A Playbook for Managing at the Crossroads
Innovation Beyond The Four Walls
Cognizant to Present at the Bank of America Merrill Lynch 2015 Global Technology Conference
Organizations today can purchase everything from software to infrastructure, platforms and entire business processes as a service. This new approach leverages public or private clouds, as well as the virtualization of technology and shifting work processes to trusted third-party partners. It allows organizations to buy only what they need when they need it, reducing their costs. For instance, respondents to a recent College of Healthcare Information Management Executives study anticipate IT cost reductions of 9%, which translates into $11 billion in IT savings for U.S. providers over the next three years.
Leading adopters find that the greatest benefit of this new approach is not only reduced costs from the use of offshore labor and automation, but also greater agility to address changing business needs. The new approach also allows IT to focus scarce skilled personnel, time and money on the most business-critical activities while outsourcing the rest.
Working with customers worldwide, we have found that delivering IT as a service can achieve the following benefits:
A services business model offers many advantages over traditional on-premises software, but companies should still proceed with caution. For example, ensuring that each service is being monitored and managed effectively is key to a successful implementation.
Our order management as a service approach helps CSPs improve the speed, accuracy and efficiency of their order-taking and fulfillment.
BANKING AND FINANCIAL SERVICES
Banks are now using BPaaS to increase their agility and efficiency. We can help them expand by consolidating elements of their payments process.
MEDIA AND ENTERTAINMENT
Our assetSERVE solutions help customers scale their marketing efforts and gain value through syndication, rights distribution and version control.
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