Cognizant Launches Global FinOps Center of Excellence, New Solutions Built with IBM Technology to Tackle Enterprise Modernization Challenges
Cognizant (NASDAQ: CTSH) and IBM have announced the launch of a new FinOps Center of Excellence (CoE), combining IBM's FinOps software with Cognizant's cloud and developer platforms. The collaboration includes extensions of Cognizant's Skygrade™ and Flowsource™ platforms, integrated with IBM's Apptio, Turbonomic, watsonx.governance, and watsonx Code Assistant for Z. The initiative focuses on three key areas: mainframe modernization, FinOps for cloud cost management, and AI governance, aiming to help enterprises manage complexity, modernize legacy applications, and implement AI solutions at scale.
Cognizant (NASDAQ: CTSH) e IBM hanno annunciato il lancio di un nuovo Centro di Eccellenza FinOps (CoE), combinando il software FinOps di IBM con le piattaforme cloud e di sviluppo di Cognizant. La collaborazione include estensioni delle piattaforme Skygrade™ e Flowsource™ di Cognizant, integrate con Apptio, Turbonomic, watsonx.governance e watsonx Code Assistant for Z di IBM. L'iniziativa si concentra su tre aree chiave: modernizzazione dei mainframe, FinOps per la gestione dei costi cloud e governance dell'IA, con l'obiettivo di aiutare le imprese a gestire la complessità, modernizzare le applicazioni legacy e implementare soluzioni IA su larga scala.
Cognizant (NASDAQ: CTSH) e IBM han anunciado el lanzamiento de un nuevo Centro de Excelencia FinOps (CoE), combinando el software FinOps de IBM con las plataformas en la nube y de desarrollo de Cognizant. La colaboración incluye extensiones de las plataformas Skygrade™ y Flowsource™ de Cognizant, integradas con Apptio, Turbonomic, watsonx.governance y watsonx Code Assistant for Z de IBM. La iniciativa se centra en tres áreas clave: modernización de mainframes, FinOps para la gestión de costos en la nube y gobernanza de IA, con el objetivo de ayudar a las empresas a gestionar la complejidad, modernizar aplicaciones heredadas e implementar soluciones de IA a gran escala.
코그니전트 (NASDAQ: CTSH)와 IBM은 IBM의 FinOps 소프트웨어와 코그니전트의 클라우드 및 개발 플랫폼을 결합한 새로운 FinOps 우수 센터 (CoE)의 출범을 발표했습니다. 이 협력은 IBM의 Apptio, Turbonomic, watsonx.governance 및 watsonx Code Assistant for Z와 통합된 코그니전트의 Skygrade™ 및 Flowsource™ 플랫폼의 확장을 포함합니다. 이 이니셔티브는 메인프레임 현대화, 클라우드 비용 관리 위한 FinOps, AI 거버넌스의 세 가지 주요 분야에 중점을 두고 있으며, 기업이 복잡성을 관리하고, 레거시 애플리케이션을 현대화하며, 대규모 AI 솔루션을 구현하는 데 도움을 주는 것을 목표로 하고 있습니다.
Cognizant (NASDAQ: CTSH) et IBM ont annoncé le lancement d'un nouveau Centre d'Excellence FinOps (CoE), alliant le logiciel FinOps d'IBM aux plateformes cloud et de développement de Cognizant. La collaboration comprend des extensions des plateformes Skygrade™ et Flowsource™ de Cognizant, intégrées avec Apptio, Turbonomic, watsonx.governance et watsonx Code Assistant for Z d'IBM. L'initiative se concentre sur trois domaines clés : la modernisation des mainframes, le FinOps pour la gestion des coûts cloud et la gouvernance de l'IA, visant à aider les entreprises à gérer la complexité, à moderniser les applications héritées et à mettre en œuvre des solutions d'IA à grande échelle.
Cognizant (NASDAQ: CTSH) und IBM haben die Einführung eines neuen FinOps Centers of Excellence (CoE) angekündigt, das die FinOps-Software von IBM mit den Cloud- und Entwicklerplattformen von Cognizant kombiniert. Die Zusammenarbeit umfasst Erweiterungen der Skygrade™ und Flowsource™ Plattformen von Cognizant, die mit IBM's Apptio, Turbonomic, watsonx.governance und watsonx Code Assistant for Z integriert sind. Die Initiative konzentriert sich auf drei Hauptbereiche: die Modernisierung von Mainframes, FinOps zur Kostenverwaltung in der Cloud und die KI-Governance, mit dem Ziel, Unternehmen dabei zu unterstützen, Komplexität zu bewältigen, Legacy-Anwendungen zu modernisieren und KI-Lösungen in großem Maßstab umzusetzen.
- Strategic partnership with IBM enhancing technological capabilities
- Launch of new FinOps Center of Excellence expanding service offerings
- Integration of platforms with IBM's advanced tools strengthening market position
- None.
Insights
This strategic partnership represents a significant advancement in enterprise IT solutions, combining Cognizant's engineering expertise with IBM's advanced technology stack. The launch of the FinOps CoE addresses critical market demands for cost optimization and AI governance - two major pain points for large enterprises. Key value drivers include:
- Integration with IBM's watsonx suite provides enterprise-grade AI governance capabilities, essential for regulated industries
- Mainframe modernization solutions could accelerate digital transformation for legacy systems
- Multi-cloud cost optimization tools position Cognizant to capture growing FinOps market demand
While this partnership enhances Cognizant's competitive position in the enterprise IT services market, revenue impact will likely materialize gradually as these solutions gain market traction. The focus on cost optimization and governance aligns well with current enterprise priorities amid economic uncertainty.
Collaboration debuts solutions that aim to enable enterprises to manage complexity, modernize legacy applications and innovate with enterprise-scale AI.
Alongside the CoE announcement, Cognizant launched extensions of its Cognizant® Skygrade™ and Flowsource™ platforms that are designed to integrate with IBM Apptio, Turbonomic, watsonx.governance and watsonx Code Assistant for Z. The solutions bring together Cognizant's deep engineering capabilities with IBM's powerful tools to help enterprise clients transition to modern architectures and streamline cloud management operations.
"Modern businesses face significant challenges in managing complexity, operational risks, and cost overhead due to the pervasive impact of technical debt and aging applications," said Prasad Sankaran, EVP and Global Head, Software and Platform Engineering, Cognizant. "Cognizant and IBM are committed to offering clients the ability to effectively realize cloud and AI-native solutions at enterprise scale."
Cognizant and IBM aim to help clients operate more efficiently and innovate quickly and responsibly by jointly focusing on the following areas:
- Mainframe Modernization: Modernizing mainframe applications designed to increase agility and innovate faster through code modernization leveraging watsonx Code Assistant for Z, and supporting adoption of a hybrid cloud strategy to maximize the value of mainframe investments.
- FinOps: Aiming to provide visibility and accountability over cloud costs, optimize usage, and implement real-time production adjustments to eliminate waste in multi-cloud environments.
- AI Governance: Aiming to responsibly implement and drive AI governance across the enterprise, leveraging watsonx.governance to help ensure that AI systems are fair and transparent, with tools for AI quality and compliance capabilities integrated into development and operations processes.
"Optimizing cloud, AI and mainframe solutions are priorities for C-suite leaders the world over," said Stephen Smith, General Manager, IBM Service Partner Ecosystem. "Exploiting automation and AI to reduce manual operations and accelerate productivity will help clients to realize more value from their hybrid cloud environments, reduce technology costs and the barriers to innovation."
For more information on Cognizant's partnership with IBM, visit here.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact:
Name Ben Gorelick | Name Christina Schneider | Name Rashmi Vasisht | ||
1 FinOps is a management practice that helps organizations improve the financial performance of their cloud computing infrastructure. The term is a combination of the words "finance" and "DevOps".
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SOURCE Cognizant Technology Solutions
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