that provide end-to-end capabilities are able to help clients transfer data into tangible business benefits."
"In today's digital world, every action translates into a data footprint, fueling operational and marketing game changers and creating value when analytics is used to understand the past, predict the future as well as align business strategy and define outcomes," said Karthik Krishnamurthy, Global Head of Cognizant's Analytics and Information Management practice. "At Cognizant, we are committed to helping clients embrace an analytics-driven culture. We are pleased that the IDC MarketScape has recognized us as a Leader, highlighting our success in providing business analytics and technology consulting that converts data into successful business outcomes."
To read an excerpt of the report, visit: http://idcdocserv.com/US40150316e_Cognizant
To learn more about Cognizant's analytics expertise, visit: https://www.cognizant.com/enterprise-analytics
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.
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 233,000 employees as of March 31, 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.