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Cognizant is doing good and doing well. The technology consultancy wants to stem the tide of slowly degrading technical education in the U.S. It has just made a $1 million grant over three years to bolster the technology and engineering portions of STEM (science, technology, engineering and math) education.
Specifically, Cognizant’s grant will help Boston’s Museum of Science create a library of video training tools for the Museum’s Engineering is Elementary program and allow the New York Hall of Science to build a “Maker Space” for hands-on learning.
Cognizant saw three broad issues in elementary education, according to Mark Greenlaw,… Read the rest
Congratulations to Francisco d’Souza, president and CEO of Cognizant! The South Asian MBA Association recently named him “CEO of the Year.”
Cognizant is enjoying double-digit growth, ranking among the top outsourcing companies in India, and was added to the Fortune 500 this month.
D’Souza took the helm at Cognizant in 2007 as one of the youngest CEOs in South Asia. He’s no stranger to awards and accolades. Business Week ranks him as one of the world’s most successful immigrants; he also received the Economic Times Entrepreneur of the Year award in 2005.
The long-term evolution of industries has long been studied. A small market grows when competitors fill niches and primary demand increases. Innovation sparks products. Services refinement and differentiation then occurs. More providers enter the market and then, as the growth cycle matures, scale and leverage become forces for consolidation. Now joining those ranks: the IT and business process outsourcing industry.
Three recent transactions – HP buys EDS, Dell buys Perot Systems, and Xerox purchases ACS – point to a future where “one-stop shopping” indeed becomes a reality in the outsourcing market.
With IBM Global Services leading this pack of “full-service” providers, what… Read the rest
Four forces are now making work increasingly dynamic:
- Globalization: Work, of all forms, is migrating to its right location worldwide, allowing companies to leverage expertise anywhere and everywhere it resides.
- The Millennial Mindset: “Digital natives,” both as employees and customers, are creating new social and operating norms for companies, worldwide.
- Transparent Technology: Cloud computing, social networking, broadband, and mobility are enabling new business and technology models that improve operational flexibility and knowledge sharing.
- Virtualization: The virtualization of technology, business processes, and organizational structures is giving rise to the “anytime, anywhere” worker and causing organizations to rethink how they operate
Rebounding from the recession and economic crisis, and despite increasing competition from other offshore outsourcing destinations, India outsourcing firms will still occupy the headlines as the world leader in 2011. As evidence:
- Kotak Institutional Equities predicts “blockbuster growth” for TCS, Infosys, and Cognizant
- TCS upped its plans to hire, now announcing they’re looking for 50,000 new employees; Infosys wants to add another 20,000 in headcount
However, in a PC World article on 11 trends in 2011, advisory firms EquaTerra and Everest Group predict an increasing interest in outsourcing to providers in China,… Read the rest
On April 6, Sierra Atlantic Inc., an IT services provider recognized for outsourcing Oracle and product engineering solutions, announced that it has acquired Baytree Associates, a Charlotte, North Carolina-based consulting firm and Oracle solutions provider. The deal helps Sierra Atlantic, a Platinum Partner in the Oracle PartnerNetwork (OPN), further consolidate its already strong position as one of the top Oracle solutions and managed service providers.
But let’s look at the bigger picture. Sierra Atlantic’s strategy is a great example of how the service provider landscape is quickly changing – and why.
I talked with GK Murthy, Sierra Atlantic’s Executive Vice President. The… Read the rest
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