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.

There has long been a paradox at the heart of the financial sector – customer loyalty remains high despite overall trust in the banking system being very low.

The government first-grade colleges in Karnataka will be provided with 12,500 debonded desktop computers as part of the Help Educate.

Retail Insight Network spoke with Cognizant head of products and resources Rohit Gupta to find out how the demise of these large retail empires will affect the rest of the retail industry and what lessons can be learned.

Professional services company Cognizant announced today a series of new corporate social responsibility initiatives, including a commitment of $250 million towards efforts to advance economic mobility, educational opportunity, diversity and inclusion, and health and well-being in communities around the world.

Beginning in 2021, Cognizant said that it would expand grant-making in the US and India to new global markets where the company is growing its operations, including Australia, Canada, Germany, and the UK.

As a retention strategy, Cognizant has enhanced its leave policy by increasing the number of annual paid leaves and the company will provide an option for employees to work from home or office, or choose a combination of the two, subject to client approvals and security clearances.

By continually assuring the currency, accuracy, and relevancy of business-critical data and analytics models, organisations can better anticipate and solve whatever market and environmental challenges they may encounter. However, perishable data and analytics models make it much harder to predict and respond to unexpected events.

Negative news about the new post-Brexit challenges for the UK’s financial services currently dominates headlines. The market structure is still far from settled ahead of upcoming talks between the UK and the EU on equivalence.

Cognizant has stepped up its hiring efforts for both freshers and lateral hires in the country and expect the number of new recruits in the March quarter to be “more than ever,” Cognizant India Chairman and managing Director Rajesh Nambiar said.

Cognizant India hired more than 17,000 fresh graduates from campuses in 2020 and expects to hire over 23,000 fresh graduates in 2021—indicating a 35% increase year-on-year.

The insurance industry is on the cusp of having its entire lifecycle reimagined as the shift to digital accelerates. From product development and underwriting, customer engagement and self-service, to claims and fraud detection, digital transformation is impacting every step in the insurance value chain.

The B2B2C, or business-to-business-to-consumer, model has seen a huge jump in demand after the COVID-19 outbreak disrupted operations of businesses globally.

“We anticipate a significant revenue acceleration in 2021 following our midteens bookings growth this year. Right now, we are 100% focused on recruiting talent,” says Cognizat’s Rajesh Nambiar.

“Looking to the longer term, we may see a shift in commercial insurance towards a greater appetite for self-insurance, with re-insurance type contracts, as businesses use IoT to manage their own risks better,” says Cognizant’s David Sexton.

As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG).

In the past couple of years, we have seen several announcements from technology companies around their involvement in the future of transport.

Here are the five key actions that will help businesses augment human work with digital technologies.

Singapore’s 2021 budget is due to be unveiled in less than a month, and all eyes are on the measures to be announced.

The major healthcare industry innovations focus on reducing the cost of care (thereby improving the supply crunch) and shifting the mindset from illness to wellness (to manage rising demand). The pandemic shock has exacerbated these challenges.

Trading activity and dividend arbitrage schemes are seeing increased scrutiny from authorities following the Cum-ex tax scandal. Sunniva Kolostyak speaks to Daniel Carpenter, Head of Regulation at Meritsoft, a Cognizant company, about what institutions can do to ensure compliance and in turn, build trust.

As both vaccinations and acquired immunity spread, life will likely settle into a new normal that will resemble pre-COVID-19 days — with some major twists.

Cognizant announced on Tuesday that it has partnered with both the PGA Tour and LPGA.

On the heels of Cognizant being named Aston Martin’s title partner for the luxury British marque’s return to Grand Prix racing after a six-decade absence from the Formula 1 grid, the IT consulting giant continues to rev up their sports marketing initiatives.

Cognizant’s commitment to keep the Founders Cup not only alive but thriving as Whan prepares to step down strikes a deeply personal chord for the commissioner.

If you were about to get on a boat or an airplane, and someone told you there was a 70% chance your journey was going to turn out very, very badly, would you still embark? Probably not.

Half a million dollars are up for grabs in the latest XPRIZE competition, which pits dozens of data science teams

Companies take 61 days on average to fill a tech role in high demand, compared to 42 days for a non-tech role, according to the iCIMS 2021 Workforce report, released Wednesday. The study consulted 500 U.S.-based HR professionals between November and December of 2020.

COVID-19 turned our professional and personal lives upside down. It also forced governments, scientists, and health-care providers around the world to accelerate the development of artificial intelligence (AI).

The elevation Tuesday of Andy Jassy to Amazon’s future CEO was the latest evidence that the forecast for Big Tech is increasingly cloudy. “It’s a bit of a crowning glory for the cloud,” said Cognizant’s Ben Pring.

A recent study by Cognizant’s ‘Centre for the Future of Work’ found that Singapore companies felt most impacted by COVID-19 throughout the region.

Quick and accelerated digital adoption by Indian firms has helped them grow faster than their Asian and Western peers.

Even "jobs of the future" have been derailed by the intensified pandemic, but positions in environmental services are still growing strong.

Artificial intelligence (AI) played a crucial role in the survival of many organizations during the Covid-19 pandemic, and its influence is only going to grow with time. Recognising the opportunity, businesses in the UK are at the forefront of adoption, compared to elsewhere in Europe.

The UK is leading the way in Europe when it comes to the adoption of AI, with a fifth (18%) of companies based here already at the most advanced stage of AI maturity, the highest proportion in Europe, ahead of Germany (16%) and France (12%).

While Asian businesses have been largely nimble in responding to the pandemic, India Inc braved the COVID-19 crisis much better than countries worldwide, and is also most bullish about embracing digital tools.

The era of doing everything ‘at the touch of a button’ is coming to an end in 2020 smart speakers have changed how Australians work, play and relax.

Multibillion-dollar US information technology services provider Cognizant has bought private equity-backed local tech transformation consultancy Servian in a deal that will substantially increase the size of its cloud and data team.

Technology Solutions on Monday announced it is buying out Servian and Linium — taking the total number of such acquisitions to 11 over the past 12 months.

The top three forces that will have a strong impact on work in India by 2023 are hyper-connectivity (49%), concerns about security and privacy (46%), and process automation (44%).

Only 36% of companies in India experienced slightly negative to a very negative impact on their business performance in 2020, as opposed to the regional average of 44%, making Indian companies more resilient through the pandemic, a study by Cognizant revealed on Tuesday.

The pandemic has highlighted starkly that companies that were further along the path towards digitalisation have fared better weathering the coronavirus storm. The acceptance of Big Data as an established business concept, coupled with the emergence of useful Internet of Things (IoT) technologies, has the potential to significantly change the way businesses operate.

A performance review is an opportunity to showcase your contributions to your employer. In most cases, these meetings are held annually, but some companies hold more frequent, informal check-ins, often quarterly.

This week marks a significant milestone in Aston Martin’s return to Formula One after a 60-year absence. Aston Martin officially brought on the New Jersey-based IT firm Cognizant as the Formula 1 team’s title partner.

On The Point, we continue our lecture series "Friends of the Marine Biological Laboratory’s Falmouth Forum." This month's topic is "The Future of Education, Skills, and Work: Staying Relevant in a World Changing Faster Than Ever." Our guest is Ben Pring, I-T futurist, and co-founder of Cognizant’s Center for the Future of Work.

The newly rebranded Aston Martin F1 Team this morning will reveal its first title partner in American digital services company Cognizant in a deal that was set up in rapid fashion and is part of a larger B2B partnership.

The recently rebranded Aston Martin Formula One team has secured U.S.-based IT brand, Cognizant, as its title sponsor.

The Aston Martin Formula One team announced a new title sponsorship with U.S.-based IT services giant Cognizant on Thursday that they said will help them punch higher and harder this season.

From how firms manage worker relationships, to how they build and communicate their services, COVID-19 has changed everything.

Two industries that endured a positive 2020 and could be set for a lucrative 2021 are AI (artificial intelligence) and cybersecurity.

A new XPRIZE challenges simulators to go from forecasting case numbers to recommending policy

Following a year of unforeseeable upheaval for the media and entertainment industry, 2021 is likely to see further changes in consumer behaviour and content creation. Here, David Ingham, Client Partner, Media and Entertainment at Cognizant, picks five key changes he expects to see across the entertainment industry in 2021.

2021 will be the year when ESG regulations start to take effect, with the Sustainable Finance Disclosure Regulation (SFDR) commencing in the EU, requiring asset managers to categorise and disclose on their funds according to climate and wider environmental criteria.

The rollout of 5G is gathering momentum, with almost one third of the UK now able to access the new network. Telecommunications companies are at a crossroads in terms of where to go next, with various considerations and options for their digital journeys ahead.

Earlier this year, digital solutions firm Cognizant revealed 21 HR roles that are expected to emerge over the next decade. Caroline Leroy outlines the ones employers are most likely to begin recruiting for in 2021.

Increasingly, smart devices are making their way into our homes. These may be fridges, thermometers, cameras or speakers. As a result, a staggering 7.0 billion IoT devices are expected to be in the world by the end of 2020.

Daniel Carpenter of Meritsoft (a Cognizant company), looks at the operational challenges facing financial institutions, as Spain approves a bill introducing a financial transactions tax and other countries consider similar measures

As digital transformations happened and the bottom of the pyramid workforce reduced, the number of people managing this workforce has reduced over the years. IF you are a middle manager in an industry that is radically changing the way it delivers products or services, you have a reason to worry.

Newly appointed India managing director Rajesh Nambiar outlines the company’s plans for 2021.

Nambiar, who completes a month with the Nasdaq-listed firm on Wednesday, has his task cut out to build the India business and help Cognizant return to bellwether status.

Rajesh Nambiar took charge at the corner office at Cognizant India a month ago from software firm Ciena India. An old IBM executive, he talks of his mandate and the road ahead for Cognizant.

Rohit Gupta, Head of Products and Resources, Europe, Cognizant, reveals how 5G holds the key to cutting congestion on connected roads.

Consumers have flocked to online grocery shopping during the pandemic but say they miss the impulse buys that are a staple of the physical store experience.

With the retail industry up in the air as a result of the turmoil caused by COVID-19, confusion surrounding the future of the high street remains. Rohit Gupta, Cognizant’s Head of Product and Resources, suggests there is light at the end of the tunnel and retailers must utilise technology to rebuild the high street.

Organizations need to consider the challenges and opportunities as they ready themselves for the shift to voice technology in customer engagement.

Voice technology was already on the rise in India before the pandemic. But the virus ― and the subsequent need for both human-injected and contactless experiences ― served to increase both its pace and popularity.

The pandemic has put the pedal to the metal when it comes to digital adoption and innovations in customer experience (CX). Four senior leaders consider what emerging CX trends will be more relevant than ever in 2021. From voice technology to agile measurement strategies – what’s next for CX?

Black Friday is an immovable event – occurring at the same time of year, every year. With each iteration, we see more customer demand as more shoppers clock onto the best deals they can get in time for Christmas. And usually, we see more people flocking to the high street to get them.

Our working lives have long been open to disruption from tech and other external forces, but the arrival of COVID-19 has shifted the world of work at a rate of change that few could have predicted – and has raised urgent questions about how employment will adapt.

It’s been almost one year since the Covid-19 pandemic started. Data scientists worldwide have been analyzing data gathered during the pandemic to inform policies.

Brain Humphries, the CEO of IT services giant Cognizant, has promised to implement diversity goals from 2021. Under the initiative, more women will be given leadership roles and the inclusion of people of different ethnicities will be given priority, he added.

The disruption of the UK’s traditional grocery and supermarket scene by online providers looks to be accelerating, with Amazon now offering free grocery delivery to millions of customers in a massive expansion of the company's fresh food service.

A new challenge from XPRIZRE seeks evidence-based models using artificial intelligence to help governments reopen their economies during the pandemic. The accelerated crowdsourced competition has a total prize purse of $500,000, with the first deadline for team registration set for 8 December 2020.

The XPRIZE Pandemic Response Challenge seeks ways to safely reopen societies amidst a pandemic.

XPRIZE, an organization that creates competitions to solve humanitarian challenges, launched the Pandemic Response Challenge on Tuesday in partnership with Cognizant.

“Hotels use legacy systems for their back-office operations and it often limits the efficiencies they can achieve,” says Cognizant’s Vice President of Travel and Hospitality Joseph Rajadurai.

Cognizant’s recent ‘From Eyes to Ears: Getting Your Brand Heard in the New Age of Voice’ report says that brands not paying attention to voice could already be losing out on millions yearly. And while the vast majority of companies agree that voice will become essential to their success, only 20 percent have a formal voice strategy in place.

Technology has become central to keeping people connected during extended periods of forced social isolation. Whenever people get back to their routines in the physical world, it will merely be an effort to catch up, not be free from the virtual world.

There's a new way to borrow at the checkout counter, and it's finding favour with shoppers on a tight budget. Termed "buy now, pay later" (BNPL), these interest-free, short-term payment plans have captured a sizeable audience in credit-starved, cash-strapped millennials and Gen Zs.

COVID-19 has upended life as we know it. The potential effect of this viral disease on mortality and public health, as well as the lasting socioeconomic repercussions of the crisis, is still unfathomable.

When we look back at the Covid-19 pandemic, one of the unsung victims of the devastating virus is the touchscreen. While the virus made us wary of unhygienic surfaces, the lockdown and social isolation revived our interest in interacting with a human-sounding voice, catalysing the large-scale shift towards the voice interface.

For some years now, drone technology has been billed as the next big thing. For many, the associations that spring to mind when thinking about the technology are their uses in military defense, surveillance, awe-inspiring landscape photography, and wedding videos.

Businesses are bullish on the future of voice technology like Amazon, Apple and Google's digital assistants, with consumers relying on the contactless tools more than ever during the pandemic, according to a study by professional services company Cognizant. Exclusive local data shared with Which-50 from Cognizant’s Centre for the Future of Work shows Australian brands lead the region in voice strategy but still face privacy and skills challenges.

Nasdaq-listed Cognizant Technology Solutions Corp. is strengthening its leadership team with a mix of internal promotions and external hires in a bid to return to growth.

"We are pleased that we are entering Q4 executing increased promotions, and we are accruing bonuses at substantially higher levels than last year," said CEO Brian Humphries.

Brian Humphries took over as the CEO of Cognizant in April 2019 and announced a ‘fit for growth’ program, which involved cost-cutting initiatives and exiting non-core areas. He tells TOI that Cognizant is on its course to become industry bellwether again.

Cognizant Technology Solutions Corp. on Thursday posted a 30% year-on-year decline in net profit to $348 million for the quarter ended September on high acquisition-related costs and a one-time tax of about $140 million.

IT major Cognizant reported about 30 per cent drop in September quarter net income at USD 348 million (around Rs 2,578.3 crore), but said it is witnessing strong momentum in its digital business and bookings.

In the current reality, taking a step back and looking at the big picture can be daunting. The way we work has fundamentally changed and digital transformation efforts have been supercharged out of necessity.

Turns out COVID hasn’t just changed the way we work—it’s also thrown a wrench into the machinations of our future robot overlords.

Awareness! That’s what today’s data-driven organizations want. Whether for opportunities or threats, just knowing what’s happening can make all the difference, especially when the latency is near zero.

The first phase of the Paycheck Protection Program (PPP) has wrapped up and the numbers are impressive: more than 5 million loans totaling $525 billion from nearly 5,500 lenders. Any bank that participated will attest that the data processing headaches were just as notable.

From preventative maintenance on white goods to smart mirrors in clothes stores, the IoT is ready to change customer relationships.

This spending is fuelled by high expectations since they aim to drive six per cent of their revenue through voice during this period, it added.

Many of the digital jobs of the future have suffered during the later stages of the pandemic, while in-person health care jobs are on the rise.

Indian companies plan to spend 2.6 per cent of revenues on building voice capability to drive stronger growth in the next five years. They have high expectations for returns as they are aiming to drive 6 per cent of their revenue through voice during the same period.

Indian companies plan to spend 2.6% of their revenues on building voice capabilities in the next five years, a Cognizant survey revealed on Tuesday. This investment strategy is fueled by high expectations for returns, as they are aiming to drive 6% of their revenue through voice during the same period.