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A Playbook for Managing at the Crossroads

OUR LATEST THINKING

Innovation Beyond The Four Walls

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July, 24, 2014

TransCelerate Selects Cognizant to Develop a Clinical Trials Collaboration Platform

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The Cognizant Difference

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BUSINESS REIMAGINED

In a world growing more virtual and global by the day, reimagining business means not only reducing costs but unleashing new forms of innovation, operational flexibility and business capabilities that fuel top- and bottom-line growth. We get you there through a proven and structured process that defines your needs and goals, gains the backing of key stakeholders and brings discipline as well as pragmatic business thinking to the execution process. As management guru Gary Hamel once said: “If a company wants to see the future, 80% of what it will have to learn will be from outside its own industry.” For most organizations, separating strengths and weaknesses requires a scorecard. Therefore, we benchmark your business capabilities and technology infrastructure against the best in the business. We challenge your business leaders to agree on the organization’s current state and vision for the future. We prioritize initiatives based on feasibility and potential return on investment and then create a roadmap for implementation, engaging and making your stakeholders accountable for delivering expected improvements.

Cognizant helps answer questions that drive the reimagining of your business, including:

  • How are we positioned in comparison with our competitors?
  • How do we compare against leading industry practices?
  • How can we create new revenue sources or opportunities for cost avoidance?

RESULTS TO EXPECT

We have a demonstrated track record of delivering results to our 1,000-plus strategic clients, worldwide. For example:

  • We helped a pharmaceutical company reduce costs by 50 percent and deliver more actionable insights to its sales force by reducing 14 dashboards and reports down to one easy-to-use tool.
  • For a life sciences client, we created new revenue generation opportunities supported by more effective processes and new tools such as tablet computers and smartphones.
  • For a large hotels and resorts operator in Latin America, we helped move its central reservations system into an Oracle-based cloud, driving a new operational model.

In a world growing more virtual and global by the day, with 2.4 billion Internet users at the end of 2012 and growing at 8 percent annually, reimagining business means not only reducing costs but unleashing new forms of innovation, operational flexibility and business capabilities that fuel top- and bottom-line growth. We get you there through a proven and structured process that defines your needs and goals, gains the backing of key stakeholders and brings discipline as well as well as pragmatic business thinking to the execution process.

  • Our Latest Thinking

Designing for Manufacturing's 'Internet of Things'
The deeper meshing of virtual and physical machines offers the potential to truly transform the manufacturing value chain, from suppliers through customers and at every touchpoint along the way.
SAP Divestiture Projects: Options, Approach and Challenges
We use an SAP infrastructure example to show how to ensure a smooth IT transition during a business divestiture. The process can be done in several manners: re-implementation, shadow implementation or carve out.
Commonality Unleashed Across Functions and Industries
Semantics aside, the commonality, or similarity, of processes and functions across industries and business sectors suggests that cross-pollination - or crossover - is a valid approach for addressing the talent gap many companies face.
Shrinking the Enterprise with SOA
We offer a service-oriented architecture (SOA) framework that is decentralized and agent-based and covers four processes: portal, dashboard, brokers and agents. Such a system facilitates ROI via service reuse, system consolidation and legacy 'decommissioning' and direct exposure of services to external customers and B2B partners.
Why Risk Matters: Deriving Profit by Knowing the Unknown
Risk management is a critical activity for capturing profits; in particular, unknown risks - or "unknown unknowns" - pose the greatest threat for unidentified losses. We offer a template for uncovering such risks via a Q&A process.
Informed Manufacturing: The Next Industrial Revolution
'Intelligent machines' enable people, processes, products and infrastructure to seamlessly coordinate, creating
cost-efficient finished goods on time, that meet, if not exceed customer expectations.
Operationalizing Customer Centricity: A Prescription for Building Brand Loyalty and Healthy Competitive Advantage
Payers must refine processes across multiple channels to create a highly competitive brand based on consistently high-quality, member-centric experiences.
Same-Day Delivery: Surviving and Thriving in a World Where Instant Gratification Rules
Speed of delivery has become a key success factor for retailers with an online presence, including giants like eBay, Walmart and Amazon. Same-day delivery will be an increasingly critical component for both brick-and-mortar players, as well as pure-play e-tailers competing in this highly competitive marketplace.
Forward-Looking Practices in Wealth Management
To keep up with growing regulations in wealth management sector, firms need to future-proof their operations with a robust risk-control system and transparent trading practices.
Managing Risk: Maximizing Opportunities in the MAPD Market
The Medicare Advantage (MAPD) marketplace is growing as memberships and revenue potential increase. At the same time, it is marked by risks associated with healthcare reform, continuing cost pressures and healthcare consumerism. To operate and compete successfully, payers will have to find new and better ways to sharpen their strategies, integrate systems, increase collaboration and optimize processes.
 

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