Cognizant (CTSH) CEO, Ravi Kumar S, lately made a daring declare evaluating the agency’s launch of the “Cognizant Intelligence Backbone” to the iPhone getting into the market, however for robotics and bodily AI. The product is a sovereign Bodily AI Platform-as-a-Service designed to assist corporations scale bodily AI throughout operations, that means that the bodily methods, like manufacturing unit sensors, IoT units, vitality infrastructure, and robots that enormous organizations use, shall be working underneath the identical umbrella.
The phrase “sovereign” is essential right here. It signifies that the corporations that select to make use of Cognizant’s platform will proceed to personal their AI and knowledge, including reassurance that they will not be giving up management to Cognizant. This may even assist alleviate privateness points at present plaguing enterprises which can be integrating AI into their workflows.
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Business specialists forecast that bodily AI, consisting of utility robotics, autonomous autos, and humanoid methods, could possibly be a near-trillion-dollar market by 2033. Cognizant is serving eight main industries the place this development is anticipated. These embrace oil and fuel, transportation, logistics, manufacturing, healthcare, utilities, retail, and aerospace and protection. The agency additionally performed a research known as “New Work, New World 2026” earlier within the 12 months. The research discovered AI adoption within the bodily work to be shifting extra quickly than earlier estimated, going from 4% to 12% in development and a fair steeper 6% to 25% in transportation. That is one other sign to massive corporations that bodily AI is rising quickly throughout industries. With Cognizant’s Intelligence Backbone serving to them present a platform for it, they will be backing themselves to make leaps within the aggressive Bodily AI sector, the place giants like IBM (IBM), Infosys (INFY), and Accenture (ACN) are already nicely established.
About Cognizant Inventory
Cognizant is an IT and consulting agency that gives companies reminiscent of knowledge analytics, AI options, IT consulting, and cloud computing. The American agency targets a number of industries, together with monetary companies, healthcare, communications, media, and retail. Headquartered in Teaneck, New Jersey, the corporate’s income primarily comes from North America, with its enterprise increasing to Asia, Europe, and different world markets as nicely. It’s at present being led by CEO Ravi Kumar S.
