The expanded partnership leverages Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize strategic business transformation.
Teaneck, NJ – April 22, 2024 – Cognizant (Nasdaq: CTSH) and Microsoft will make Microsoft's generative AI and CoPilot available to millions of users to transform how companies operate, improve the employee experience, and transform industries. announced an expanded partnership aimed at accelerating innovation.
Cognizant, a leader in digital transformation services, operates at the intersection of industry and technology, and in conjunction with Microsoft's advanced generative AI and Copilots, the combined power of this partnership will deliver real-world benefits to enterprise customers. Delivering innovation, projected $1 trillion[1] AI is expected to inject into US GDP over the next decade. This partnership also has the potential to significantly accelerate AI adoption and innovation in India. AI is expected to add $450-500 billion to India's GDP by 2025, equivalent to 10% of India's $5 trillion GDP target.
As part of the partnership, Cognizant will purchase 25,000 Microsoft 365 Copilot seats, 500 Sales Copilot seats and 500 Services Copilot seats for Cognizant employees to increase productivity, streamline workflows and transform the customer experience. Did. Additionally, Cognizant will work to deploy Microsoft 365 Copilot to her 2,000 clients around the world and his 1 million users across 11 industries. Through Cognizant's Synapse skills program, 35,000 of his Cognizant developers have been trained on his Github Copilot, and another 40,000 developers will be trained.
Cognizant CEO Ravi Kumar S said: “Generative AI has the potential to be transformative for nearly every business in every industry, opening up new possibilities for innovation, efficiency and growth.” We are investing $1 billion to lead the development of new research that explores the possibilities for our clients, their employees, and end customers. We will help them harness the power of generative AI at scale. Microsoft Copilot is a proven tool that can unlock talent and potential and deliver transformative benefits in ways we can only imagine.”
“Our expanded partnership with Cognizant will help organizations leverage generative AI to transform business operations, improve the employee experience, and deliver new value to customers,” said Microsoft Executive Vice President and CEO said Judson Althoff, Chief Commercial Officer. “By combining Cognizant’s industry expertise with Microsoft’s Copilot, Contains features Copilot for Microsoft 365 and GitHub Co-pilot—us Help accelerate AI adoption and innovation for millions of users across your network. ”
Driving industry-specific transformation is a key goal of the partnership, with a focus on helping companies reimagine how they operate in areas that have not seen significant disruption in recent decades. For example, a recent research report from Cognizant and Oxford Economics, “New Jobs, New World,” found that generative AI could automate up to a third of emergency physicians' tasks, thereby addressing staffing challenges. , we found that it has the potential to improve the quality of services and allow doctors to: Focus on patient health. Generative AI reduces procedure approval time from days to just minutes, eliminating delays and promoting positive patient outcomes. Cognizant is already leveraging Microsoft Generative AI technology in its TriZetto platform, helping payers and healthcare providers reduce hidden costs and improve patient outcomes for millions of Americans doing..
To take advantage of these opportunities, Cognizant and Microsoft are collaborating to launch Copilot, a platform that leverages generative AI large-scale language models to enable users to create and customize their own copilots specific to their industry and business functions. Use Studio to deliver industry-specific solutions. , business applications and enterprise data. Beyond the healthcare industry, Cognizant and Microsoft will prioritize applications across industries including retail and consumer goods, financial services, life sciences, manufacturing, communications and media.
Some examples of use cases in development include the following work Cognizant is working on:
- media company Develop generative AI-based solutions for video content translation and localization that provide accurate subtitling, dubbing, and cultural adaptation using Microsoft technology.
- Manufacturing company Use generative AI to improve remote engineering diagnostics to help field technicians identify, analyze, and resolve core product maintenance issues.
- education service provider Redesign and run your operating model by using generative AI to create and deliver personalized digital content that adapts to teacher and student preferences and needs.
- communication provider Use generative AI to streamline and automate core business processes across sales, servicing, and warranty to improve customer experience and operational efficiency.
Cognizant's recently announced Advanced AI Lab will support these efforts with a focus on advancing the science and practice of AI through innovation and development of intellectual property and AI-enabling technologies. Additionally, the company's AI Innovation Studio network in London, New York, San Francisco, Dallas, and Bengaluru is equipped to showcase Microsoft's generative AI technology, enabling clients to co-innovate and build innovative industry solutions. Serves as a forum for. .
Cognizant is a member of Microsoft's Responsible AI Council and is dedicated to upholding the highest standards of responsible and ethical AI, with a focus on safety, security, privacy, transparency, and inclusivity. To ensure that generative AI adoption is managed responsibly in a way that fosters trust, skills programs like Cognizant's Synapse prepare the modern workforce to succeed in the era of enterprise AI. plays an important role in the process and helps reduce friction. As technology changes the nature of work, so do roles.
Cognizant is the world leader in Microsoft specializations, with all Modern Work and Security specializations, and recently added the GitHub Copilot specialization. In addition to meeting rigorous standards set by Microsoft, Microsoft specializations require rigorous independent auditing. Learn more about the Cognizant and Microsoft partnership here.
Learn more about Cognizant Oxford Economics' research report on Generative AI.
[1] Cognizant and Oxford Economics. (2023).new job, new world, page. 3.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of intelligent cloud and intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
About Cognizant
Cognizant (NASDAQ: CTSH) Modern Business of Engineers. We help our clients modernize technology, reimagine processes, transform experiences, and stay ahead in a rapidly changing world. Together we will improve everyday life.See how www.cognizant.com Or @cognizant.
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