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Cognizant Technology Solutions (NASDAQ: CTSH), a global leader in digital transformation and IT services, provides this centralized hub for investors and professionals tracking its strategic developments. Access up-to-date press releases, earnings reports, and announcements covering CTSH's consulting innovations, AI-driven solutions, and industry partnerships.
This resource offers critical insights into Cognizant's operational milestones, including cloud infrastructure projects, cybersecurity advancements, and cross-sector digital modernization initiatives. Users will find organized updates on mergers/acquisitions, leadership changes, and technology deployments across healthcare, finance, and retail verticals.
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Cognizant (NASDAQ: CTSH) has expanded its partnership with Google Cloud to develop healthcare large language model (LLM) solutions using generative AI technology. The initiative aims to address various healthcare business challenges, initially focusing on transforming administrative processes in areas such as appeals and grievances, and member and patient engagement.
This collaboration leverages Google Cloud's Vertex AI platform and Cognizant's AI domain expertise and healthcare industry knowledge. The LLM solutions are expected to simplify complex healthcare administrative tasks, leading to reduced manual workloads, improved accuracy, and lower costs. For example, LLMs can automate the process of converting legal contracts into clear payment rules.
Both companies emphasize their commitment to privacy and security, adhering to responsible AI principles and HIPAA compliance standards. Cognizant, as a Global Systems Integrator partner for Google Cloud, will continue to accelerate shared clients' cloud modernization journeys across key vertical markets.
Cognizant (NASDAQ: CTSH) and ServiceNow (NYSE: NOW) have announced a strategic partnership to accelerate AI-driven automation adoption across industries. This expanded alliance aims to build a $1 billion combined business. Cognizant's newly formed ServiceNow Business Group will integrate Cognizant's industry expertise and AI solutions, including the Cognizant Neuro®️ suite, with ServiceNow's intelligent platform for end-to-end digital transformation.
The partnership focuses on three key areas: enriched operational effectiveness, enhanced experience, and expedited innovation. It aims to address challenges such as rising costs, growing tech debt, manual processes, and sub-optimal customer experiences. The collaboration will leverage AI to improve IT effectiveness, transform siloed experiences, and accelerate innovation and time to market.
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