|
|
 | | | |
- close
- close
- close
- close
Cognizant Technology Solutions (CTSH) |
Suggest other news sources for this topic
WIKI ANALYSIS
Cognizant Technology Solutions (CTSH) is a leading provider of custom IT consulting and technology services as well as outsourcing services for Global 2000 companies located in North America, Europe and Asia. Its core competencies include Technology Strategy Consulting, Complex Systems Development, Enterprise Software Package Implementation and Maintenance, Data Warehousing and Business Intelligence, Application Testing, Application Maintenance, Infrastructure Management, and Vertically-Oriented Business Process Outsourcing (V-BPO).
Industry Background
Many companies today face intense competitive pressure and rapidly changing market dynamics, driven by such factors as changes in government regulations, globalization and technology innovation. In response to these challenges, many companies are focused on improving productivity, increasing service levels, lowering costs and accelerating delivery times. In order to achieve these goals, companies are focusing on a number of technology-centric areas, such as:
- Business and IT alignment and optimization;
- Advanced custom systems development;
- Data Warehousing and Business Intelligence;
- Enterprise Resource Planning;
- Customer Relationship Management;
- Supply Chain Management; ff
- Enterprise 2.0 business models and technology solutions; and
- Service-Oriented Architectures, Open Source and Radio Frequency Identification (RFID).
Global demand for high quality, lower cost IT services from outside providers has created a significant opportunity for IT service providers that can successfully leverage the benefits of, and address the challenges in using, an offshore talent pool. The effective use of offshore personnel can offer a variety of benefits, including lower costs, faster delivery of new IT solutions and innovations in vertical solutions, processes and technologies. Certain developing countries, particularly India, have a large talent pool of highly qualified technical professionals that can provide high quality IT and BPO services at a lower cost. India is a leader in IT services, and is regarded as having one of the largest and highest quality pools of talent in the world. Historically, IT service providers have used offshore labor pools primarily to supplement the internal staffing needs of customers. However, evolving customer demands have led to the increasing acceptance and use of offshore resources for higher value-added services. These services include application design, development, testing, integration and maintenance, as well as technology consulting and infrastructure management. India’s services and software exports continue to see significant growth. According to NASSCOM (India’s National Association of Software and Services Companies), the IT/BPO sector in India was an estimated $24.7 billion industry in 2006, and is projected to grow to greater than $60 billion by 2010.
Business Segments
The company report the operations of the business in the following four business segments:
Financial Services
In 2006, Financial Services business segment represented approximately 48% of total revenues. This business segment provides services to our customers operating in the following industries:
- Capital Markets, focusing on the needs of broker / dealers, asset management firms, depositories, clearing organizations and exchanges.
- Banking, focusing on traditional retail and commercial banks, and diversified financial enterprises.
- Insurance, assisting with the needs of property and casualty insurers, life insurers, reinsurance firms and insurance brokers.
Healthcare
In 2006, Healthcare business segment represented approximately 23% of total revenues. This business segment provides services to our customers operating in the following industries:
- Healthcare. Healthcare service teams focus on the following key industry solutions: Broker Compensation, Sales & Underwriting Systems, Provider Management, Plan Sponsor Administration, Electronic Enrollment, Membership, Billing, Claims Processing, Medical Management and Pharmacy Benefit Management.
- Life Sciences. Some of Life Sciences solutions include: Prescriber Behavior Analysis and Insight, Longitudinal Prescription Data Management Systems, Sales Force Compensation Systems, Sales Data and Claims Data Management Systems, Clinical Trial Solutions, 21CFR11 Assessment and Computer Systems Validation, Data Mining and Business Intelligence Solutions, e-Business and Data Portals, and ERP implementation, upgrade, and maintenance services.
Manufacturing / Retail / Logistics
In 2006, Manufacturing, Logistics & Retail business segment represented approximately 15% of total revenues. This business segment services customers in the following industry groups:
- Manufacturing and Logistics. Some of the Manufacturing and Logistics solutions include: Supply Chain Management, Warehouse and Yard Management, Waste Management, Transportation Management, Optimization, Portals and ERP solutions.
- Retail. Some of retail solutions include: To Upgrade supply chain systems, ranging from order management to category and space management, warehouse management, logistics management, pricing and promotions, and merchandising management; Implement new point of sale solutions that embrace new international standards and provide new flexibility for supporting new merchandising initiatives; Implement point solutions developed by our Retail Center of Excellence. The Center of Excellence has built solution accelerators and defined implementation methodologies for multi-channel integration, and for Point of Sale systems migration; Accelerate the implementation of enterprise and customer relationship management; and Improve business intelligence effectiveness.
Other
The Other reportable business segment is an aggregation of operating segments which, individually, are less than 10% of consolidated revenues and segment operating profit. The Other business segment includes telecommunications, information services, media and high technology operating segments. In 2006, Other reportable business segment represented approximately 14% of total revenues.
References
| |||||||
