Introducing Cognizant Neuro® Edge: Revolutionizing AI Deployment at the Edge

Rhea-AI Summary

Cognizant has launched Cognizant Neuro® Edge, an advanced platform designed to enhance AI deployment at the edge. This platform integrates real-time AI-enabled data processing across various industries, improving data privacy and operational efficiency. Neuro® Edge facilitates instant decision-making and complements Cloud AI with deeper insights from longitudinal data. It is cloud-agnostic, supporting hybrid and multi-cloud environments, and offers critical advantages for sectors needing real-time decision-making, privacy, and security. Potential applications include healthcare, energy, logistics, telecommunications, manufacturing, retail, and automotive. The platform, developed in collaboration with Qualcomm Technologies, promises to revolutionize the automotive experience through generative AI. Cognizant aims to make Edge AI applications faster and more accessible, allowing businesses to focus on deriving value from AI and IoT investments.

Positive

• Launch of Cognizant Neuro® Edge enhances AI deployment at the edge.
• Offers real-time AI-enabled data processing, improving operational efficiency.
• Supports instant decision-making and complements Cloud AI with deeper insights.
• Cloud-agnostic platform facilitates hybrid and multi-cloud environments.
• Potential applications across multiple industries, including healthcare, energy, logistics, telecommunications, manufacturing, retail, and automotive.
• Collaboration with Qualcomm Technologies to revolutionize automotive experiences through generative AI.

Negative

• None.

Tech Expert

Cognizant Neuro® Edge represents a significant leap in the evolution of edge computing by integrating cloud and on-device processing capabilities. Edge computing allows devices to process data locally rather than relying solely on central cloud servers, which reduces latency and enhances real-time decision-making. This is particularly beneficial in sectors where immediate responses are crucial, such as healthcare, automotive and telecommunications.

Moreover, the platform's cloud agnostic nature ensures flexibility across different cloud environments, which is a substantial advantage for businesses invested in multi-cloud strategies. The ability to handle real-time interactions and improve operational stability even in low-bandwidth scenarios positions Neuro® Edge as a robust solution for industries aiming to optimize efficiency and data security.

Investors should note that this technology aligns well with the growing trend towards decentralized data processing and the increasing reliance on AI-driven insights. However, the success of this platform will largely depend on its adoption rate across different sectors and its ability to integrate seamlessly with existing systems.

Market Research Analyst

The launch of Neuro® Edge is an indicator of Cognizant's strategic push into the competitive field of AI and edge computing. The platform's ability to enhance data privacy and operational efficiency is likely to resonate well with enterprises that prioritize these aspects in their operational frameworks. The emphasis on real-time decision-making addresses a critical need in various industries, potentially leading to widespread adoption.

From a market perspective, this move could strengthen Cognizant's position in the AI and IoT markets. The collaboration with Qualcomm Technologies underscores the platform's relevance in the rapidly evolving automotive sector. Investors should consider the broader implications of this partnership, particularly in terms of potential market share expansion and the creation of new revenue streams.

While the platform's benefits are clear, investors should also be cautious about potential integration challenges and competition from other tech giants investing heavily in edge computing.

Financial Analyst

The introduction of Cognizant Neuro® Edge could have a considerable impact on Cognizant's financial performance. By addressing key industry needs and leveraging the growing trend of edge computing, Cognizant is positioning itself to capitalize on new market opportunities. The platform is likely to attract new clients and retain existing ones, potentially driving revenue growth and enhancing the company's market share.

However, investors should be aware of the initial capital expenditure required to develop and deploy this technology. While the long-term benefits in terms of operational efficiency and new business opportunities are promising, the short-term financial impact could include increased R&D costs and marketing expenses.

Additionally, the platform's success will depend on its market reception and the speed at which businesses adopt this technology. If Neuro® Edge gains traction, it could provide a strong competitive edge for Cognizant in the evolving tech landscape.

Platform enables real-time AI-enabled data processing across industries, enhancing data privacy and operational efficiency.

TEANECK, N.J., July 1, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced the launch of Cognizant Neuro^®️ Edge, a new platform in the Cognizant Neuro^®️ suite, designed to empower businesses across industries to leverage artificial intelligence and generative AI at the edge.

Edge computing enables enterprises to access computing power via sensors and devices on their networks, reducing dependency on centralized servers and the cloud. Neuro^®️ Edge is designed to power the entire value chain of edge AI, from chips and devices to applications and business solution deployments, shortening the path to business value.

The new platform expands Cognizant's Neuro^®️ AI capabilities, offering a hybrid Cloud + Edge AI solution that supports instant decision-making and complements Cloud AI with deeper insights from longitudinal data. The industry agnostic platform offers advantages for industries where data privacy, security, and real-time decision-making are critical.

"Enterprises are increasingly embracing edge computing to enhance the responsiveness of their distributed devices and extract meaningful insights from the data they generate," said Vibha Rustagi, Global Head of IoT and Engineering, Cognizant. "Cognizant Neuro Edge is a powerful example of Cognizant's leadership in developing a new approach to layering of on-board computing and processing with cloud services, paving the way for businesses to unlock a range of generative AI-driven benefits around operational efficiency, cost and risk reduction."

Neuro^®️ Edge facilitates real-time interactions with devices, helping businesses to accelerate decision-making, reduce data costs and privacy risks and maintain operational stability even in low bandwidth scenarios. The platform is cloud agnostic, making it ideal for hybrid-and-multi-cloud environments, with computing power placed directly at the device. Some potential key applications across industries include:

• Healthcare: Assisting doctors in their real-time decision-making by drawing on diagnostic sensors;
• MedTech: Enabling real-time, on device adjustment options and recommendations based on patient data;
• Energy: Optimizing operations in power generation plants; optimizing response to weather events;
• Logistics: Streamlining fleet performance and reducing downtime through in-vehicle data processing;
• Telecommunications: Enhancing network security, resiliency and automation, leading to lower operating costs;
• Manufacturing: Predicting equipment failures to help optimize uptime and operating costs;
• Retail: Enabling intelligent video analysis for real real-time theft prevention and in-store traffic pattern monitoring to enhance customer service;
• Automotive: Transforming driver and passenger experience by enabling real-time, context-aware and private recommendations via cloud connection. 

As an example of an application in the automotive industry, Cognizant has been working with Qualcomm Technologies to deploy generative AI at the automotive edge and transform the driving experience.

"The automotive industry is going through unprecedented change affecting the entire ecosystem," said Nakul Duggal, Group GM, Automotive, Industrial & Embedded IoT and Cloud Computing, QualcommTechnologies, Inc. "Our work with Cognizant to extend the Snapdragon Digital Chassis' generative AI capabilities and build a connected services platform creates new opportunities for automakers to develop highly personalized and contextually relevant experiences for both drivers and passengers. We look forward to building new intelligent solutions together that will redefine the in-vehicle experience and drive the future of the automotive industry."

Neuro^®️ Edge integrates APIs with the edge ecosystem, encompassing sensors, silicon vendors, edge devices, and enterprise applications. It offers a foundational architecture and illustrative applications tailored for diverse industrial scenarios. Additionally, it is equipped with monitoring agents that track performance and facilitate ongoing enhancements through feedback loops.

"Implementing AI with edge technologies will be important for firms looking to maximize the impact of their investment in both AI and IoT," said Joel Martin, executive research leader for HFS's technology, media, and telecommunications research at HFS, a leading global research and analysis firm. "I believe Cognizant's Neuro Edge will be an important solution improving functionality, reducing latency, and securing AI at the edge with enterprise-grade capabilities."

By using Neuro^®️ Edge, enterprises will be equipped to create and manage Edge AI applications faster and more easily. The platform helps demystify the intricacies of generative AI, enabling businesses to focus on business value.

For more information about Cognizant Neuro^®️ Edge, visit here.

*Qualcomm and Snapdragon products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm and Snapdragon are registered trademarks of Qualcomm Incorporated.

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:

U.S Name Ben Gorelick Email benjamin.gorelick@cognizant.com

Europe / APAC Name Christina Schneider Email christina.schneider@cognizant.com

India Name Rashmi Vasisht Email rashmi.vasisht@cognizant.com

 

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SOURCE Cognizant

FAQ

What is Cognizant Neuro® Edge?

Cognizant Neuro® Edge is a platform designed to enhance AI deployment at the edge, providing real-time, AI-enabled data processing across various industries.

How does Cognizant Neuro® Edge benefit businesses?

Cognizant Neuro® Edge facilitates instant decision-making, enhances operational efficiency, reduces data costs and privacy risks, and supports hybrid and multi-cloud environments.

What industries can benefit from Cognizant Neuro® Edge?

Healthcare, energy, logistics, telecommunications, manufacturing, retail, and automotive industries can benefit from Cognizant Neuro® Edge.

How does Cognizant Neuro® Edge enhance the automotive experience?

Cognizant Neuro® Edge, in collaboration with Qualcomm Technologies, uses generative AI to provide real-time, context-aware, and private recommendations for drivers and passengers.

What are the key features of Cognizant Neuro® Edge?

Key features include real-time AI-enabled data processing, cloud-agnostic architecture, support for hybrid and multi-cloud environments, and applications across various industries.

When was Cognizant Neuro® Edge launched?

Cognizant Neuro® Edge was launched on July 1, 2024.