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Cognizant in the News

The Times of India: Co-Director of Center for the Future of Work at Cognizant Says More Companies are Beginning to Make Value out of Code Halos

“A growing number of companies are beginning to make value out of Code Halos,” says Paul Roehrig. “They are seeking data and information from persons, devices and organizations, and creating a new business model that's redefining how commerce is done.” He adds that there is a big shift in the business of technology with the digital economy expected to surpass the physical economy in value very soon.

“Code Halo is the virtual digital information that surrounds any person, device and organization,” writes The Times of India. “And Cognizant has begun a major initiative to develop innovative commercial business solutions based on these Code Halos.”

Citing a Cognizant survey of 300 companies that achieved a total economic benefit of roughly $766 billion over the past year based on their use of business analytics, the paper writes that among those that participated in the research, investment in business analytics yielded an average 8.4% increase in revenues and an average 8.1% improvement in cost reduction in the previous fiscal year.

“Many companies—perhaps most—are missing the opportunity for significant economic benefit,” says Roehrig. “If the companies we surveyed were to begin deploying best practices in analytics, we estimate they could create $853 billion of value within the next 12 months.”

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