Cognizant Named to "Winner's Circle" for Internet of Things Service Providers in New HfS Research Report

Analyst Report Highlights Strengths in IoT Vision and Thought Leadership, Expertise, Execution and Client-Focus

TEANECK, New Jersey, Oct. 2, 2015 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it has been placed in the "Winner's Circle" in the new HfS Research Blueprint Report: Internet of Things (IoT) Service Providers. HfS Research is a leading independent global analyst firm for the business and IT services industry. IoT involves the instrumenting and networking of physical devices in ways that generate large volumes of potentially meaningful business data. HfS defines IoT services as those that design, create, and manage a pathway for the physical world to enter the "As-a-Service Economy" by creating a bridge between hard goods and services, and digital infrastructure.

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The HfS Blueprint: Internet of Things Service Providers report evaluated 18 major providers on a number of criteria to determine their ability to deliver services and drive transformation. Service providers demonstrating excellence in execution and innovation are placed in the "Winner's Circle."

Cognizant is recognized in this report for its integrated IoT services reflecting the fabric of its corporate thought leadership based on its Code Halos™ concept (the information that surrounds people, organizations and devices that is today's digital fuel), and on its broader digital capabilities.

Specific strengths highlighted for Cognizant include:

• An IoT vision that reflects a "rare combination of thought leadership with excellence in execution."
• A "smart IoT practice structure (that) fosters rapid IoT development." Cognizant recognizes the multidisciplinary nature of IoT by seamlessly integrating with other practices under the Cognizant Digital Works group. This includes strategic consultants, industry experts, design thinkers and technologists with expertise in mobile, cloud, advanced analytics, automation, artificial intelligence, and other digital technologies. This model allows Cognizant to tap the "best, most appropriate resources" for each client engagement.
• Willingness to co-invest in an environment where enterprise buyers are seeking an IT services provider who demonstrates experience, or will co-invest time and money to develop solutions.
• Account management practices that demonstrate a commitment to listening to client problems, suggesting workable solutions, and willingness to bring in the appropriate partners.

"The Internet of Things is driving unprecedented digital transformations in the business and operating models of the enterprise, and many service providers are struggling to keep up with these changes," said Charles Sutherland, Chief Research Officer at HfS Research. "The emergence of the Internet of Things, driven by pervasive connectivity, is prompting enterprises to seek out partners like Cognizant that have understood the possibilities created by IoT and matched that with the process and vertical expertise to deliver the right solutions."