The fourth industrial revolution has shifted our world into a new digital era and the pandemic has accelerated this from a movement to an immediate necessity.

IT major Cognizant is rewarding top performers over and above the bonus amount. The company will shell out up to 125% of the target bonuses – a significant increase from the comparable performance-linked bonus paid at around 95% in the previous year.

The report said the Asia Pacific and the Middle East companies are at least as bullish on AI and analytics as their global counterparts are, if not slightly more so.

IoT’s true potential lies in integrating IoT data with the company’s present processes and data streams to provide steady monitoring and improvement opportunities.

With the rise of new machines, new generations of talent and new business models based on insight and intelligence, the rules of global competition had already started to change. Now, these tectonic shifts are being further catalyzed and accelerated by the global pandemic.