Attendees at the World Economic Forum 2015 in Davos discussed ways businesses, governments, individuals and NGOs can collaborate to solve the world’s big-picture social, political and economic challenges. Cognizant, a leading global provider of IT, consulting, and business process services, was there in full force to share its views on digital transformation with senior business leaders across industries.
Malcolm Frank, Cognizant’s Executive VP of Strategy and Marketing, and Francisco D’Souza, Cognizant’s CEO, traveled to Switzerland to discuss the growing role digital technology plays in today’s top performing businesses. Francisco emphasizes the importance of business agility: the ability to forecast upcoming changes in the economy and technology, and then actually adopt and integrate new business processes is an invaluable strength.
Malcolm recounts the discussions at WEF confirming that digital technology is now a CEO-level concern. For example, one of the most important innovations currently being utilized is Big Data. 90% of all data in the world has been collected in the past two years, according to Keith Block, Vice Chairman and President of Salesforce. He describes how the convergence of social, mobile, analytics, and cloud technologies – what Cognizant has dubbed the SMAC Stack – has presented a huge opportunity for businesses to become more connective, collaborative, real-time, and productive.
Jonas Prising, CEO of ManpowerGroup, describes how the technology gives way to innovation while Garry Lyons, CIO of MasterCard, advises organizations to appoint a single person to discover and utilize disruptive technology. This role is so crucial that it would ideally have the sponsorship and support of the CEO.
Todd Jones, CEO of Willis North America, describes the recent sea change, freeing up capital which helps fund research and strategies to avoid risks within companies. Not only do these discoveries help the organization itself, but they can also be passed onto the organization’s clients for further streamlining.
In short, digital tech is now a CEO-level concern the world over. Capitalizing on innovative and disruptive solutions is the key to outpacing the competition and staying relevant.
To learn more about how Cognizant can help your organization innovate and run better, visit http://www.cognizant.com?ut...