The Economic Times, India: Cognizant’s Vice President, Connected Products, Expects Rapid Growth for IoT in Many Fields

"We foresee rapid growth especially in the products and resources segment, that comprises manufacturing logistics, energy and utilities, automotive, retail, consumer goods,” says Madhuraj Jadhav. “Health care and life sciences are also high-growth businesses for IoT technologies.” Excerpts:  

“More than half of the 100 million patients of a US-based hospital interacted with their physicians online last year. IT services major Cognizant's internet-of-things (IoT) solution made this happen using information from smartphones and other devices such as glucose meters.

This is not a one-off example of adding value in services using IoT. IoT services - which include business opportunities such as strategy & consulting, engineering, IoT system integration & deployment, and managed services & support - have seen 28% growth year-on-year fuelled by demand from across healthcare, retail, automotive and industrial fields .

Cognizant, which helps clients in designing, building of new age smart products, collecting usage information and health information of the assets, remotely managing assets as well as providing offering predictive maintenance, eyes faster growth in product and resources maintenance.”

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