Cognizant in the News
HfS Research Names Cognizant in “As-a-Service Winner’s Circle” for Energy Operations
HfS Research has neamed Cognizant to the “As-a-Service Winner’s Circle” in the HfS Research Blueprint Report: Energy Operations 2017. The report analyzes and reviews how the oil and gas market is becoming more business-outcome focused, offering flexible and collaborative services, and how providers are meeting the needs of these organizations. It includes profiles and assessments of 13 service providers evalutated against business process outsourcing, information technology outsourcing, and engineering services across the entire oil and gas value chain.
Service providers named to the Winner’s Circle are the highest overall performers that “are in collaborative engagements with clients, and making recognizable investments in future capabilities in talent and technology to continue to increase the value over time.” Cognizant is recognized for its vision for the oil and gas market’s evolution to digital as well as its connected operations across the value chain, including its strategic investments, depth of industry-specific capabilities, models for co-innovation and collaborative solution design, and integration of partner services.
“Cognizant is making significant investments in the oil and gas practice through acquisitions, strategic investments and capability building to enable oil and gas clients’ digital shift to connected operations across the value chain,” said Derk Erbe, Research Vice President, HfS Research. “Two concrete examples of Cognizant’s commitment to oil and gas are the acquisition of Frontica Business Solutions, a provider in Norway with oil and gas industry expertise and capabilities and 'Drone As-a-Service’ provider Measure, giving Cognizant additional digital and As-a-Service capabilities to help oil and gas clients with digital transformation.”
“Digital technology can dramatically impact energy business models and value chains,” said Raj Radhakrishnan, Senior Vice President and Head of Manufacturing, Logistics, Energy and Utilities at Cognizant. “Automation and IoT can not only drive improvements in operational efficiency in upstream and midstream operations, they can be used as the catalysts in launching new business initiatives that are less capital intensive than traditional ventures.”