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.