Having visibility of your own skills, including level of expertise allows you to be aware of your evolution and measure your growth, your professional profile. You set your goals to develop autonomy, and measure… While making constant, incremental improvements.

“5G will help realise the benefits from the evolving IoT environment, including the development in endpoint devices such as environmental and situational sensors, vehicles, wearables, drones, robots, and virtual reality equipment,” says Rohit Gupta, vice president and head of manufacturing, logistics, energy and utilities, Europe at Cognizant.

Cognizant CEO Brian Humphries says the restructuring done last year has helped the company lay the path for M&As and a better standing in the cloud technology market, despite a difficult business climate this year due to Covid-19. Edited excerpts of an interview with ET.

When it comes to the 5G roll-out, AI will definitely be supercharged. Smart, AI-based devices that operate at the edge for buildings, cities, and vehicles, can make complex decisions in real-time based on the data they see.

Just as Y2K served as an inflection point for the IT services industry, businesses are now going through another period of significant change and opportunity, says Cognizant’s Humphries, in an interview with Forbes India.

AI driven solutions are becoming a competitive differentiator for banks and other financial services — delivering a hyper-personalised customer experience, improving decision-making and boosting operational efficiency. Yet, many financial services institutions (FIs) remain in an experimental phase and will need to accelerate actual AI deployment. Otherwise, they risk being left behind by digitally native players.

The rollout of 5G has been met with an element of scepticism. There are questions around whether the technology will deliver on expectations, concerns around security for both businesses and consumers and, although not proven, worries about potential health risks. Whatever reservations people may have, the fifth generation of cellular technology is upon us, bringing with it an abundance of opportunity for businesses to capitalise on increased data speed and potential new revenue-generating models as well as benefits for society at large.

Many banks and other financial services institutions (FIs) are beginning to recognise the benefits of AI-driven solutions as a way to get ahead in the market and challenge the competition. Amongst many other benefits, the technology enables organisations to offer hyper-personalised customer experience, dramatically improve internal decision making, and drive operational efficiency. However, many businesses are struggling to move beyond the experimental phase and reach actual AI deployment. It is those organisations that are at risk of being left behind.

This month, some of the world’s largest interdealer brokers, who negotiate OTC trades between the big banks, have seen record trading volumes as sudden changes in interest rates, coupled with the plummeting oil price, trigger a whirlwind of global price volatility.

The Internet of Things is now powering industries but we have only scratched the surface of what’s possible. The advent of 5G will enable enterprise companies to have unprecedented insight into the digitization of almost everything. As 5G rolls out nationally and offers more reliable connectivity, the manufacturing companies that forego increased digitization within their plants will be left behind financially. Especially with the rise of smart factories – digitally connected production facilities that improve processes through automation and self-optimization, traditional manufacturing operations will be at a disadvantage.