Cognizant and Pegasystems Partner to Bring AI-led Transformation to Enterprise Legacy Modernization
Rhea-AI Summary
Cognizant (NASDAQ: CTSH) has expanded its strategic partnership with Pegasystems to enhance enterprise legacy system modernization through AI-driven transformation. The collaboration integrates Cognizant's IP with Pega Blueprint™ capabilities, focusing on converting legacy systems into AI-powered solutions on the Pega Infinity platform.
The partnership aims to help enterprises address significant operational costs and inefficiencies associated with legacy systems. Cognizant will leverage its AI-driven code rewrite capabilities and Bluebolt innovation program to rapidly develop Minimum Viable Products. The collaboration targets enterprises moving away from traditional 'lift-and-shift' approaches towards AI-infused transformation journeys.
Positive
- Strategic partnership combines Cognizant's industry expertise with Pega's Blueprint technology for enhanced modernization capabilities
- Integration enables rapid development of Minimum Viable Products through AI-driven tools
- Partnership addresses significant market opportunity in legacy system modernization
- Solution helps reduce operational costs and inefficiencies for enterprise clients
Negative
- None.
News Market Reaction – CTSH
On the day this news was published, CTSH declined 0.11%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Collaboration augments Cognizant's proven modernization services with Pega Blueprint to help enterprises reimagine legacy transformation projects and build agentified, future-ready enterprise systems.
Large numbers of enterprises on legacy systems continue to incur major costs every year in operations, maintenance, and licensing, and even more in 'hidden' costs – poor customer experience, inefficient processes, lack of real-time data, and more. To help enterprises address and overcome these challenges, Cognizant plans to integrate its IP with Pega Blueprint capabilities, enabling Cognizant associates to quickly convert ideas into Minimum Viable Products through a suite of rapid development tools and initiatives such as Bluebolt – Cognizant's grassroots innovation program.
By leveraging Cognizant's workbench for AI-driven legacy code rewrite capabilities, business rules and data extraction, Cognizant aims to help customers optimize and reimagine processes and build AI-powered systems on the Pega Infinity platform.
"The opportunity to modernize legacy enterprise systems has never been more urgent, or more achievable, as agentic AI redefines how enterprises build intelligent, adaptive systems, ready for what's next," said Ravi Kumar S, CEO, Cognizant. "By harnessing the power of Pega Blueprint technology alongside Cognizant's deep industry expertise and innovation mindset, we will not just be upgrading customers' outdated infrastructure, across industries, but guiding them toward unlocking trapped value and leaping forward into a more adaptive, AI-native future."
Enterprises are moving away from traditional 'lift-and-shift' approaches of legacy systems modernization towards robust AI-infused transformation journeys that reimagine business processes, customer experience and growth. Cognizant and Pega are coming together through this collaboration to help customers accelerate their journey and achieve outstanding business outcomes.
"Legacy discovery is one of the most challenging parts of technology modernization, often hampered by manually intensive, time-consuming, and error-prone workflows," said Alan Trefler, founder & CEO of Pegasystems. "This collaboration with Cognizant is designed to help clients bring new levels of efficiency and innovation to their transformation projects, showcasing the transformational power of Pega Blueprint through what we believe is the industry's first GenAI-powered, rapid innovation program to benefit enterprises across industries."
Cognizant will be showcasing Pega Blueprint-driven industry solutions live at PegaWorld from June 1-3 at the MGM Grand in
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SOURCE Cognizant