TEANECK, N.J., Aug. 26, 2014 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that it has been positioned as a Leader in business analytics for business process outsourcing in the recently published "IDC MarketScape: Worldwide Business Analytics BPO Services 2014 Vendor Assessment".*
The IDC MarketScape report evaluates global business analytics BPO service providers based on a comprehensive and rigorous framework, and assesses them across two key criteria: current capabilities and future strategy.
"The industry-aligned Business Process Services practice within Cognizant brings strategic insight, technology expertise, and industry and business process experience to help clients harness the forces shaping the future of work," the report noted. "Cognizant's intent is to make organizations agile and competitive while ensuring superior business outcomes. Cognizant's approach includes planning, building, operating, and optimizing any and all parts of the company's clients' business processes. Its analytics approach engages clients' business to both 'run better' (through operational analytics, risk and compliance, and process efficiencies) and 'run different' (through targeting newer geographies, creating new products, and enhancing customer experience) solutions.
"Cognizant's analytics BPS solutions include contractual and operational insights (using analytics to create better processes), analytics consulting (short- or long-term projects to define and implement data and analytics strategy), and business outcomes—driving tangible insights and outcomes and integrated outcome capabilities—all working together to move clients toward ongoing, iterative, and automated analytics value," the report added.
"We are honored that IDC recognizes our industry expertise as well as our ability to unlock value from data," said Gajen Kandiah, Executive Vice President of Business Process Services at Cognizant. "By weaving together industry-specific business process services and analytics expertise, we help our clients harness the power of information and insights to make better decisions and improve critical business outcomes, while enhancing overall productivity. We are committed to helping our customers win by extracting business value from Code Halos or the information that surrounds people, organizations, processes, and products."
* IDC MarketScape: Worldwide Business Analytics BPO Services 2014 Vendor Assessment, doc #249299, June 2014. Click here to access the report.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Cognizant's Business Process Services Practice
Cognizant's Business Process Services (BPS) practice provides industry-aligned solutions that leverage Cognizant's deep industry knowledge, robust technology capabilities, enterprise analytics offerings, and global consulting expertise. It offers transformational end-to-end services to support innovation, growth, and operational efficiencies to provide tangible business value. The BPS practice focuses on industries including financial services, insurance, healthcare, and life sciences to deliver effective BPO and platform-based process solutions. It helps improve business agility by integrating state-of-the-art process and technology with industry-specific solutions and back-office work such as finance and accounting.
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 75 development and delivery centers worldwide and approximately 187,400 employees as of June 30, 2014, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.